Australia's Liontown signs supply deal with S Korea's LG Chem, shares jump

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

Australian lithium miner Liontown Resources Ltd said on Wednesday it signed a deal to sell lithium spodumene from its flagship project to the battery unit of South Korea's LG Chem, sending its shares soaring 13per cent.LG Energy Solution, which counts Tesla Inc and General Motors Co as its customers, will

Australian lithium miner Liontown Resources Ltd said on Wednesday it signed a deal to sell lithium spodumene from its flagship project to the battery unit of South Korea's LG Chem, sending its shares soaring 13per cent.

Liontown joins other lithium players in the country, like Vulcan Energy, to strike major supply deals with EV makers as the sector assumes centre stage amid a global push by companies and governments towards a greener future.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LG Chem to invest US$419 million by 2025 in cathode material plant for batteriesSEOUL: South Korea\u0027s LG Chem Ltd said on Tuesday (Jan 11) it plans to invest about 500 billion won (US$418.52 million) by 2025 to build a cathode material production plant for batteries in Gumi, South Korea. The plant will help LG Chem secure cathode material production capacity of 60,000 tonnes per year,
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

LG Chem to invest US$419 million by 2025 in cathode material plant for batteriesSEOUL: South Korea\u0027s LG Chem Ltd said on Tuesday (Jan 11) it plans to invest about 500 billion won (US$418.52 million) by 2025 to build a cathode material production plant for batteries in Gumi, South Korea. The plant will help LG Chem secure cathode material production capacity of 60,000 tonnes per year,
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Shimao's shares fall after Chinese developer says no deal to sell Shanghai plazaHONG KONG : Shares of Chinese property developer Shimao Group Holdings fell 5per cent in early Asian trading on Tuesday after it denied a media report that it has entered into a preliminary agreement to sell a Shanghai plaza.Shimao said in a filing, however, it is in talks with some potential buyers and m
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China's Shimao says it has no deal to sell Shanghai plaza, shares slumpHONG KONG :Shares of Chinese property developer Shimao Group Holdings fell 5per cent in early Asian trading on Tuesday after it denied a media report that it has entered into a preliminary agreement to sell a Shanghai plaza.Shimao said in a filing, however, it is in talks with some potential buyers and may co
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Doctor asks 19-month-old if she can jump, and the results are hilariousTikTok is cracking up at this toddler's attempt at jumping.
Source: YahooSG - 🏆 3. / 71 Read more »

Indonesia sees big jump in Omicron cases, govt urges people to hold off overseas trips
Source: STForeignDesk - 🏆 4. / 71 Read more »