Battery Sales
POSCO HOLDINGS has set out a blueprint to increase the sales of its secondary battery material business to 62 trillion won and produce more than 420,000 tons of lithium by 2030.
On July 11, POSCO HOLDINGS announced its medium- to long-term business plans at its 2023 Secondary Battery Material Business Value Day meting held at POSCO Center in the Gangnam district of Seoul.
More specifically, the plan is to achieve a lithium production capacity of 423,000 tons and sales of 13.6 trillion won (US$10.5 billion) by 2030. They aim to secure 240,000 tons of high-purity nickel and target sales of 3.8 trillion won.
Through the recycling business, they plan to secure a production capacity of 70,000 tons of materials such as lithium, nickel, and cobalt and achieve sales of 2.2 trillion won.
With the secured materials, they aim to establish a production system of 1 million tons of cathode material and target sales of 36.2 trillion won by 2030. For the anode material, they plan to achieve sales of 5.2 trillion won through a production system of 370,000 tons.
They also announced their plan to produce 9,400 tons of next-generation secondary battery materials and achieve total sales of 62 trillion won by 2030. This is an upward adjustment of 51% compared to last year.