
South Korean steelmaker POSCO Group has signed a strategic agreement with China's Ningbo Ronbay New Energy to supply lithium from Australia and Argentina and collaborate on spent-battery recycling initiatives.
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POSCO is developing an end-to-end lithium production chain sourcing from Australia and Argentina.
SEOUL, Aug. 19 (Yonhap) -- POSCO Group, South Korea's leading steelmaker, said Wednesday it will collaborate with Chinese cathode-materials producer Ningbo Ronbay New Energy on lithium supply and spent-battery recycling.
POSCO inked the strategic framework agreement with Ronbay to supply the Chinese company with hard-rock lithium from Australia and brine lithium from Argentina, while exploring business opportunities in spent-battery recycling, the company said in a press release.
Through the partnership, POSCO said it will leverage its end-to-end lithium production value chain, from raw materials to finished products, including lithium recovered through spent-batteries.
The partnership will also enable POSCO to supply battery-grade lithium to China, the world's largest producer of battery materials, the company said.

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미국과 캐나다의 무역 협상이 최종 결렬되면서 미국이 22일부로 약 200억달러 상당의 캐나다산 수입품에 50% 관세를 부과하기로 했다. 이에 캐나다도 동일한 규모의 보복 관세를 예고하며 양국 관계가 급격히 냉각되고 있다.

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