09
Jun
12:31
NICKEL, COBALT: QPM welcomes LG Energy Solution, Posco as shareholders, offtakers
Australian smelting company Queensland Pacific Metals (QPM) has attracted $15 million in equity investment from South Korean firms LG Energy Solution and Posco GEM 1ST FUND, Kallanish reports.
LG Energy Solution will invest $10.5m in a 7.5% stake in QPM and Posco will invest $4.5m in a 3.2% stake. The ordinary shares were sold at AUD 0.13 each, which represents a premium of 16.8%, QPM says in a statement.
The parties also entered into offtake agreements for the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous