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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 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.

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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. The establishment of the lithium hydroxide plant is part of POSCO Holdings’ investment in Argentina’s lithium resources, which was announced in October last year. Earlier post.)

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

Baua Electric

Global miner Rio Tinto will invest USD 350 million at its Rincon lithium plant in Argentina as it works to begin production by the end of the year, the company said this week following Chief Executive Jakob Stausholm ‘s visit to the site. Geological Survey, reaching 9,600 metric tons.

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KABIL Secures $24 Million Lithium Exploration Deal in Argentina | Autocar Professional

Baua Electric

In a move aimed at bolstering its lithium reserves and fostering the development of lithium mining and downstream sectors, India’s state-owned Khanij Bidesh India (KABIL) has inked a significant lithium exploration deal in Argentina. This includes initiatives in countries like Australia, Argentina, and Chile.

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Ford builds 150,000th Mustang Mach-E; on sale in 37 countries

Green Car Congress

Ford has produced its 150,000 th Mustang Mach-E electric vehicle since starting production nearly two years ago, a significant milestone as the company scales EV production to a rate of 600,000 annually by late 2023 and more than 2 million annually by 2026.

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GlobalData: Global lithium production to triple over the next four years

Green Car Congress

High growth in demand for lithium batteries is spurring three-fold growth in mine production of lithium over the next four years, with 86kt of new lithium metal capacity coming on stream, according to data and analytics company GlobalData. Identified lithium resources in Argentina are 9.8 million tons.

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