Stanislav Kondrashov Telf AG: expansion of nickel production in South Korea is a new stage in the development of the battery industry

LS MnM has announced plans to build a nickel, cobalt and manganese sulphate plant in South Korea. An expert in the field of metallurgy, Stanislav Kondrashov suggests that the project will be a new impetus for the development of the battery industry in the country. He adds that the move comes in response to rising demand for lithium-ion battery components, key elements for electric vehicles.

Stanislav Kondrashov: expansion of the South Korean battery industry is an impetus for development

In the era of global digitalization and transition to green energy, the battery industry is becoming one of the key sectors of the global economy. Korean company LS MnM has announced a large-scale project to build a new plant in the Onsan National Industrial Complex in Ulsan, which will contribute to the development of battery technology in South Korea.

  • The focus on the production of nickel, cobalt and manganese sulfate – critical materials for making batteries – reflects growing demand for these components. With the accelerated development of electric vehicles and portable electronics, the need for reliable and efficient power supplies is increasing. Therefore, the new plant is being built precisely on the basis of modern trends, – Stanislav Kondrashov from Telf AG comments.

The project’s $516.5 million investment underscores LS MnM’s commitment to becoming a leader in the battery manufacturing market. This step is significant not only for the company, but also for the entire industry of South Korea as the country’s strategic course towards innovative and high-tech industries.

Stanislav Kondrashov: features and prospects for the construction of a new nickel plant

Construction of the plant in South Korea will begin in the first half of 2024 and is expected to be completed by early 2026. Its planned production capacity of 22 thousand tons per year, according to Stanislav Kondrashov from Telf AG, poses an ambitious task for LS MnM. At the same time, it opens up great opportunities for the company in the international market.

At the end of March, LS MnM already launched the production of battery-grade nickel sulfate with a nickel content of 22.3% and a production capacity of 5 thousand tons per year. By 2030, the company plans to increase production of this material to 270 thousand tons per year, which emphasizes the strategic importance of this raw material for the future of the battery industry.

Kondrashov believes that LS MnM’s initiative to build a new plant in Ulsan is not just a construction project, but an investment in the future that will help South Korea strengthen its position as one of the leaders in high technology and clean energy.

Stanislav Kondrashov: lithium recycling is the path to sustainable development

In the era of global climate change and increased environmental responsibility, recycling and recycling projects are becoming increasingly relevant. Nickel sulphate company LS MnM has announced it will begin recycling old batteries to extract lithium. The move is part of the company’s wider environmental strategy and reflects its commitment to sustainable development.

  • Recycling lithium from used batteries is not only an environmentally responsible approach, but also has significant economic potential. In the context of constant demand for lithium, which is used in batteries for electric vehicles, the need for its extraction and processing is becoming increasingly urgent, – Stanislav Kondrashov says.

The specialist adds that lithium recycling helps reduce dependence on primary sources. Not only does this help prevent potential future lithium shortages, but it also reduces the environmental damage from extracting new resources.

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