VUL 3.07% $5.03 vulcan energy resources limited

1) Binding Lithium Offtake Term Sheet with LG Energy Solution...

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    1) Binding Lithium Offtake Term Sheet with LG Energy Solution (19. July 2021)
    https://vul.live.irmau.com/site/PDF/cb1494da-9763-4300-a12f-c17072dbc540/BindingLithiumOfftakeTermSheetSignedwithLG

    2) LG Energy Solution raises $10.8 bln in S.Korea's biggest IPO (14. January 2022)
    https://www.reuters.com/markets/commodities/lg-energy-solution-prices-ipo-top-range-raises-108-bln-sources-2022-01-14/

    Quotes: "SYDNEY/SEOUL, Jan 14 (Reuters) - South Korean battery maker LG Energy Solution (LGES) raised $10.8 billion in its initial public offering (IPO), attracting record demand for a deal in South Korea, the company said on Friday."

    "The listing, set to take place on Jan. 27, will be the biggest in the country after Samsung Life Insurance Co Ltd's 4.8 trillion won IPO in 2010."

    "LGES, die Batterietochter von LG Chem Ltd (051910.KS), beliefert unter anderem Tesla Inc (TSLA.O), General Motor Co (GM.N) und Volkswagen AG (VOWG_p.DE)."

    "The IPO comes as global battery-powered electric vehicle (EV) sales, estimated at 2.5 million units in 2020, are forecast to grow more than 12-fold to 31.1 million by 2030 and account for nearly a third of new vehicle sales, according to consulting firm Deloitte."

    3) LG Energy Solution considers factory in Europe (11. January 2022)
    https://battery-news.de/index.php/2022/01/11/lg-energy-solution-erwaegt-fabrik-in-europa/

    Quotes: "South Korean battery producer LG Energy Solution has hinted at building a battery factory in Europe. The plant, if approved, is planned as a joint venture with an automaker, says Kwon Young-soo, CEO of the subsidiary of LG Chem Ltd."

    "In addition, LG Energy Solution is expanding its portfolio to include lithium iron phosphate (LFP) batteries."

    "In the long term, the South Koreans aim to overtake CATL as the largest battery manufacturer to date."

    "According to regulatory documents, LG Energy Solution intends to invest the equivalent of about 6.5 billion euros internationally to increase battery production."

    "After the IPO, the battery producer says it expects "more than double-digit operating margins" and growth of at least 25 percent."
    Last edited by ShareStock2021: 21/01/22
 
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