article thumbnail

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.

Argentina 333
article thumbnail

POSCO to invest $830M in lithium hydroxide plant in Argentina

Green Car Congress

South Korea-based steelmaker POSCO will invest US$830 million in a lithium hydroxide plant in Argentina. Earlier in 2021 year, POSCO broke ground on a lithium hydroxide plant in South Korea with an annual production capacity of 43,000 tons of lithium hydroxide—enough to manufacture about 1 million electric vehicles, according to POSCO.

Argentina 334
article thumbnail

POSCO accelerates production of lithium in Argentina with early stage 2 investment

Green Car Congress

POSCO Holdings has moved up the scheduled investment in the second stage of a lithium production operation in Argentina from next year to now, due to increased demand for lithium amid booming investment in the secondary battery sector resulting from the “Inflation Reduction Act ” in the United States. billion (about KRW 1.5

Argentina 150
article thumbnail

From 2016-2019, > 90% of lithium imported to US came from Argentina and Chile

Green Car Congress

Although use of these minerals is not restricted to battery production for EVs, they are nonetheless important for meeting the increasing demand for EV production. From 2016-2019, more than 90% of the lithium imported to the United States came from Argentina (55%) and Chile (36%).

Chile 445
article thumbnail

Major advancements in lithium production made in Argentina

Innovation News Network

Learn more about the importance of the Rincon and Antofalla salars in northwest Argentina for global lithium production. The post Major advancements in lithium production made in Argentina appeared first on Innovation News Network.

Argentina 105
article thumbnail

Eramet Inaugurates Its Direct Lithium Extraction Plant in Argentina

CleanTechnica EVs

continued] The post Eramet Inaugurates Its Direct Lithium Extraction Plant in Argentina appeared first on CleanTechnica.

Argentina 119
article thumbnail

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. Our decision to carry out our lithium project in Argentina is in line with the dynamic of strong market growth. Background.

Argentina 335