[Lithium Battery: 50,000 Tons/Year Iron Phosphate Project Planned For Suining, Sichuan]

Korean company PKC announced that it has made its first shipment of 20 tonnes of phosphorus trichloride (PCl₃) produced at its Saemangeum Plant 1. The shipment was supplied as a paid sample for approval to a global top-tier fine chemical materials company specializing in high-performance antioxidants. The customer plans to use the material as a test feedstock in its antioxidant production process and begin full-scale quality verification. PKC’s phosphorus trichloride (PCl₃) and phosphorus pentachloride (PCl₅), which are being mass-produced at Saemangeum Plant 1, are key raw materials used in secondary battery electrolytes and fine chemical products.

FINO announced on June 11 that it will acquire 1,405,752 shares of C&P New Materials from existing shareholder CNGR Hong Kong Hongchuang New Energy Co., Limited for KRW 28.2 billion. The transaction payment is scheduled to be made on June 16. Following the deal, FINO’s stake in C&P New Materials will increase from 29% to 75%, making it the largest shareholder. Meanwhile, CNGR Hong Kong’s stake will decrease from 51% to 5%, while POSCO Future M will maintain its existing 20% stake.

HS Hyosung established a joint venture, HS Hyosung Energy Solution Korea, with Belgian materials company Umicore on June 1. The new entity was set up to produce silicon anode materials, with Ulsan selected as its production base.