Huh Chin-kyu has become his country’s latest billionaire thanks to increasing demand for the firm’s copper coils.
South Korea Mining News
POSCO was privatised in 2000, but chief executives have previously been replaced when a new administration takes office.
Japan has launched a complaint at the World Trade Organization to challenge South Korean anti-dumping duties on Japanese stainless steel bars.
In 2016, the most recent year from which data is available, 19.6 trillion won ($18.38 billion) worth of metals were extracted from recycled materials.
LG Chem to raise $224.8 mln by 2020 to set up two JVs.
Trump said the agreement "would be a wonderful deal with a wonderful ally."
Samsung C&T has approached Somika SPRL to buy cobalt produced at its Kisanfu mine in Congo after only buying copper from the company for the past four years.
South Korea's largest steel producer has acquired 4.8% stake in Pilbara Minerals, from which it will buy up to 240,000 tonnes of lithium concentrate per year.
Australian Mines said the agreement included an option for SK Innovation to buy up to 19.9% of its ordinary shares.
Pilbara Minerals has announced a potential joint venture with two South Korean companies to develop a lithium processing facility in the Asian country.
South Korea’s SK Innovation said on Thursday it has started commercial production of lithium-ion batteries with an increased portion of nickel, while reducing the usage of expensive components such as cobalt to extend battery life and cut costs.
Nineteen years ago, South Korea came precipitously close to bankruptcy.
The nation now accounts for 10% of global lithium demand and is the fourth largest global market.
The government approved the renewal of agreement for supplying up to 16.5 million tonnes (MT) of high grade iron ore to steel plants in Japan and South Korea over three years till March 2018.
ANZ predicts that as incomes rise across Asia, particularly in China and India, so will the appetite for gold rings and necklaces.
No signs of production slowdown in major coal-exporting countries.
Worries over an economic slowdown in the world's largest iron ore importer have contributed to the 21% drop of iron ore prices so far this year.
The Korea Exchange will use 1 gram units of bullion of 99.99 percent purity to spur liquidity and delivery will be in 1 kilogram bars.
Unveiling the plans last week, Samsung said it would invest in seven areas of research into new materials.
Thanks to increased Asian demand for the commodity.
A new port plus an expansion at an existing port will meet growing demand.
Uranium drops to 7-year-low while nuclear reactor in South Korea starts buzzing again.
The country’s nuclear power industry has been troubled by a series of mandatory shutdowns, corruption scandals and mechanical failures in recent years.
A "scatter gun approach" to patent filing.
The biggest Australian iron ore mine to emerge in decades would not employ any of the 1,700 foreign construction workers it had been allowed to import.