The headquarters of South Korea’s top steelmaker POSCO in Seoul. (Yonhap)
SEOUL, Feb. 14 (Korea Bizwire) — POSCO Holdings Inc., South Korea’s top steelmaker, said Tuesday it has signed a memorandum of understanding with an Australian firm to look into a lithium project in the United States.
Under the non-binding pact, POSCO and Jindalee will launch joint research on Jindalee’s wholly owned McDermitt lithium project in Oregon.
POSCO will develop optimal lithium processing technologies by using samples offered by Jindalee and look into the validity of the project, according to the steelmaker.
POSCO is constructing a 43,000-ton lithium processing plant in South Korea to extract lithium from ore and used batteries. The steelmaker also plans to build similar plants in Argentina.
POSCO has been diversifying its business portfolio from steelmaking to resources supply, especially resources used for batteries.
(Yonhap)
