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#POSCO has begun constructing a plant to extract and process #Lithium, a key raw material for electric car batteries, in #Argentina, the world’s fourth-largest steelmaker said Monday.

When completed by the end of this year, the facility will produce about 2,500 tons of high-purity lithium annually, which will be enough to manufacture more than 60,000 #ElectricCar batteries. It takes about 40 kilograms of highly-purified lithium to make one #Battery.

Read more at: http://www.koreatimes.co.kr/www/news/biz/2016/02/123_198006.html