Global Lithium finds downstream partner in Korea
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.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation