Posco Future M to build cathode material plant in S.Korea with 30,000 T capacity
20/03/2023 23:54
SEOUL, March 21 (Reuters) - Posco Future M announced on
Tuesday it would invest 392 billion won ($301.19 million) to
build a cathode materials plant in Pohang, South Korea, with an
annual capacity of 30,000 tonnes.
The company, previously known as Posco Chemicals, said
construction is set to begin in the first half of 2023 with
plans for production and sales starting in 2025.
($1 = 1,301.5100 won)
(Reporting by Hyunsu Yim; Editing by Muralikumar Anantharaman)
((Hyunsu.Yim@thomsonreuters.com;))
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