South32 Sells Major Aluminium Assets to Alcoa in Deal Worth Up to $5.6 Billion 
Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says 
Momenta Launches Hong Kong IPO to Raise Up to $751 Million for AI and Robotaxi Expansion 
UN Chief Urges Nations to Close $100 Million UNRWA Funding Gap 
Oil Prices Rise as U.S.-Iran Talks Keep Geopolitical Risks in Focus 
Gold Price Drops to Eight-Month Low as Fed Rate Hike Bets Weigh on Bullion. Source: Photo by Michael Steinberg via Pexels 
Gold Price Hits Annual Low as Fed Rate Hike Bets and Sticky Inflation Weigh on Bullion 
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action 
Nvidia Stock Rises as SemiAnalysis Sees AI Data Center Revenue Beating Wall Street Forecasts 
Europe Heatwave Creates Growth Opportunity for Carrier, Trane, and Johnson Controls, Citi Says 
Gold Prices Drop as Fed Rate Outlook and Iran Tensions Weigh on Market 
Morgan Stanley Raises Tesla Q2 Delivery Forecast on Strong Europe and China Demand 
SoftBank Shares Slide as OpenAI IPO Delay Concerns Weigh on AI Investment Outlook 
Oil Prices Slip as U.S.-Iran Peace Talks and Strait of Hormuz Risks Keep Markets on Edge 
Australia Sues Amazon Over Prime Video Ads and Subscription Terms 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
POSCO Holdings, partnering with China Huayu Cobalt and GS Energy, unveils the revolutionary POSCO HY Clean Metal, a secondary battery recycling plant. Processing 12,000 tons of black powder yearly, the facility substantially recovers valuable metals and contributes to an eco-friendly resource circulation system.
The plant can process an impressive 12,000 tons of black powder annually and recover substantial quantities of valuable metals. Specifically, it can extract 2,500 tons of nickel, 800 tons of cobalt, and 2,500 tons of lithium carbonate. This black powder, derived from crushing and selectively collecting waste batteries, is a crucial raw material for secondary battery production.
To ensure a sustainable supply of black powder, POSCO Holdings established the Poland Legnica Sourcing Center (PLSC) in August of last year. Operating in Poland, the PLSC crushes secondary battery scrap and waste batteries to produce this valuable black powder. The powder is then supplied to the POSCO HY Clean Metal recycling plant located in the Yulchon Industrial Complex, South Jeolla Province.
What sets HY Clean Metal apart is its innovative process technologies, which maximize the recovery rate of raw materials for secondary battery production. Additionally, the company is committed to minimizing waste generation by converting by-products such as copper and sodium sulfate into useful products.
The materials produced by HY Clean Metal will be supplied to the POSCO Future M cathode material plant, also located within the Yulchon Industrial Complex. This strategic integration enhances the raw material sourcing competitiveness of POSCO Group's secondary battery materials business.
POSCO Holdings aims to create an environmentally friendly resource circulation system by establishing this advanced battery recycling plant. The company can recover valuable raw metals by recycling scrap and waste batteries, reducing carbon dioxide emissions and overall costs.
According to Choi Jeong-woo, Chairman of POSCO Group, they are committed to the continuous development of POSCO Group as a global leader in the secondary battery materials industry through investments in cathode materials, anode materials, lithium, and recycling. This completion marks a significant step towards achieving a sustainable and eco-friendly future in the battery industry.
Photo: POSCO Newsroom
