Sino Biopharm Stock Rises After AstraZeneca Licensing Deal, GSK Partnership Expansion 
SK Hynix’s $28B U.S. IPO Draws Strong Demand as AI Chip Boom Fuels Investor Interest 
US Stock Futures Slip as Fed Minutes, Earnings Season Take Center Stage 
SpaceX Stock Draws Bullish Wall Street Coverage Ahead of Nasdaq-100 Inclusion 
Iran Targets U.S. Bases in Bahrain, Kuwait as Hormuz Conflict Escalates and Oil Prices Jump 
Cuba Power Grid Collapse Triggers Nationwide Blackout Amid Deepening Energy Crisis 
Asian Markets Slip as AI Earnings Season Looms, Oil Prices Fall Ahead of Key Fed Signals 
AI Memory Chip Shortage Likely to Persist Despite Korea Investment Boom, Nomura Says 
Shell Raises Q2 Upstream Outlook, Flags Qatar Gas Hit as Shares Rise 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
Japan Regional Bank Stocks Drop After Zentoshin Bankruptcy Sparks Credit Risk Concerns 
Telenor to Buy Controlling Stake in Bahnhof in $630 Million Broadband Deal 
Gold Price Today: Gold Slips as Dollar Rebounds Ahead of Fed Minutes 
OpenAI GPT-5.6 Set for Wider Release After U.S. Commerce Approval, Report Says 
Oil Prices Rise as Strait of Hormuz Risks Offset OPEC+ Supply Increase 
Lockheed Martin, Rheinmetall Plan First ATACMS Missile Production in Germany 
Barclays Downgrades Siemens Energy as Valuation Seen Near Peak 
LG Energy Solution has acquired a 7.98% stake in Australia's Green Technology Metals to secure a stable supply channel for lithium. The South Korean battery manufacturing company signed an investment deal with the latter for an undisclosed amount.
Aju Business Daily reported that LG Energy Solution forged a partnership with Green Technology Metals through the acquisition deal. This will give the company 5-year access to 25% of concentrated lithium ore per year, which is manufactured from the latter’s mine located in Seymour, Indiana, in the United States.
The Australian lithium producer and supplier operates four lithium mines in the North American territory, and the one in Seymour has around 1,000 tons of lithium deposits.
The acquisition of Green Technology Metal is part of LG Energy Solution’s strategy in its bid to diversify and further broaden its lithium supply sources. The deal comes as the leading battery makers around the world are competing to acquire sources so they can have stable supply channels for rare metals, lithium, and other battery materials.
“We have always been committed to expanding our supply chain in North America, as a steady supply of critical minerals, including lithium, is key to ensuring reliable and timely delivery of our innovative power solutions to our customers,” LG Energy Solution’s chief procurement officer, Myung Hwan Kim, said in a press release. “Thanks to partnerships with competent local suppliers like GT1, we will continue our devotion to expediting the EV transition in North America, through our product competitiveness and operational excellence.”
Green Technology Metals’ chairman, John Young, also commented, “We welcome the execution of these important agreements with LGES and look forward to their contribution as a new strategic partnership with GT1, alongside AMCI, Lithium Americas and Primero. LGES brings global scale and expertise in battery manufacturing as well as balance sheet strength as GT1 rapidly advances its integrated lithium strategy in North America.”
