...more supply but more importantly or rather noteworthy
...more vertical integration
...from BYD to CATL to Ganfeng to POSCO, all producers of EV batteries would want to own their own lithium mines (in Ganfeng's case, it moved from lithium producer to enter into the EV battery production).
POSCO Holdings Completes Phase 1 of Argentina Lithium Plant, Strengthening Resource Independence and Global Market Reach
기자명 Choi Eun-nam
입력 2024.10.27 11:02
POSCO Holdings has achieved a major milestone in battery materials with the completion of South America's largest brine lithium plant, Phase 1, in Salta, Argentina. This new facility, with an annual production capacity of 25,000 tons, helps POSCO secure a stable supply chain for EV battery materials, reinforcing both domestic and international markets. POSCO plans to finish Phases 2 and 3 by 2025 and 2027, respectively, to reach a total annual lithium production capacity of 100,000 tons.
Securing Overseas Lithium Resources and Strengthening the Full Value Chain
Through the acquisition of full mining rights to Argentina’s salt flats, POSCO Holdings uses its proprietary lithium extraction technology to produce high-purity lithium hydroxide, a critical material for EV batteries. This step supports POSCO's comprehensive battery material value chain, which encompasses lithium, cathode materials, and recycling. The new facility also creates approximately 4,800 local jobs and establishes partnerships with regional suppliers, further contributing to local economic growth.
POSCO’s lithium extraction technology applies electrodialysis to efficiently produce high-purity lithium hydroxide, significantly reducing maintenance costs and boosting production efficiency.
