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LG Energy, POSCO invest $15 mn in Aussie nickel smelter

Battery materials

LG Energy, POSCO invest $15 mn in Aussie nickel smelter

South Korea’s LG Energy Solution Ltd. and POSCO have agreed to invest a combined 17 billion won ($15 million) in Australia's Queensland Pacific Metals Ltd. (QPM) for stable procurement of nickel and cobalt, key metals used in electric vehicle batteries. LG Energy Solution, the spin-off of chemical maker LG Chem Ltd., said on Tuesday it is buying 99.24 million new shares issued by QPM to own 7.5% of the Australian smelter for 12 billion won

Jun 08, 2021 (Gmt+09:00)

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