Posco to invest USD200 million to produce nickel, a critical EV battery material
Posco plans to ramp up production of nickel and lithium to 100,000 tons and 220,000 tons respectively by 2030
Korean steelmaker Posco plans to invest USD200 million (230 billion won) in building a nickel sulfate refining facility with an annual production capacity of 20,000 tons to cater to the fast-growing secondary EV battery materials market, Korean news publication Pulse News said in a report.
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