# POSCO Future M to build $300M NCA cathode plant in Pohang, South Korea

POSCO Future M will invest 392 billion won ($300 million) to build its first NCA cathode materials plant with annual capacity of 30,000 tons in Pohang, South Korea. Construction starts in H1 2023, production from 2025.

- Type: New facility
- Announced: 2023-03-21
- Where: Pohang, North Gyeongsang Province, South Korea, South Korea
- Value: $300.0M
- Starts operating: 2025
- Status: announced
- Capacity: 30,000 tons per year
- Products: NCA cathode materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [POSCO Future M](https://endata.com/companies/69225.md)

## Sources

- [kedglobal.com](https://www.kedglobal.com/us/chemical-industry/newsView/ked202303210013), 2023-03-21: "POSCO Future M on Tuesday said it will build its first plant solely for cathode materials made of nickel, cobalt and aluminum (NCA)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.