Refile: Posco Future M plans to build LFP cathode factory in Korea for energy storage systems
15/12/2025 23:37
Corrects spelling of "lithium" in paragraph 1 SEOUL, Dec 16 (Reuters) - South Korea's Posco Future M said on Tuesday its board has approved a plan to build a lithium-iron-phosphate (LFP) cathode materials factory in South Korea for energy storage systems with a target annual capacity of 50,000 tons, according to an emailed statement. The plant will be built through an investment by a joint venture with China's CNGR Advanced Material Co., the company said. (Reporting by Heejin Kim Editing by Ed Davies) ((Heejin.Kim@thomsonreuters.com;))
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