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

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South Korea-based steelmaker POSCO will invest US$830 million in a lithium hydroxide plant in Argentina. POSCO said it plans to boost its annual production capacity of lithium at home and abroad to 220,000 tons by 2030. POSCO developed an extraction technology for lithium in 2010.

Argentina 334
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POSCO begins construction of S Korea’s first lithium hydroxide plant

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—POSCO Group CEO Jeong-woo Choi The new lithium factory is anticipated to have an annual production capacity of 25,000 tons of lithium hydroxide—sufficient for manufacturing approximately 600,000 electric vehicles. The subsequent production of lithium hydroxide will take place in South Korea. Earlier post.)

Argentina 369
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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

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The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. In terms of annual EV production, Europe’s 1.1 Source: The ICCT. million nearly matched China’s 1.27

Global 397
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LG Energy Solution investing $1.7B to quintuple battery plant capacity in Michigan

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The two companies have a longstanding relationship, and GM acted as a key partner in bringing LG to Michigan in 2010. The Holland investment will fall under the LGES entity, which recently completed a record-breaking IPO in South Korea.

Michigan 334
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Finnish Minerals Group and Beijing Easpring cathode materials plant proceeding as planned

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Finnish Minerals Group and Beijing Easpring Material Technology have been investigating and negotiating the possibility to establish a cathode active materials (CAM) plant in Kotka, Finland with an initial capacity of 50,000 t/a and potential for future expansion for the production of cathode active material for lithium-ion batteries.

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CCM: Shanghai Energy investing US$790M to construct world’s largest Li-ion wet process separator production base

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China will account for more than 60% of the world’s production of wet-process separators for Li-ion batteries, with more than 10 billion square meters capacity, according to China-based market intelligence firm CCM. Shanghai Energy is now running 6 production lines. Its production capacity and growth rate both remain relatively small.

Li-ion 186
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Air Products Hydrogen Fueling Technology to Use Landfill Gas to Power Vehicles in S. Korea

Green Car Congress

Air Products has signed a contract with SK Energy to construct a hydrogen fueling station for a novel energy project to be based in World Cup Park in Seoul, South Korea. The hydrogen fueling station to be onstream in July 2010 will supply hydrogen produced solely from landfill gas to fuel a fleet of vehicles.

Hydrogen 240