GEM plans nickel joint venture in South Korea to serve US demand
BEIJING (Reuters) – China’s GEM Co Ltd, a battery and material recycler, has signed a joint venture agreement with SK On and ECOPRO Materials to set up a plant in South Korea to meet the conditions of the U.S.Inflation Reduction Act (IRA), it said on Friday. The joint venture would aim to invest about 1.21 trillion won ($932.56 million) between 2023 and 2026 to build a factory with a minimum […]