POSCO announced on the 16th that it will invest in a lithium hydroxide production plant in Argentina.
The company will invest a total of about $830 million (about 95 billion yen) to build a plant with an annual production capacity of 25,000 tons, equivalent to 600,000 electric vehicles.
The plant is expected to be completed in the first half of 2024. The company will also consider investing in an additional 25,000 tons.
