QPM
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0.00% 3.4¢ queensland pacific metals limited

South Korean battery maker LG Energy Solution Ltd. said Tuesday...

  1. GortonGums
    5,050 Posts.
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    08/06/21
    15:43
    Post #: 53719295
    South Korean battery maker LG Energy Solution Ltd. said Tuesday it has struck a deal to buy a 7.5 percent stake in an Australian chemical company for 12 billion won ($10.8 million) for a stable supply of critical metals used in electric vehicle batteries.

    LG Energy Solution, the wholly owned subsidiary of LG Chem Ltd., said it agreed to buy new shares issued by Queensland Pacific Metals (QPM), which produces nickel and cobalt, key materials for lithium-ion batteries.

    http://www.koreaherald.com/view.php?ud=20210608000293
    QPM Price at posting: 15.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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