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04 May
06:10

Posco, Huayou Cobalt plan South Korean battery materials plant

South Korean steelmaker Posco announced its battery material department, Posco Future M, has signed a MOU with Chinese cobalt producer Huayou Cobalt and the local government parties of Pohang. The two companies plan to jointly expand battery material development and production in South Korea.  Similar to the previously announced expansion plan of another South Korean battery material company SK On, this domestic investment expansion is seen as preparation for…
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