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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.

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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

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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. The two companies have partnered before, with the Weda Bay Nickel project in Indonesia. Background.

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Rio Tinto to invest USD 350 million in Argentina lithium project – ET Auto

Baua Electric

The company purchased the Rincon project from Rincon Mining in 2022 for USD 825 mn, and plans to develop a battery-grade lithium carbonate plant with an annual capacity of 3,000 tons. The country’s lithium production increased more than 45% from 2022 to 2023, according to the U.S. Geological Survey, reaching 9,600 metric tons.

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Nissan investing $600M in Argentina; domestic production of new pick-up

Green Car Congress

Nissan Motor will invest $600 million in Argentina and will become an Original Equipment Manufacturer (OEM) with the domestic production there of an all-new NP300 Frontier pick-up. This production line alone, will generate approximately 1,000 direct jobs, and another 2,000 indirect. Earlier post.)

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Toyota Tsusho venture starts full-scale lithium production at Salar de Olaroz, Argentina

Green Car Congress

an Argentine lithium development company in which it owns a stake, has officially started lithium production at Salar de Olaroz in Jujuy Province, northwestern Argentina. The company plans to produce 17,500 tons of lithium carbonate annually. This plant has now starts commercial production. Earlier post.).

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

Green Car Congress

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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