LG Energy Solution Shares Drop 20% in a Month as Q4 Swings to Loss
LG Energy Solution shares plunged 20% in a month as Q4 is expected to swing to a loss, hit by the U.S. EV tax credit repeal and weak demand, though ESS battery orders surge.
POSCO Future M has shipped its first US-bound cathode materials made with domestically sourced precursors, meeting US supply chain rules amid tightening regulations on Chinese battery materials.
#YonhapInfomax #POSCOFutureM #CathodeMaterials #UltiumCells #SupplyChain #USMarket #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=76208
POSCO Future M Makes First Shipment of ‘Supply Chain-Independent Cathode Materials’ to US
POSCO Future M has shipped its first US-bound cathode materials made with domestically sourced precursors, meeting US supply chain rules amid tightening regulations on Chinese battery materials.
LG Energy Solution Completes Acquisition of GM Joint Venture Plant in US - Becomes Third Solo Factory
LG Energy Solution acquires GM joint venture plant in Michigan for $2.138 billion, expanding its US production capacity and enhancing investment efficiency
LG Energy Solution to Acquire GM Joint Venture US Plant for 3 Trillion Won - 'No Increase in Investment Costs'
LG Energy Solution to acquire GM joint venture's third US plant for $2.084 billion, emphasizing no additional investment costs and improved efficiency
Ultium Workers in Tennessee Win Their Union As Majority Sign Cards To Join the UAW
A majority of workers at Ultium Cells in Tennessee have signed cards to join the UAW and the company has agreed to recognize their union. Ultium, a joint venture of General Motors and LG Energy Solution, did not interfere with the decision by its 1,000 employees to join the UAW. The workers organized without facing threats or intimidation and won their union once a majority of workers signed cards.
#UAW announces contract at Lordstown #UltiumCells setting substandard pay standard for battery plant workers - World Socialist Web Site
#PayCuts #Strike
https://www.wsws.org/en/articles/2024/06/12/wguu-j12.html
UAW announces contract at Lordstown Ultium Cells setting substandard pay standard for battery plant workers
While the tentative contract is being hailed by the UAW and management it in fact is an abject betrayal.
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Peter Riley
Jude Jackson