PROCESSING

GM, POSCO to build cathode plant in Quebec

Construction on the facility will begin immediately.

GM and POSCO will build a factory in Quebec to produce cathode active material.

GM and POSCO will build a factory in Quebec to produce cathode active material.

U.S. carmaker General Motors and South Korean steelmaker POSCO will build a factory in Quebec to produce cathode active material, to be used in GM's Ultium batteries for electric vehicles.

The C$500 million factory will be based in Becancour. Construction on the facility will begin immediately. GM and POSCO are working with the governments of Canada and Quebec in constructing the facility.

The factory will be owned by the joint venture of the two companies, with POSCO holding the majority share.

At the factory, workers will process CAM, which has components including processed nickel, lithium and other materials.

"With this new processing facility in Becancour, GM will help lead the EV battery supply chain while also launching Canada's first full EV manufacturing plant in Ingersoll, Ontario later this year," Scott Bell, chief executive of GM Canada, said.

GM will source materials for the battery from several mines in the U.S. It will secure lithium from Controlled Thermal Resources' Hell's Kitchen project in California.

It will also source alloy flakes from MP Materials, which has plans to create North America's first processing site for the material.

GM and POSCO announced the joint venture in December. The plant is expected to open in 2024.

The battery material will be provided to factories under construction by GM and LG Energy Solution in Ohio and Tennessee.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalog of 2022 Initial Resource Estimates and recent discovery successes.