{
  "id": 12572717,
  "title": "POSCO Holdings Expands Lithium Footprint in Argentina with Second Brine Plant",
  "url": "https://urgent.news/2026/10/07/posco-holdings-expands-lithium-footprint-in-argentina-with-second",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-07T07:30:18.000Z",
  "source": {
    "name": "Korea IT Times",
    "slug": "korea-it-times",
    "url": "https://www.koreaittimes.com/news/articleView.html?idxno=157902"
  },
  "original_language": "en",
  "account": "POSCO Holdings has expanded its lithium footprint in Argentina by completing the second phase of its lithium brine plant. Located near the Hombre Muerto salt lake, the facility is set to produce a combined 48,000 tons of lithium carbonate annually, including the 25,000-ton capacity of the first plant. The company invested $954 million in the second facility. The lithium carbonate will be processed into battery-grade lithium hydroxide at a downstream plant in Korea, which is expected to be completed in 2027. When fully operational, the two plants will produce a total of 50,000 tons of lithium brine annually. POSCO has been developing its lithium extraction technology since 2010 and acquired mining rights to the Hombre Muerto salt lake in 2018. The company received government incentives and a short-term borrowing facility to support its operations in Argentina. The expansion aims to secure critical battery minerals and capture growing demand for lithium in the battery market, including lithium iron phosphate (LFP) batteries and energy storage systems. POSCO's strategy also includes building a more balanced product portfolio that includes both lithium hydroxide and lithium carbonate.",
  "summary": "POSCO Holdings is accelerating its push into the global lithium market after completing the upstream portion of its second lithium brine plant in Argentina, strengthening the foundation for an annual production capacity of 50,000 tons of lithium hydroxide.The company held a completion ceremony on October 6 at the Hombre Muerto salt lake in Argentina, located at an elevation of around 4,000…",
  "key_points": [
    "POSCO expands second lithium brine plant in Argentina near Hombre Muerto salt lake",
    "Facility to produce 48,000 tons of lithium carbonate annually with first plant's 25,000-ton capacity",
    "Investment of $954 million and downstream plant in Korea for battery-grade lithium hydroxide"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}