Australia battery metals players eye S Korea market prospects

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SYDNEY :The heads of Australian battery metals firms emerged from meetings with South Korea's president in Sydney on Tuesday saying they hope to out-muscle China and become a key supplier to Korean companies developing batteries for electric vehicles.The aspiring metals miners met President Moon Jae-in during

SYDNEY :The heads of Australian battery metals firms emerged from meetings with South Korea's president in Sydney on Tuesday saying they hope to out-muscle China and become a key supplier to Korean companies developing batteries for electric vehicles.

"Customers want to know where cobalt, indeed all their metals, are coming from and be given assurance it's not coming from somewhere that's unsustainable," said Joe Kaderavek, head of cobalt developer Cobalt Blue Holdings Ltd, after meeting Moon.

Western allies have moved to reduce their dependence on China amid heightened concern about Beijing's control over the critical minerals sector.

 

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