LS MnM to establish organometallic compound factory for secondary batteries in Ulsan, producing nickel sulfate, etc. = South Korea

On the 23rd, LS Group's copper smelting company LS MnM (formerly LS Nikko Copper) announced that it will invest in the construction of a factory to manufacture organometallic compounds for secondary batteries in Ulsan.
announced that it has signed a memorandum of understanding (MOU) with The investment scale will be 670 billion won (approximately 76,963,430,000 yen). The two
Build a factory for next-generation battery materials. Here, by linking the refining equipment for mixed hydroxide, an intermediate raw material for nickel, and the refining equipment for black mass, which pre-processes waste batteries, we are able to achieve high production efficiency.
Strive to become The plant will produce 22,000 tons of nickel sulfate, cobalt sulfate and manganese sulfate each year. In addition, the lithium contained in the black mass is recovered in a separate process and then oxidized.
It will also produce lithium. Construction of the factory is expected to begin in the first half of 2024, with completion expected in early 2026. The new plant will be located near LS MnM's Onshan smelter and will utilize the infrastructure of an existing copper smelter.
We can expect cost reduction effects. It is also expected that related industries will be able to utilize the wet and dry refining technology and raw material procurement network that LS MnM has accumulated over the years.
``With this investment, we have the opportunity to become a global company that leads the field of raw materials for secondary batteries,'' said To Seok, vice chairman of the company.