Chairman Choi Jeong-woo says, "Lithium is the core business that will drive the group's future growth"
POSCO Group Chairman Choi Jeong-woo met with Alberto Angel Fernandez at the presidential palace in Buenos Aires, the capital of Argentina, on March 21 (local time) to discuss cooperation between POSCO Group and the Argentine government in secondary battery materials business.
The meeting took place ahead of the groundbreaking ceremony for a lithium plant in Argentina.
POSCO Group acquired Argentina's Hombre Muerto Salt Pan in 2018 and is set to start the construction ceremony of a commercialization plant on March 23 after three years of verification of infrastructure and demo plants necessary for local production.
Chairman Choi said, "This year marks the 60th anniversary of diplomatic relations between the two countries, so the Presidential meeting and groundbreaking ceremony are all the more meaningful," adding, "The POSCO Group is the first Asian steel company to declare carbon-neutral 2050."
He also said, “In particular, lithium, an essential material for electric vehicle batteries, is a key business area that will drive POSCO Group's future growth, and cooperation at the Argentine government level is essential.”