https://www.miningweekly.com
PROJECT|Projects|Resources|Sustainable
PROJECT|Projects|Resources|Sustainable
project|projects|resources|sustainable

Global Lithium finds downstream partner in Korea

29th September 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Global Lithium Resources has signed a memorandum of understanding (MoU) with Korean electric vehicle battery cell manufacturer SKO On Co to explore the potential to develop downstream lithium assets.

The MoU will run for an initial two-year period, and will also consider SK On potentially supporting Global Lithium’s future capital raising, and potential investment and offtake opportunities at Global Lithium’s Marble Bar project, in the Pilbara, and at its Mana lithium project, in the Goldfields.

The MoU would also consider potential opportunities to collaborate on electric vehicle (EV) and battery material supply chains.

“The scope of this partnership has the potential to strengthen and diversify the future of Global Lithium’s projects in Western Australia both in the near term and in the years ahead," said Global Lithium MD Ron Mitchell.

“Evaluating downstream processing partnerships is a significant part of Global Lithium’s step-change growth strategy and the company will continue to build on a range of advanced discussions around the globe.

“The lithium and EV markets have experienced significant growth over the past two years and this expansion is only set to accelerate as demand for lithium-ion batteries increases. A partnership such as this will help position Global Lithium to be a key supplier of lithium to aid the continued sustainable development of the industry.”

SK On is one of the fastest-growing battery manufacturers in the industry, with battery production facilities operating in countries including the US, China, Hungary and Korea. SKO supplies batteries to global automakers including Ford Motor Company, Hyundai Motor Company and Volkswagen.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.18 0.211s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: