Posco, South Korea, Will Set Up A Battery Material Joint Venture With China's Huayou Cobalt

- Jan 26, 2018-

Posco, South Korea's largest steelmaker, said on Wednesday that it would form two joint ventures with one of China's largest cobalt producers, huayu cobalt, to produce lithium-ion battery materials.

韩国浦项钢铁将与中国华友钴业组建电池材料合资公司

Posco said the two Chinese joint ventures would start producing precursors and cathode in 2020.

Posco also said the joint ventures would help posco secure a stable supply of cobalt and other lithium-ion battery materials.