Terrific partners for Li3 and WML JV-POSCO
- See more at: https://www.businesskorea.co.kr/english/news/industry/13848-lithium-production-posco-build-large-scale-lithium-production-plant-argentina#sthash.iRSKL8Za.dpuf POSCO’s high-efficiency lithium extract technology, which was developed with support from the energy resource technology development project led by the Ministry of Trade, Industry and Energy in 2010, doesn’t require a large area of salt farm compared to the conventional evaporation and extraction method, and is less affected by climate changes. Since there is very little loss when extracting lithium, it is possible to extract the same amount of lithium, compared to the conventional process, even with using a less quantity of salt water. Therefore, it is an economical and environmentally friendly technology.
The world's lithium market has grown to 170,000 tons last year from 70,000 tons in 2002. It is a promising market that is projected to grow to 270,000 tons by 2020. Of this, the high-purity lithium to be produced by POSCO by the same year will be 135,000 tons, accounting for a half of the whole market. However, the domestic rechargeable battery manufacturers are recently suffering from unstable supply and demand and price increases since they depend entirely on imports for lithium.
- See more at: https://www.businesskorea.co.kr/english/news/industry/13848-lithium-production-posco-build-large-scale-lithium-production-plant-argentina#sthash.iRSKL8Za.dpuf