Next month, South Korea is expected to announce the recipients of their KRW 5 trillion supply chain stabilisation fund.
POSCO is a likely recipient, given their involvement in discussions about priority projects for funding.
And with their strategic aim to diversify import sources for natural graphite, the Siviour project must be firmly in their sights.
All signs point to an exciting few weeks ahead. _________
27 June 2024 “Separately from the Supply Chain Committee event, Deputy Prime Minister Choi visited the Sejong City plant of POSCO Future M … on June 24…. We are pursuing diversification of import sources and domestic alternative production of natural graphite…. Deputy Prime Minister Choi said, ‘The secondary battery industry is a core future industry of our economy, but it is a field highly dependent on external sources for raw materials, and the government will continue to work with the industry in the future. We will communicate closely and actively support our companies in securing overseas mineral resources ….” (MOEF)
RNU Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held
