South Korean chemical company Posco Future M (KRX:003670) is considering selling its 10,000-ton capacity cathode materials plant in Gumi, Pulse News reported Friday, citing industry sources.
A company representative confirmed that the firm was exploring options for the plant's future use.
Established in 2012, the plant focused on lithium manganese oxide and nickel-cobalt-manganese cathode production but has been overshadowed by newer facilities in Gwangyang, Pohang, and joint ventures abroad, the report said.
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