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Growing Appetite for Automotive Production to Spur Sales in Manganese Alloys Market, Valuation to Expand at 5.9% CAGR during 2019


Growing Appetite for Automotive Production to Spur Sales in Manganese Alloys Market, Valuation to Expand at 5.9% CAGR during 2019 - 2027: TMR
Proliferating Use in Numerous Industries Drive Prospects
The growing demand for manganese alloys in various end-use industrial applications is key to expanding revenue streams in the manganese alloys market. Grades of alloys are used in ships and boats construction, where the use of manganese imparts high tensile strength and hardenability. The use of manganese as alloys considerably improved the machinability of end-use applications of the steel industry. The unique combination of properties that manganese alloys results in lightweight automobile structures. The growing use of ferromanganese alloys in the steel industry has been driven by the rapid strides in steel manufacturing in some of the rapidly emerging economies of the world. ....

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Posco expands EV parts manufacturing capacity


Posco International Corporation, a subsidiary of South Korea s largest steelmaker, said it plans to expand its capacity to produce bipolar plates used in hydrogen fuel cell systems that power electric vehicles (EVs), according to local reports.
Posco plans to expand its capacity to produce bipolar plates at its Cheonan plant in South Korea to 10,000 tonnes per year by 2027, from 1,400 tonnes at present, in anticipation of rapid growth in global demand. This would be enough for 245,000 fuel cell electric vehicles, the company reportedly said in a statement.
The industrial giant has recently shifted its focus to supplying the growing global EV market. Last month the group s Posco Chemical Company subsidiary said it was investing KRW276bn (US$242m) to expand its production capacity of cathodes, a key component for EV batteries.  ....

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Digital Asset Custodian Komainu Closes $25M Series A to Expand Institutional Custody Offering


Digital Asset Custodian Komainu Closes $25M Series A to Expand Institutional Custody Offering
ST. HELIER, Jersey, March 9, 2021 /PRNewswire/
Komainu, a regulated digital asset custody services provider built by institutions for institutions, today announced the closing of a $25 million Series A fundraise. This new financing round will expand Komainu s global presence and accelerate growth plans. The $25M Series A was led by Alan Howard of Elwood Asset Management, with additional participation from Galaxy Digital, NOIA Capital and Nomura Research Institute (NRI), each of whom will act as strategic partners to the business.
Komainu was created as a joint venture between global investment bank Nomura, digital asset security firm Ledger, and digital asset investment house CoinShares ....

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