Koo Ja-eun: “LS MnM will open up the future with a new vision and businesses” ... Battery materials plant completed

[Financial News] LS Group Chairman Koo Ja-eun emphasized growth through a new vision and businesses for LS MnM, which is marking its 90th anniversary. On the 10th, LS MnM announced that it had completed a battery materials plant at its Onsan Smelter in Ulsan, with annual nickel sulfate production capacity of 24,000 tonnes on a nickel-metal basis, and that it plans to expand its business from copper smelting into battery materials and resource recycling.
At the LS MnM 90th Anniversary Celebration and Battery Materials Onsan Plant Completion Ceremony held that day at the Onsan Smelter in Ulju County, Ulsan, Chairman Koo said, “I congratulate LS MnM on its 90th anniversary; it is the starting point of LS Group’s energy infrastructure value chain and plays a pivotal role in ‘Vision 2030.’ I believe LS MnM will open up a bright future with a new vision and businesses.”
About 150 people from the local community and industry attended the event, including LS MnM Board Chairman Ja-Kyun Koo, LS MnM CEO Koo Dong-hwi, and Ulsan Mayor Kim Sang-wook.
On its 90th anniversary that day, LS MnM unveiled its new vision, “RISE beyond 100.” Its plan is to improve the profitability of its existing smelting business while expanding into strategic metals and across the battery-materials value chain, from sourcing raw materials through production and recycling.
The battery materials Onsan Plant, completed that day, occupies a site of about 95,007 square meters. It is an integrated production facility capable of processing both mixed hydroxide precipitate (MHP), a nickel intermediate, and black mass, a feedstock for recycling spent batteries.
The plant has annual nickel sulfate production capacity of 24,000 tonnes on a nickel-metal basis, enough for about 500,000 electric vehicles. It also plans to produce precursor materials such as cobalt sulfate and manganese sulfate, as well as lithium hydroxide for cathode materials, and supply them to battery-materials companies including LS-L&F Battery Solution.
LS MnM, which began as the Janghang Smelter in 1936, is an LS Group affiliate that produces nonferrous metals such as copper cathodes, gold, and silver. It has been pursuing a battery-materials business since 2023, and recorded consolidated revenue of about 14.9424 trillion won last year.

[email protected] Kim Mi-hee Reporter