article thumbnail

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.

Argentina 333
article thumbnail

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.

Argentina 334
article thumbnail

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. Volume produced will be marketed by each shareholder based on their respective shareholding in the project. Background.

Argentina 335
article thumbnail

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.)

Argentina 369
article thumbnail

Bass Metals to acquire San Jorge lithium brine project in Argentina

Green Car Congress

Australia-based Bass Metals has signed a binding term sheet to acquire Blackearth SA which holds an option to acquire the san Jorge Lithium Project located in Catamarca province, Argentina. UBS is now forecasting an 11-fold increase to 2030 in the amount of lithium required, as well as a 7-fold increase in the amount of natural graphite.

Argentina 243
article thumbnail

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.

article thumbnail

Shell starts production at Vito in US Gulf of Mexico; new, simplified design

Green Car Congress

Shell Offshore, a subsidiary of Shell plc, has started production at the Shell-operated Vito floating production facility in the US Gulf of Mexico (GoM). Shell reached an FID on Whale in 2021 and is currently scheduled to begin production in 2024. Shell is the leading operator in the US Gulf of Mexico for oil and gas production.

Mexico 221