Posco completes second Argentina lithium plant

What happened: Posco Holdings completed its second brine lithium plant in Argentina, near the Salar del Hombre Muerto, with a ceremony Monday attended by Chair Chang In-hwa and Argentine officials. Key numbers: About $954 million invested in the second plant's upstream portion. Second plant capacity: 23,000 tons of lithium carbonate a year. Why it matters: Posco says the project advances its goal of becoming a resource development company and securing stable critical mineral supply for South Korean industries. Chang signed an MOU with Salta and Catamarca to pursue third and fourth plants.

Posco Holdings completed its second brine lithium plant in Argentina, near the Salar del Hombre Muerto, with a ceremony Monday attended by Chair Chang In-hwa and Argentine officials.

Posco says the project advances its goal of becoming a resource development company and securing stable critical mineral supply for South Korean industries. Chang signed an MOU with Salta and Catamarca to pursue third and fourth plants.