The remaining Yellow Corp properties are expected to be sold for hundreds of millions of dollars over the coming months, said a person familiar with the process.
In the past, such delays tended to be related to maintenance work, and, as such, were mostly short-lived, but there is little relief in sight in the months ahead.
The Cheongju, South Korea-based firm inked a contract December 1 with Samsung to supply cathode-active materials worth 43.8 trillion won ($33.5 billion) between 2024 and 2028.
The promise aligns with commitments made by the Group of Seven (G7) developed nations to bring an end to unabated coal-fired power generation as soon as possible.