LS Completes 5,000t-Scale 'Hwangsan Nickel' Plant... Strengthening Battery Material Business

Toricom Site in Asan-si, Chungnam
Gu Ja-eun "A Small but Meaningful First Step of the Journey"

On the 27th, LS Group completed the construction of a nickel sulfate production plant with an annual production capacity of 5,000 tons at the Toricom site in Asan-si, Chungnam, strengthening its core material business for next-generation electric vehicle batteries.

Toricom is a subsidiary of LS MnM, a non-ferrous metal materials company, and is the largest urban mining company in Korea, recycling precious metals such as gold, silver, platinum, and palladium, achieving sales of approximately 320 billion KRW last year.

LS MnM supplies crude nickel sulfate (nickel content over 18%) produced through the copper smelting process, and Toricom refines impurities and crystallizes it to produce nickel sulfate for secondary batteries (nickel content 22.3%).

On the 27th, at the 'Toricom Nickel Sulfate Plant Completion Ceremony' held in Asan-si, Chungnam, Koo Ja-eun, Chairman of LS Group, is directly inspecting the nickel sulfate production process.
[Photo by LS Group]

In addition to crude nickel sulfate, LS MnM plans to expand its nickel sulfate production capacity from the current approximately 5,000 tons (annual, nickel content 1,200 tons) to 270,000 tons (annual, nickel content 60,000 tons) by 2030 in three phases. To achieve this, LS MnM will secure additional raw materials such as MHP (nickel hydroxide precipitate) and black powder (pre-processed waste secondary battery material) through its global sourcing network built while operating the copper smelting business.

The nickel sulfate plant completion ceremony at Toricom was attended by Koo Ja-eun, Chairman of LS Group; Myung Noh-hyun, Vice Chairman of LS Corporation; Do Seok-gu, Vice Chairman of LS MnM; and Lee Won-chun, President of Toricom, who toured the production site and encouraged the employees.

On this day, Chairman Koo Ja-eun said, "The completion of this nickel sulfate plant is a small but meaningful first step in LS Group's future journey," and added, "We will spare no support for the growth of LS MnM and Toricom."

Meanwhile, LS MnM plans to enter the precursor business, a cathode material, establishing a value chain that uses all the nickel sulfate produced for its own precursor manufacturing, and pursue a strategy to secure differentiated competitiveness.

This content was produced with the assistance of AI translation services.