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POSCO Holdings begins construction of $830M lithium plant in Argentina

Green Car Congress

Korea-based POSCO Holdings recently started construction of a lithium commercialization plant in Argentina. POSCO Group is the first to produce lithium hydroxide for batteries in Argentina throughout the entire process from the acquisition of mining rights to exploration, construction and operation of a production plant. Earlier post.)

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Chinese steel group Tsingshan investing $375M to build lithium plant in Argentina with Eramet

Green Car Congress

China’s Tsingshan , the world’s largest producer of stainless steel, will invest $375 million to build a lithium plant in Argentina with French multinational mining and metallurgy company Eramet. interest, and will retain operational management responsibility; its partner Tsingshan is financing the plant construction in exchange for 49.9%

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POSCO begins construction of S Korea’s first lithium hydroxide plant

Green Car Congress

Korea) of the country’s first lithium hydroxide plant, which will produce secondary battery materials using lithium produced from brine in Argentina. POSCO Pilbara Lithium Solution, a wholly-owned subsidiary of POSCO Holdings, will be responsible for the financing, construction, and operation of the plant. Earlier post.)

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President of Mexico nationalizes lithium

Green Car Congress

A number of foreign companies are interested in developing lithium deposits in Mexico; in September 2022, the finance ministry valued the lithium deposit in Sonora state as worth as much as 12 trillion Mexican pesos (US$653 billion, currently). World leaders Bolivia, Argentina and Chile hold 21Mt, 19Mt and 9.8Mt.

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GM leads $50M funding round in EnergyX; advanced lithium extraction and refining technology

Green Car Congress

GM Ventures is leading a $50-million Series B financing round in EnergyX , and has entered into a strategic agreement to develop EnergyX’s lithium extraction and refinery technology. Earlier post.) his single bottleneck (a massive lithium shortage) is the biggest challenge to scaling EV production.

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Toyota Tsusho to acquire 15% stake in lithium miner Orocobre for US$232 million

Green Car Congress

Toyota Tsusho and Orocobre have been long-term partners in the development of the Salar de Olaroz Lithium Facility in Jujuy Province in northern Argentina, a lithium brine project, which was brought into successful production in 2014. Demand growth to date has seen the lithium price more than doubled in the past few years.

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The Lithium Race Has Been Red-Flagged In Argentina

The Truth About Cars

The lithium sector in South America’s "lithium triangle," which spans Argentina, Chile, and Bolivia, has long been central to the global race for extracting the battery metal needed for electric vehicles. This has been driven by oversupply and weaker-than-expected demand for EVs, impacting profitability and financing across the sector.