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LG Chem and Huayou Cobalt's Korean joint venture will produce nickel, cobalt, manganese and aluminum cathodes
Release time：2024-09-12click：0
According to foreign media reports on January 10, the joint venture between LG Chem and Huayou Cobalt in South Korea will produce nickel cobalt manganese aluminum (NCMA) cathodes, and the factory will start construction next week.
The news that the joint venture between LG Chem and Huayou Cobalt in South Korea will produce nickel-cobalt-manganese-aluminum cathodes was first reported by South Korean media.
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Judging from Korean media reports, the joint venture between LG Chem and Huayou Cobalt is called LG BCM and will be located in Gumi City, South Korea. The nickel and cobalt produced by this joint venture Manganese aluminum cathode, the nickel content will exceed 80%.
In the report, Korean media also mentioned that LG BCM’s nickel-cobalt-manganese-aluminum cathode factory will also be built in Gumi City. Construction will start next week with an estimated investment of 475.4 billion. South Korean won, equivalent to about 396 million U.S. dollars. After completion, it is planned to produce 60,000 tons of cathodes per year.
The production of nickel-cobalt-manganese-aluminum cathodes is not the first cooperation between LG Chem and Huayou Cobalt. Their joint venture is currently producing NCM622 (nickel-cobalt-manganese) cathodes or nickel content below 60%. the positive pole.
(Original title: LG Chem and Huayou Cobalt’s Korean joint venture will produce nickel-cobalt-manganese-aluminum cathodes)
