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.
South Korea Mining News
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.
India, Russia and South Korea are doing it right.
Four leading Asian economies currently account for almost of Iran's exports of oil
Imports of rare earth minerals from China plunged in 2012, while Japan-sourced supplies more than tripled
Daewoo, LG and Korean government team up with Cauldron Energy on Marree Uranium project
The consortium includes South Korean steelmaker POSCO and Taiwan-listed China Steel.
Molycorp share prices sink to record lows following many difficulties last year, leaving the American rare earth producer a highly appealing takeover target
Polymetal International has made several trial shipments of precious metals concentrates to Japan and South Korea and is planning talks on further supplies, Polymetal's CEO Vitaly Nesis said in an interview.
Frontier is advancing the Zandkopsdrift rare earth project in South Africa and in December sold 10% of the venture to Kores for $23.8 million. The South Korean state-owned company now wants to ink a more comprehensive deal.
Shares of nuclear medicine company Nordion dove close to 40%, down $3.93 at $6.53 in Toronto on Monday.
Woulfe Mining (TSX-V) is raising $20 million to reopen one of the world's largest tungsten resources. The company announced on Wednesday that it will offer a convertible unsecured senior debentures at a price of $1,000 per […]