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Business

Posco Moves Into Lithium Chemicals

by Jean-François Tremblay
February 22, 2016 | APPEARED IN VOLUME 94, ISSUE 8

The South Korean steel producer Posco has broken ground for a lithium chemicals plant in Salta, Argentina. The plant will have the capacity to make 2,500 metric tons per year of refined lithium salts that can be used in lithium-ion batteries. Salta is on the edge of a huge salt flat, Salinas Grandes, that covers 6,000 km2. With the investment, Posco will join a small group of companies worldwide, including the U.S. firms FMC and Albemarle, that produce battery-grade lithium salts.

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