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Insane
 
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Insane

$2 trillion
Not bad
the AI bubble is collapsing.
 
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Korea's 18-35 population is ~10 million. 62% of 360,000 is ~230,000. That means over 2% of Korea's adults under age 35 had all their stocks/bonds liquidated over the past month. Squid game just found its latest round of contestants
 
That's one of the biggest benefits of being Uncle Sam's ally, South Korea forever be ready and happy to be bullied and extorted repeatedly for money by your mafia boss.
 

Posco deepens battery ties with China's Ronbay, expand recycling efforts​

Posco Holdings will supply battery-grade lithium to China’s Ronbay Technology and expand cooperation on global spent-battery recycling.

Published August 19, 2026 - 4:34 p.m.

Posco Holdings will supply battery-grade lithium to China’s Ronbay Technology under a partnership that spans lithium production and spent-battery recycling.

Battery-grade lithium meets the purity and impurity specifications required for battery manufacturing without additional purification, allowing Posco to supply material ready for use further down the battery supply chain.

The two companies signed a strategic memorandum of understanding Wednesday at Posco Center covering the battery-materials value chain from lithium supply to recycling.

Ronbay Technology is a major producer of high-nickel cathode materials and has been expanding into lithium iron phosphate (LFP), lithium manganese iron phosphate and sodium-ion battery materials.

Posco will supply lithium from three sources. Posco Pilbara Lithium Solution produces battery-grade lithium from ore, Posco Argentina produces it from brine and Posco HY Clean Metal recovers lithium from spent batteries.

The two companies plan to complete quality certification for battery-grade lithium hydroxide produced from ore by Posco Pilbara Lithium Solution by the fourth quarter. They will then work together to establish the basis for commercial-scale production.

Posco and Ronbay will also expand cooperation in recycling. Posco HY Clean Metal already supplies nickel, cobalt and manganese to Ronbay’s operations in China and to EMT, its precursor-material subsidiary in Korea.
 

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