POSCO Pilbara JV will supply lithium hydroxide to SK On

Published: Nov 30, 2024 01:18

Source: SMM

Save

SK On signed a three-year agreement with POSCO Pilbara Lithium Solution to secure up to 15,000 tons of domestically produced lithium hydroxide.

On 25 November, SK On signed a three-year agreement with POSCO Pilbara Lithium Solution to secure up to 15,000 tons of domestically produced lithium hydroxide.

The lithium hydroxide, produced at POSCO’s Gwangyang facility, originates from lithium spodumene mined in Australia by Pilbara Minerals through POSCO Pilbara Lithium Solution, a joint venture between POSCO Holdings (82%) and Pilbara Minerals (18%). The deal also includes an option to extend the agreement for another three years.

According to Pilbara, the first shipment of spodumene concentrate for POSCO Pilbara Lithium Solution’s Lithium Hydroxide Monohydrate (LHM) Chemical Facility departed Australia in September 2023. Since then, approximately 80,000 tonnes of spodumene concentrate have been shipped to South Korea from the port used by Pilbara.

New Energy Lithium Prices Battery Industry Lithium Resources

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

4 hours ago

1 Billion m²/Year Dry-Process Separator Project For Lithium/Sodium Batteries Lands In Nanning

Recently, Nanning Urban Construction Investment Group and Huahui New Material Technology Co., Ltd. signed an agreement for the lithium/sodium battery dry-process separator intelligent manufacturing project. The total investment for the project is approximately 500 million yuan. It plans to build a new production line with an annual capacity of 1 billion square meters of dry-process separators for lithium/sodium batteries. The project will introduce Guangxi's first new-generation dry-process uniaxial stretching and 4.2-meter-wide biaxial stretching battery separator production line. It is expected that upon reaching full capacity, the annual output value will be approximately 800 million yuan, creating 170 jobs, and establishing the first battery base film production base in Guangxi.

4 hours ago

22 hours ago

Seres Q1 NEV Sales Exceeded 78,000 Units, up 43.9% YoY

On April 1, Seres released its March production and sales report. The data showed that Seres' NEV monthly sales reached 22,706 units in March, up 20.74% YoY; cumulative sales for January to March this year reached 78,500 units, up 43.9% YoY.

22 hours ago

BYD: Sold 300,222 Units in March

On April 1, BYD released its March sales data, with monthly sales of 300,222 units, passenger vehicle and pickup exports of 119,591 units, and cumulative NEV sales exceeding 15.8 million units.

22 hours ago