Australia's EcoGraf jumps on deal to supply battery material to POSCO
31/05/2023 02:19
** Shares of EcoGraf Ltd EGR.AX rise as much as 26.7% to
A$0.190 - set for their best day since Sept 29, 2022, if gains
hold
** Graphite producer says it signed a non-binding
cooperation agreement with South Korea's POSCO International
047050.KS
** Under the deal, EcoGraf will supply POSCO with battery
anode material products for an initial term of ten years from
the commencement of production
** EGR stock at its highest level since May 4
** Stock down ~32% YTD, as of last close
(Reporting by Ayushman Ojha in Bengaluru)
((Ayushman.ojha@thomsonreuters.com;))
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