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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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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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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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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

Green Car Congress

South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Incorporated in 2018, Global Lithium was listed on the Australian Stock Exchange last year.

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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. The global Renault-Nissan Alliance will serve as a tool to kick-off Nissan’s manufacturing operations in the country.

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GM to invest $450M in Argentina

Green Car Congress

General Motors will invest $450 million between 2013 and 2015 to expand its Rosario Automotive Complex to build an all-new global Chevrolet vehicle, Chairman and CEO Dan Akerson said Wednesday. GM Argentina produced a record of more than 136,000 vehicles at its Rosario facility in 2011. —Isela Costantini.

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