Nice reading: https://www.australianresourcesandinvestment.com.au/2022/08/30/pilbara-minerals-a-lithium-trailblazer-with-the-world-at-its-feet/
Pilbara Minerals: A lithium trailblazer with the world at its feet
Alongside the Calix JV, which has the additional backing of a $20 million grant from the Australian Government as part of the Modern Manufacturing Initiative (MMI), Pilbara Minerals is also advancing its downstream JV with POSCO.Having completed the JV in April, the two will share interest (Pilbara Minerals 18 per cent, POSCO 82 per cent) in a 43,000-tonne-per-annum (tpa) lithium hydroxide conversion facility in Gwangyang, South Korea.Major construction on the facility was planned to commence from the June quarter of 2022, with construction of the first train of the conversion facility to be completed by mid-2023 and the second train to be completed approximately three months later.Production is set to commence from the second half of 2023, and Pilbara Minerals will supply 315,000tpa of its spodumene concentrate product from Pilgangoora for processing at the facility.“We’re really proud of our involvement with POSCO,” Henderson said. “It was four-and-a-half years’ worth of work in consummating that joint venture, and what it means for Pilbara and our shareholders is we’re a part owner in a lithium chemical conversion plant in South Korea.
We will supply POSCO plant with 315ktpa from second half of 2023 which also means P680, P1000 shouldn't be off schedule. PLS will and for sure increase its tonnage significantly in the coming years as planned.
Good News & Bad News, page-14213
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