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GM, POSCO Future M to boost investment at battery materials plant in Canada

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The companies said the new investment includes an additional CAM and a precursor facility for local on-site processing of critical minerals

The development comes a few days after the Canada’s federal government and the Quebec province each provided about C$150-million for the facility.

The companies last year established Ultium CAM joint venture, which is majority owned by POSCO Future M, and had initially invested about $327-million, according to media reports. Their battery facility in Becancour, Quebec, will produce cathode active material for electric vehicle batteries.Checking box will enable automatic data updates.

 

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