[Ferro-Alloys.com] 

South Korea offers $29 billion in aid to battery makers amid metals war

South Korea unveiled a 38 trillion won ($29 billion) financial package over the next five years aimed at helping local electric-vehicle battery makers diversify their supply chains as the US calls for a reduced reliance on China.

To speed up the recycling ecosystem in the country, Korea will also relax rules on the handling of second-hand batteries and will set up new safety rules on removing, storing and shipping spent cells.

• [Editor:邢亚敏]