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

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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

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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. The two companies have partnered before, with the Weda Bay Nickel project in Indonesia. Eramet will control the project, with a 50.1%

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

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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 million tons.

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President of Mexico nationalizes lithium

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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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Mexico forms state-run company to mine lithium: Litio para Mexico

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Mexico has formed a state-run company called Litio para Mexico (LitioMx) to mine the country’s lithium. million tons of identified lithium resources, ranking the country 10 th in the world behind Bolivia, Argentina, Chile, the US, Australia, China, Congo, Canada and Germany. According to the USGS, Mexico has 1.7

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Ford CEO Fields elected to IBM Board of Directors

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The IBM board of directors elected Mark Fields, president and chief executive officer, Ford Motor Company, to the board effective 1 March 1, 2016. Mark led the highly successful transformation of his company in a competitive industry where technology has driven innovation.

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Global geothermal industry passes 12,000 MW operational

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In 2013, new geothermal geologic studies or exploration moved forward in places as diverse as American Samoa, Argentina, Armenia, Australia, Azerbaijan, El Salvador, Ethiopia, Indonesia, Japan, Malaysia, Rwanda, Saudi Arabia, St. Vincent and the Grenadines, Taiwan, Thailand, Uganda, the United States, and Yemen.