POSCO begins producing high-purity nickel for batteries
2021-08-30 13:16:13 [Print]
POSCO has begun production of high-purity nickel - required for secondary batteries - at SNNC. SNNC is a JV established with SMSP, the largest nickel exporter in New Caledonia, in 2006, and was Korea's first specialized ferronickel manufacturer engaged in producing and selling ferronickel (nickel 20%, iron 80%).
POSCO's investment of 230 billion KRW (US$198 million) in SNNC is adding the capability for refining high-purity nickel, with plans to produce 20 thousand tons (only nickel contents) per year by 2023. The 20 thousand tons of materials from the factory can support 500,000 EVs, POSCO said.
POSCO plans to manufacture and sell 99.9% purity nickel materials made from 75% purity nickel mattes through its wet refining process. SNNC, which will continue to produce ferronickel, will produce nickel mattes produced via an iron removal process.
POSCO's investment of 230 billion KRW (US$198 million) in SNNC is adding the capability for refining high-purity nickel, with plans to produce 20 thousand tons (only nickel contents) per year by 2023. The 20 thousand tons of materials from the factory can support 500,000 EVs, POSCO said.
POSCO plans to manufacture and sell 99.9% purity nickel materials made from 75% purity nickel mattes through its wet refining process. SNNC, which will continue to produce ferronickel, will produce nickel mattes produced via an iron removal process.
Ferro-nickel 1.5%min EXW China
Unit:RMB/mt
China ferronickel producers' suspension number statistics by province by month
Unit: pcs
