POSCO announces $1.16 bln JV with China's CNGR on battery materials

Posco Future M

21/06/2023 08:10

SEOUL, June 21 (Reuters) - South Korea's Posco Holdings
 005490.KS  said on Wednesday it has signed a joint venture
agreement worth around 1.5 trillion won ($1.16 billion) with
Posco Future M  003670.KS  and China's CNGR  300919.SZ  to
produce precursors and nickel for batteries.
($1 = 1,293.0200 won)

 (Reporting by Hyunsu Yim
Editing by Ed Davies)
 ((Hyunsu.Yim@thomsonreuters.com;))