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 Public Officials Benefit Association (POBA) has been recently named as a preferred buyer of an office complex in Brussels, Belgium, in a 130 billion won ($117 million) deal which is expected to offer an annual return of around 5%.&hellip
The Public Officials Benefit Association (POBA) is screening investment proposals from overseas private equity fund managers to entrust a combined $300 million to about six of them this year, an increase from last year’s commitment of $200 million to five foreign&hellip
The life insurance arm of South Korea’s Shinhan Financial Group will allocate more than 90% of its assets under management to loans and bonds to earn stable interest incomes, and invest the remainder in stocks and alternative assets for higher&hellip