POSCO approves definitive agreement with Australia’s Anson for North American DLE project

Published: May 14, 2026 18:58

Save

According to Anson on May 14, both Anson’s board and POSCO Holdings’ board have approved the terms of a definitive agreement to build and operate a DLE demonstration plant.

The two companies will build the demonstration plant at the Green River Lithium Project site in the Paradox Basin in Utah, the United States. Through the demonstration plant, lithium will be extracted from brine produced from Anson’s Bosydaba #1 well.

The companies aim to sign the final agreement within the second quarter and begin operating the plant next year. They plan to carry out demonstration work through 2028 to secure DLE technology.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Hyundai Motor publicly supports Indonesia’s policy to expand EV incentives for nickel use

According to Indonesian state news agency Antara and other local media on May 14, Chief Operating Officer of Hyundai Motor Indonesia (HMID), met with reporters the previous day at an event in Jakarta announcing the winners of the “FIFA World Cup 2026 Test Drive Campaign.” He said, “Since establishing the Karawang battery cell plant, we have had a clear goal of maximizing the use of Indonesia’s nickel resources,” adding that “directly utilizing these resources in industry is a way to contribute to the national economy, and Hyundai Motor fully supports the government’s plan to expand incentives.”

1 hour ago

Canada begins development of North America’s largest graphite mine

According to Bloomberg on May 13 local time, Canadian mining company Nouveau Monde Graphite is expected to formally approve plans this week at its shareholders’ meeting to develop a graphite mine in Saint-Michel-des-Saints, Quebec, and build concentration and refining facilities. The project aims to start operations by the end of 2028. At the shareholders’ meeting, a plan to raise a total of USD 645 million in external funding for the project was approved.

1 hour ago

3 hours ago

C&D Inc. Signed Cooperation Memorandum with CATL

[C&D Inc. and CATL Signed Strategic Cooperation Memorandum] Xiamen C&D Inc. and CATL signed a strategic cooperation memorandum. The two parties will leverage overseas investment as a bond to conduct in-depth cooperation across the upstream and downstream of the new energy industry.

3 hours ago