OpenAI Weighs AI Development Slowdown Over Safety Risks 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
UK Businesses Urge Government to Cut Electricity Levies 
U.S. Accuses Chinese AI Firms of Extracting Model Capabilities 
Japan Producer Inflation Eases to 7.6% in August 
Asian Stocks Fall as Oil Tops $100, Yields Rise 
Qualcomm Stock Jumps on Amazon AI Chip Deal 
Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
Novartis Shares Plunge After Muscle Drug Fails Phase III Trial 
ECB Rate Hike in Focus as Oil Tops $100 
Google Revamps EU Search Results to Meet DMA Rules 
Boeing, SPEEA Reach Tentative Four-Year Labor Deal 
Kioxia Rules Out SK Hynix Manufacturing Partnership 
US Treasury Yields Near 5% as Oil Fuels Inflation Fears 
China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit 
Add as a preferred source on Google
Hanwha Solutions Corp is spending 338 billion won to boost its annual production of caustic soda in its Yeosu factory by 270,000 tons to 1.11 million tons by 2025,
Also known as sodium hydroxide, caustic soda is a chemical widely used to clean or bleach industrial materials for making rechargeable batteries.
In the case of electric vehicle batteries, caustic soda cleans the impurities in making cathode materials.
The chemical and energy unit of South Korea’s Hanwha Group decided on the investment as it expects the demand for such basic materials to increase rapidly due to the surging demand for electric vehicles.
The demand for caustic soda in South Korea is seen growing over 5 percent to 1.6 million tons by 2025 on an annual basis.
