High-nickel NCA cathode material plant, South Korea
Name of the Project
High-nickel NCA cathode material plant.
Location
The plant will be built in Yeongil Bay, Pohang, South Korea.
Project Owner/s
POSCO Future M.
Project Description
The plant will be the company’s first dedicated high-nickel NCA production facility. NCA cathode material is made of lithium, nickel, cobalt and aluminium as raw materials, which allows for high battery density and power output to maximise efficiency.
The plant will have a production capacity of 30 000 t/y.
Potential Job Creation
Not stated.
Capital Expenditure
¥392-billion.
Planned Start/End Date
Construction started in April 2023 and the plant will start mass-producing products in 2025.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
POSCO Future M, tel +82 054 290 0114.
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