Posco Chemical Ready to Export Cathodes with Government Approval
Posco Chemical Ready to Export Cathodes with Government Approval

Posco Chemical Ready to Export Cathodes with Government Approval

  • 27-Jan-2023 3:30 PM
  • Journalist: Jung Hoon

SEOUL: Posco Chemical Co, a major producer of secondary battery materials from South Korea, has obtained government approval to export their technologies related to producing cathodes - an essential component in electric vehicle cells. The private-public committee for industrial technology protection under the Trade, Industry and Energy Ministry gave the decision earlier this month. This is great news for those looking to develop more advanced electric vehicle batteries.

South Korea has made a groundbreaking decision to label 75 different industrial technologies as "National Core Technologies" that are subject to strict security clearance for export. As part of the new initiative, Posco Chemical will gain access to high-Nickel cathodes containing more than 80% Nickel content. This approval could give the company an opportunity to expand its global presence in North America and other regions.

South Korea's Posco Chemical has announced a joint venture (JV) with General Motors Co, Ultium CAM, to construct a cathode plant in Quebec, Canada by 2024. Its parent company, Posco Holdings Co., and Chinese counterpart Huayou Cobalt have also invested in the project, led by Zhejiang Posco-Huayou New Energy Co., which plans to increase production capacity from its current 5,000 tonnes up to 35,000 tonnes by 2025.

Posco Chemical has been supplying material to some of South Korea's top battery manufacturers such as LG Chem, Samsung SDI and SKI. As its largest shareholder, the global steel giant Posco gives it an edge over other South Korean battery material suppliers as it is the only company that offers both cathode and anode products.

Huayou Cobalt is a leader in the Li-ion battery industry. With an extensive product portfolio of Lithium and Cobalt-based materials, it is one of the largest Chinese suppliers for such products. It offers these materials that are used in various kinds of Li-ion batteries, allowing Huayou to remain one of the top material suppliers in the global market.

Related News

Defense Metals Signs Landmark MoU for Wicheeda Rare Earth Project
  • 29-Apr-2025 10:45 PM
  • Journalist: Emilia Jackson
LG Energy Solution and Derichebourg Join Forces to Establish Major Battery Recycling
  • 29-Apr-2025 10:15 PM
  • Journalist: Emilia Jackson
Singapore Durapower Eyes US Manufacturing to Fuel Global Expansion
  • 28-Apr-2025 7:00 PM
  • Journalist: Francis Stokes
Stellantis and Factorial Energy Achieve Breakthrough in Solid State Battery Technology
  • 25-Apr-2025 10:15 PM
  • Journalist: Motoki Sasaki

We use cookies to deliver the best possible experience on our website. To learn more, visit our Privacy Policy. By continuing to use this site or by closing this box, you consent to our use of cookies. More info.