South Korean battery maker LG Energy Solution said on Friday it has signed agreements on lithium and cobalt sourcing with three Canadian mining firms in a bid to expand its footprint in North America.
said on Friday it has signed agreements on lithium and cobalt sourcing with three Canadian mining firms in a bid to expand its footprint in North America.supplier said in a statement the agreements were part of an effort to expand mid- to long-term supply contracts with companies that mine and process key battery materials in North America.
The U.S. Inflation Reduction Act , signed into law by U.S. President Joe Biden in August, requires a percentage of critical minerals used in electric vehicle batteries come from the United States or an American free-trade partner. LG said the three Canadian mining firms, Electra, Avalon and Snowlake, will supply LG with 7,000 tonnes of cobalt sulfate for three years from 2023, 55,000 tonnes of lithium hydroxide for five years from 2025, and 200,000 tonnes of lithium hydroxide for 10 years, respectively.Reporting by Joyce Lee; Editing by Sherry Jacob-Phillips
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
South Korean president overheard insulting U.S. Congress as ‘idiots’South Korean President Yoon Suk-yeol was caught on a hot mic Wednesday insulting U.S. Congress members as “idiots” who could be a potential embarrassment for President Biden if they did not approve funding for global public health.
Leer más »
South Korean President Yoon Suk-yeol's profanity-laced hot mic criticism of U.S. goes viralPolitical foes accused already-unpopular President Yoon Suk-yeol of causing 'a major diplomatic mishap' with his 'foul language tarnishing the U.S. Congress.' alabamanewsnetwork
Leer más »
S.Korean won falls through key level after Fed hikeSouth Korea's won tumbled past the psychologically important 1,400 level against dollar for the first time in 13-1/2 years on Thursday on the U.S. Fed's aggressive tightening and defying official warnings against sharp currency moves.
Leer más »
Korean Sunscreens That Leave a Glowy, Weightless FinishThese sunscreen formulas are among the world's most innovative.
Leer más »
Korean crypto bank partners with Blockdaemon to offer retail staking servicesKorean-based crypto company happydelio will now offer retail staking services, thanks to a partnership with Blockdaemon.
Leer más »