Nickel ore (Courtesy of Getty Images) South Korean trading firm LX International Corp. said on Tuesday that it has acquired a 60% stake in Indonesian miner PT Adhi Kartiko Pratama (AKP) for 132.9 billion won ($99.8 million) to secure key minerals for secondary batteries. The trading firm,
Nickel ore rock (Courtesy of Getty Images) LX International Corp., the trading unit of South Korea’s LX Group, said on Tuesday it is slated to acquire a 60% stake in Indonesian miner PT Adhi Kartiko Pratama (AKP) at 132.9 billion won ($101.3 million) to produce nickel, a core material for
The Korean Fair Trade Commission said on Monday that it had conditionally approved LX International Corp.'s bid to acquire Hankuk Glass Industries (HanGlas). Given that LX will see its market share in the architectural coated glass market shoot up to more than 50% once the deal goes through, t
LX International LX International Corp., the trading unit of South Korea’s LX Group, has seen its enterprise value rise by two-thirds over the past three months, driven by gains from its investment in an Indonesian coal mine and a cryptocurrency.Shares of LX International, listed on Korea