Chile would shortly begin accepting bids from local and foreign companies seeking to develop battery materials using discounted Chilean lithium provided by SQM.
Posco Mining News
Chile's development agency Corfo doesn't know whether the county we’ll ever make vehicles, but it would like to at least see battery parts produced locally.
POSCO's revenue in Q3 rose 9.1% from a year earlier to 16.4 trillion won, beating the analysts' estimate of 16 trillion won.
The $280-million deal gives POSCO a package of mining tenements for 17,500 hectares of land in the northern area of the Salar del Hombre Muerto salt flat in Argentina.
POSCO was privatised in 2000, but chief executives have previously been replaced when a new administration takes office.