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South Korean

Lithium battery material deal marks Spanish mine’s commercialisation

Thu, 07/15/2021 - 10:17 -- Paul Crompton

South Korean lithium-ion manufacturer LG Energy Solutions has secured a supply of battery grade lithium-hydroxide from a Spanish mine. 

The firm will receive the first rights to 10,000 tpa from the San Jose Industrial Lithium Project following the signing of a non-binding memorandum of understanding (MoU) with Infinity Lithium Corporation.

The MoU refers to the potential supply of the material for an initial five-year period with the opportunity to extend that for a further five years.

Australia-listed firm Infinity owns the Spanish site with its joint venture partner Valoriza Mineria S.A.

The project treats and refines the ore into lithium hydroxide on site.

A binding offtake agreement is due to be signed within 12 months of the MoU.

Infinity Lithium first unveiled a scoping study for its San Jose project in 2018.

The company had previously released a lithium carbonate scoping study for San Jose, but said at the time it was shifting the project’s focus towards lithium hydroxide.

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Samsung and EcoPro prepare to build $100 million lithium-ion cathode materials plant in South Korea

Wed, 06/03/2020 - 15:09 -- Paul Crompton

South Korean lithium-ion battery maker Samsung SDI has started investing capital into its joint venture EcoPro EM.

Samsung will contribute 48 billion won ($39 million) of the total investment pot of 120 billion won ($96.9 million) into firm with its partner and fellow Korean firm EcoPro BM, a supplier of electric vehicle battery materials to Samsung, investing the remaining cash. 

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MoU paves way for Australian firm to supply recycled battery materials to Korea

Wed, 11/13/2019 - 13:26 -- Paul Crompton

Envirostream Australia, a 24% owned subsidiary of Lithium Australia, has signed a lithium-ion battery materials offtake deal that includes recycled mixed metal dust (MMD) containing cobalt, nickel and lithium.

The memorandum of understanding with South Korean battery recycler SungEel Hitech involves the exclusive supply of metals extracted from recycled lithium-ion batteries out of Australia. 

Image: SungEel president Mr Kang Myung Yi and Envirostream managing director Andrew Mackenzie shake hands after signing the offtake MoU

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Investigation finds South Korea must up safety regulations after lithium-ion battery storage fire

Thu, 10/31/2019 - 15:32 -- Paul Crompton

Independent energy and certification body DNV GL found weaknesses in monitoring and prevention lead to ‘major issues’ and subsequent fire in South Korean energy storage system.

The body’s findings follow an in-depth investigation into a fire at a large-scale energy storage facility in South Korean that pinpointed a ‘minor manufacturing glitch’ that initiated the failure.

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Fast charging lithium-ion to relieve EV range anxiety

Wed, 01/18/2017 - 16:00 -- Paul Crompton
Fast charging lithium-ion to relieve EV range anxiety

South Korean battery maker Samsung SDI claims to have developed lithium-ion technology that pushes the boundaries of what electric vehicles can do.

The prismatic cell will help EVs reach a 600km (372miles) driving range, or 500km (310miles) on a single 20 minute charge (taking the battery up to 80% capacity), according to the company.

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World’s largest lithium nickel manganese ESS deployed to provide frequency control

Fri, 03/18/2016 - 13:22 -- Paul Crompton
World’s largest lithium nickel manganese ESS deployed to provide frequency control

The world’s largest lithium nickel manganese cobalt oxide energy storage system has been deployed for frequency regulation by South Korean lithium-ion/polymer battery firm Kokam.

The 24MW/9MWh system is one of two— the other is a 16 MW/6MWh system— deployed to provide frequency regulation on the South Korean electricity grid.

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