Australian battery metal players key to South Korea's EV ambition

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SYDNEY : Australia will play a big role in South Korea's ambition to lead the electric vehicle batteries market and diversify from China for its battery metals needs, a top South Korean executive said on Wednesday.Ben Bosung Kim, the managing director for steel giant POSCO in Australia, said the company h

SYDNEY : Australia will play a big role in South Korea's ambition to lead the electric vehicle batteries market and diversify from China for its battery metals needs, a top South Korean executive said on Wednesday.

"It was like that in the past in terms of steelmaking, and it will be for the battery materials in the future," he said. South Korea needs critical mineral supplies, having pledged to become a battery manufacturing powerhouse by 2030 as part of a plan to be carbon-neutral by 2050.

 

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