Wall Street Slides as Iran War Uncertainty, Oil Surge, and AI Fears Rattle Markets 
Japan Eyes Oil Futures Intervention to Stabilize Yen Amid Middle East Crisis 
Innate Pharma Reports 55% Revenue Drop and €49.2M Net Loss for 2025 
Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round 
Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push 
Berkshire Hathaway and Tokio Marine Form Major Strategic Insurance Partnership 
CK Hutchison's Panama Ports Dispute Escalates as Arbitration Claims Surpass $2 Billion 
Japan's Private Sector Growth Slows in March Amid Rising Costs and Middle East Uncertainty 
9 Tips for Avoiding Tax Season Cyber Scams 
Asian Currencies Stay Muted as Dollar Holds Firm Amid Iran Uncertainty 
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
Rio Tinto's Resolution Copper Mine: U.S. Smelting Challenges and Global Operations Update 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
Finnair Orders 18 Embraer E195-E2 Jets in Landmark Fleet Overhaul 
NAB Plans to Cut 170 Jobs While Expanding Offshore Operations 
Time to buy local: war fuel price shocks reveal the folly of a long food supply chain 
Oil Prices Plunge Over 6% as Middle East Ceasefire Hopes Ease Supply Fears 
POSCO Chemical Co. and General Motors have expanded their joint venture partnership in North America and signed a new deal for processing cathode material at a plant in Quebec, Canada.
The South Korean chemical firm unveiled its new cathode joint venture with General Motors, and their main business is to supply key materials to GM's electric vehicle models. As per Yonhap News Agency, the JV agreement involves $400 million funding, and it will supply materials to Ultium Cells LLC Company that makes batteries for the Detroit, Michigan, headquartered carmaker's EVs.
POSCO Chemicals is a unit of the POSCO Group steelmaker giant, and it is investing in this joint venture with GM for the future of its raw material processing-related biz. The company may add more funds if needed and depending on GM's EV battery requirements for its cars and business.
"GM and our supplier partners are creating a new, more secure and more sustainable ecosystem for EVs, built on a foundation of North American resources, technology and manufacturing expertise," GM's executive vice president of global product development, purchasing and supply chain, Doug Parks, said in a press release. "Canada is playing an important role in our all-electric future, and we are grateful for the strong support we have received from local, provincial and national officials to grow a North American-focused EV value chain."
In any case, POSCO Chemical has plans of raising its annual cathode production capacity from 105,000 tons to 280,000 tons by the year 2025. It will further be increased to 420,000 tons in 2030 as the EV battery market is certainly growing fast as more carmakers are shifting to electric vehicle manufacturing.
"POSCO Chemical is set to expand battery material supplying capability across North America through establishing a cathode material plant in Canada," POSCO Chemical chief executive officer, Min Kyung Zoon, commented for its JV with GM. "We will lead the successful transition to the EV era by further strengthening the strategic partnership with GM and securing a production line with world-class technological competitiveness."
