Industry
[From the scene] Posco bets big on Argentina saltwater to top battery materials market
Dec. 20, 2022
SALTA, Argentina -- When Posco purchased a 17,500-hectare salt lake in the Argentinian highlands of Salta four years ago, little did they know they would strike gold -- or something even better. Last year, a survey conducted by US consulting firm Montgomery & Associates found that the lake contains 13.5 million metric tons of lithium reserves, more than six times Posco’s initial estimate of 2.2 million tons in 2018. The Mars-like landscape, 4,000 meters above sea level and some 1,500 k