OpenAI May Delay IPO to 2027 Amid $1 Trillion Valuation Goal 
Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business 
US Judge Seeks Explanation for DOJ’s Decision to Drop Gautam Adani Bribery Case 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism 
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
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
