POSCO Completes Second Argentina Lithium Plant

POSCO Holdings completed an upstream facility at its second lithium brine plant in Argentina, with a $954 million investment. The plant has a 23,000-tonne annual lithium carbonate capacity, bringing the company's total to 48,000 tonnes. POSCO plans to expand production to 50,000 tonnes by 2027 and aims for 100,000 tonnes by 2033 with additional plants. The company signed an MOU with local governments for further investments.

POSCO Future M signed a long-term deal with Samsung SDI to supply KRW 6 trillion worth of lithium iron phosphate cathode materials from 2027 to 2032, more than doubling the initial 190,000 tonnes agreed in August. The companies also expanded their cooperation to include LMO cathode and artificial graphite anode materials.

POSCO Holdings completed the upstream process of its second lithium plant in Argentina, with an annual production capacity of 23,000 tons of lithium carbonate. The company invested $954 million and plans to expand further, aiming for 100,000 tons annually by 2033. The lithium carbonate will be processed into battery-grade lithium hydroxide in South Korea.

POSCO Holdings completed the upstream section of its second lithium plant in Argentina, with a $954M investment and 23,000-ton annual capacity. The company plans to expand with third and fourth plants, aiming for 100,000 tons of production by 2033. POSCO Argentina secured government incentives and a $700M credit line, supporting its growth strategy in the lithium market.

POSCO Holdings completed its second lithium plant in Argentina, boosting annual lithium carbonate production to 48,000 tons. The company invested $954 million in the project and plans to expand capacity to 100,000 tons by 2033. Lithium hydroxide production will reach 50,000 tons annually by 2027. POSCO aims to strengthen its position in the critical minerals supply chain.

POSCO, a South Korean steel and battery-materials group, opened a 23,000-tonne lithium carbonate plant in Argentina. The plant is part of its Sal de Oro project and is expected to ramp up production gradually through 2027. POSCO reported US$138 million in September exports and has committed US$98 million in investments under Argentina's RIGI incentive regime.