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Finance

Woori Investment Securities sole lead manager for Ecopro Indonesia unit 120 billion won fundraising

Woori Investment Securities acted as sole lead manager for a 120 billion won fundraising by Green Eco Nickel, Ecopro\'s Indonesian unit, it said on Wednesday. The brokerage said the deal was a large corporate finance transaction carried out on the back of stronger capital after a 1 trillion won capital increase early last month. Ecopro plans to use the funds to expand infrastructure at local refining facilities.

Industry

Electrode restoration tech emerges that recovers up to 95 percent of used lithium-ion battery capacity

A technology has been developed to restore the performance of electrodes from used lithium-ion batteries without dismantling or melting them. Researchers expect the method can recover up to 95 percent of battery capacity and more than halve manufacturing costs for refurbished batteries. The approach regenerates electrodes directly on their metal current collectors by removing the SEI layer using a DMI solvent and applying a recovery process. It was tested mainly on EV batteries with 70 to 80 percent state of health.

Industry

EcoPro BM ships first cathode materials to European OEM from Hungary plant

EcoPro BM has shipped high-nickel NCA cathode materials for the first time from its plant in Debrecen, Hungary, for supply to a European automaker OEM, the company said on Tuesday. Executives including CEO Moon-ho Choi attended the shipment ceremony. The complex houses several affiliates and has annual cathode capacity of 54,000 tons across three lines. EcoPro BM plans additional supply to other global OEMs this year and may consider building a second plant.