Posco to build a lithium factory in South Korea

Posco has announced plans to build a factory in Gwangyang, South Korea, to extract lithium hydroxide for electric car batteries.Asian Metal CopyrightKorean company says that the plant will have an annual production capacity of 43,000 tonnes of lithium hydroxide, which it says will be enough for around one million electric vehicles.Asian Metal Copyright The company also plans to invest in Argentina to further its electric vehicle ambitions.

The construction of the Gwangyang plant is expected to start in the first half of 2021 and be completed in 2023. The S.Asian Metal CopyrightKorean company says that the plant will have an annual production capacity of 43,000 tonnes of lithium hydroxide, which it says will be enough for around one million electric vehicles.Asian Metal CopyrightKorean company says that the plant will have an annual production capacity of 43,000 tonnes of lithium hydroxide, which it says will be enough for around one million electric vehicles.Asian Metal CopyrightKorean company says that the plant will have an annual production capacity of 43,000 tonnes of lithium hydroxide, which it says will be enough for around one million electric vehicles.Asian Metal Copyright The spodumene will be sourced from a plant in Australia.
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