Lithium-Ion Battery-Related Projects Popping Up in South Korea

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Researched by Industrial Info Resources (Sugar Land, Texas)--South Korea's LG Chem, a leading global battery maker, and China's Huayou Cobalt Company have kicked off the construction of the cathode material plant for lithium-ion batteries in Gumi, South Korea. Once this plant built, LG Chem's cathode material production capacity will increase up to 200,000 tons in the year 2025. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for the detailed report.

Due to massive increase of the use of lithium-ion batteries, the global battery recycling market also is expected to grow. POSCO has already started to construct a lithium-ion battery recycling plant in Gwangyang, South Korea. The facility's recycling capacity will be 12,000 tons annually, and it will extract battery materials such as nickel and lithium. Subscribers can click here for the report.

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