Cosmo Chemical Invests 15.9 Billion KRW in New Lithium Carbonate Production Facility
[Asia Economy Reporter Lee Jung-yoon] Cosmo Chemical announced on the 21st that it has decided to make a new investment in lithium carbonate production facilities worth 15.9 billion KRW.
This corresponds to 5.25% of its equity capital, and the investment period is from today until December 31.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- [Breaking] Samsung Labor-Management 'Performance Bonus Negotiations' Fail in Third Mediation... Union Says "General Strike to Proceed as Planned Tomorrow"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Bull Market End Signal? Securities Firm Warns: "Sell SK hynix 'At This Moment'"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
The company explained, "In addition to nickel and cobalt extraction within the used battery recycling business, we aim to maximize profitability by early entry into the lithium extraction business, whose prices are rapidly rising due to recent supply-demand imbalances."
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
