Post by
Wojo1963 on May 31, 2021 6:20pm
Looks like It hit the fan
"In South Korea, industry leader LG Energy Solution will send defective batteries to Posco’s recycling facilities to be set up in Poland and in Korea. Poland is LGES’ production base for Europe. According to sources with the knowledge of the deal, Posco will grind up defective batteries into fine powder to extract critical metals such as nickel, cobalt and manganese from it."
This is from the Korean Hearld May 6, the day that Larry knew he was getting the Korean patent, the old fox Larry gave us the heads up as much as he could. I thought it would not break till Wednesday when Zarko gave his gigafactory presentation. I am knee deep in AMY shares (still have not exercised my warrants) and knee deep in cash, but I am am also buying h2, Toyota just set a record for their H2 car Marai, 1000 km on a single tank and then to fill up the tank took only 5 minutes.
In the lithium-ion battery field where defect rates during the manufacturing process tend to be high, mining valuable materials from defective products should be a necessity, the company said.
Through years of optimization, LGES’ 70 gigawatt-hour battery factory in Poland recently managed to reach yield rate over 90 percent, which means around 10 percent of what’s produced there are still being thrown away.
Another consideration is Posco is pushing their high manganese steel, as the high strength steel for the future. AMY maganese enrichment patent could be another consideration.