00:03korea's zinc refiner just turned into an urban mining giant korea zinc's silver sales alone
00:10topped 4 trillion won this half with operating profit up 151 percent hyundai's eighth generation
00:18avante logged 10 000 contracts on its first day of sales and posco future m locked in a 190 000
00:26long-term cathode material supply deal it's friday august 7th let's take a look at a key development
00:33in korea's industry sector korea zinc has spent years building furnace technology to extract silver
00:40and other byproducts from ore that used to go to waste turning its refineries into what the industry
00:46calls urban mines hyundai timed the avante redesign to capture demand before rising material costs
00:53squeeze margins further and posco future m is racing to lock in customers as battery makers compete for
01:00cathode material contracts tied to north american ev and energy storage demand here's what the numbers
01:07show korea zinc posted a 151 percent jump in operating profit this half with silver sales alone exceeding
01:154 trillion won silver now makes up 64 of korea zinc's non-ferrous metal sales overtaking zinc as the
01:23company's core revenue driver hyundai's eighth generation avante racked up 10 000 contracts within a single day of
01:31launch posco future m signed a 190 000 ton long-term supply deal for lfp cathode material bound for north
01:40american
01:41battery and energy storage customers hd hyundai construction equipment added new renewable energy
01:47purchase agreements to accelerate its re 100 target so what does this mean for global supply chain
01:54managers tracking korea's industry sector earlier we said korea zinc's silver sales alone topped four
02:01trillion won this half here's what that actually means for you korean refiners are shifting their
02:07competitive edge away from base metals and toward by-product recovery technology that's harder for
02:13rivals to replicate combined with hyundai's strong avante demand and posco future m's battery material
02:20contracts korea's industrial base is doubling down on high-value manufacturing even as chinese
02:27competitors undercut on price that's today's ai prism industry daily this episode was produced with ai
02:35assistance based on seoul economic daily reporting and reviewed by a human editor ai prism is a juan ifra
02:42award-winning series we'll be back tomorrow
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