POSCO and Ningbo Lygend Joint Hand to Build MHP Plant in Indonesia

Published: Feb 24, 2023 17:17

Source: SMM

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On February 24, POSCO Holdings Inc., the largest steel manufacturer in South Korea, stated that it had signed a preliminary agreement with Ningbo Lygend to produce nickel in Indonesia.

SHANGHAI, Feb 24 (SMM) - On February 24, POSCO Holdings Inc., the largest steel manufacturer in South Korea, stated that it had signed a preliminary agreement with Ningbo Lygend to produce nickel in Indonesia. It is reported that POSCO will build a plant with an annual output of 120,000 mt of MHP in Indonesia. In the initial phase, the two companies will build a plant with an annual nickel capacity of 60,000 mt, which is scheduled to be commissioned in 2025.

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