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WNA: global nuclear generation nears record high in 2019

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Nuclear generation reached a near-record high in 2019, with output reaching 2657 TWh, enough to meet more than 10% of the world’s electricity demand, according to the recently published World Nuclear Association Performance Report 2020. Growth was particularly strong in Asia, where nuclear generation rose by 17% in 2019.

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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

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South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Incorporated in 2018, Global Lithium was listed on the Australian Stock Exchange last year.

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Why New Production Sources of Tungsten Are Critical for Increased Global Supply

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and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5% in the April report for the Institute for Supply Management’s Manufacturing Index. and this has caused a great deal of concern about the overall supply chain of tungsten.

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PLANA signs LOI with Hi-Air for 30 CP-01 AAM aircraft for 2031 delivery

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PLANA , a developer of hybrid advanced air mobility (AAM) eVTOL aircraft, signed a letter of intent (LOI) and a memorandum of understanding (MOU) with Hi-Air, a South Korean commercial air carrier, to supply 30 AAM aircraft. Under the LOI, PLANA will supply its hybrid-electric AAM aircraft, CP-01, to Hi-Air from 2030.

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Volkswagen Group picks SK Innovation as supplier of battery cells for MEB-based EVs in North America

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The Volkswagen Group has selected South Korea-based battery manufacturer SK Innovation (SKI) as the fourth major supplier of battery cells for electric vehicles based on the Modular Electric Toolkit (MEB). These partners will safeguard battery supplies from 2019.

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LG Energy Solution raises about $10.6 billion in South Korea’s biggest IPO to date

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billion in South Korea’s biggest IPO to date, hitting a market cap of over $98 billion. It is now the third-most valuable company in South Korea after Samsung Electronics Co Ltd (005930.KS) KS), according to The Korea Times. KS), according to The Korea Times. LG Energy Solution (LGES/ 373220.KS)

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SK Innovation to build $1.67B EV battery manufacturing plant in Georgia

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South Korea-based SK Innovation, a developer of lithium-ion batteries for electric vehicles, will invest $1.67 Based on these technological capabilities, SK innovation has signed supply contracts with major automakers including Hyundai Motor Group, BAIC Group and Daimler AG.

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