BEIJING, March 24 (Reuters) - GEM Co Ltd , a
battery and material recycler in China, has signed an agreement
on the potential creation of a South Korean joint venture with
SK On and ECOPRO Materials for projects to produce battery
precursors of nickel materials, it said on Friday.
The joint venture would aim to invest about 1.21 trillion
won ($932.56 million) between 2023 and 2026, GEM said in a
Shenzhen filing.
($1 = 1,297.5000 won)
(Reporting by Ella Cao, Zhang Yan and Brenda Goh
Editing by David Goodman
)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.