I'll throw you a bone SEOUL (Reuters) - POSCO (005490.KS), South...

I'll throw you a bone

SEOUL (Reuters) - POSCO (005490.KS), South Korea’s top steelmaker, said on Wednesday it will set up two joint ventures to produce lithium-ion battery materials with China’s Zhejiang Huayou Cobalt (603799.SS), one of China’s top cobalt producers.The China-based joint ventures will start production of precursors and cathodes from 2020, the steelmaker said.These ventures will help POSCO secure stable supplies of cobalt and other ingredients for lithium-ion battery materials, POSCO added.