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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. 

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