Lithium supply: Posco to build $830m plant in Argentina
South Korean steel group makes its latest investment in battery materials
Posco has a test plant for lithium extraction at the Hombre Muerto salt pan in Argentina. The name is Spanish for "dead man." (Photo courtesy of Posco)
SEOUL -- Leading South Korean steelmaker Posco will spend $830 million on lithium production in Argentina as it seeks to become a major supplier of electric vehicle battery materials.
The steelmaker will build a plant near the Hombre Muerto salt pan, an Andes Mountains site that is a rich source of lithium.
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.
Celebrate our next chapterFind out more
Free access for everyone - Sep. 30