With this localization, Korea's rechargeable cell manufacturing industry which relied totally on imported lithium will likely benefit from cost reduction. On February 7, POSCO held a ground-breaking ceremony for its carbon lithium plant within its Gwangyang Steel Works. The carbon lithium plant will have an annual production capacity of 2,500 tons.
Given that the current price of carbon lithium is set at around US$10,000 per ton, the plant is expected to create an annual revenue of about $25 million.
The 2,500 tons of carbon lithium are large enough to be used for the production of about 70 million laptop computer batteries or 60,000-70,000 electric vehicle batteries.
The National Pension Service (NPS) has begun running an emergency inspection system for its investment management department with the appointment of acting chief investment officer and global alternative investment head, the South Korean pension fund said on July 25. In-Sik&hellip
South Korean asset managers are joining hands with French property investment firms to buy prime commercial buildings in the Netherlands and Belgium as they are turning eyes to the Benelux region for higher returns, sending their real estate values to&hellip
Blackstone, Kuwait Investment Authority (KIA) and three property investment firms are vying for Sony Center in Berlin which South Korea’s National Pension Service (NPS) has put on the block in a transaction expected to fetch around €1.1 billion ($1.3 billion),&hellip