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POSCO’s Argentine Salt Lake Contains More Lithium Reserves than Expected

POSCO’s Argentine Salt Lake Contains More Lithium Reserves than Expected

SEOUL, Oct. 23 (Korea Bizwire) — South Korea’s top steelmaker POSCO said Wednesday that its salt lake in Argentina contains more lithium reserves than its original calculation, allowing the company to safely secure a key commodity for making electric vehicle batteries. POSCO said its latest exploration of the Salar del Hombre Muerto salt lake in [...]

Steelmakers Zero In on Materials for Eco-friendly Vessels

Steelmakers Zero In on Materials for Eco-friendly Vessels

SEOUL, Sept. 30 (Korea Bizwire) – South Korea’s steelmakers are looking at core materials used for environmentally friendly vessels ahead of the implementation of a new environmental regulation by the International Maritime Organization (IMO) as part of their efforts to diversify its product portfolio and beef up profitability, industry observers said Monday. The IMO will [...]

POSCO Completes Cathode Plant in China

POSCO Completes Cathode Plant in China

SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s largest steelmaker POSCO said Thursday it has completed the construction of a facility in China to produce cathode material, a key component for electric vehicle (EV) batteries. POSCO said its joint venture with Huayou Cobalt, China’s largest cobalt producer, in Tongxiang, Zhejiang Province of China, will begin [...]

POSCO’s Cryogenic Manganese Steel Earns Gov’t Approval for LNG Tank Use

POSCO’s Cryogenic Manganese Steel Earns Gov’t Approval for LNG Tank Use

SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s top steelmaker POSCO said Tuesday its cryogenic high manganese steel (HMS) has earned government approval as a material reliable for manufacturing land-based liquefied natural gas (LNG) storage tanks. POSCO completed the development of world’s first cryogenic HMS in 2013 after six years of research. The company said [...]

POSCO Develops New Technology to Speed Up Construction

POSCO Develops New Technology to Speed Up Construction

SEOUL, Aug. 8 (Korea Bizwire) — POSCO Co., South Korea’s top steelmaker, has developed a new construction technology that allows builders to add up to three stories at a time. The company said Wednesday that the “P-Box Pillar and Reinforced Concrete Beam Jointing Method,” developed with its customers, has been designated as a new technology [...]