Pilbara Minerals-POSCO complete Korean lithium facility construction

Pilbara Minerals (ASX: PLS) and POSCO Holdings celebrated the completion of their joint chemical facility in Gwangyang, Korea, last Friday, making this the country’s first lithium hydroxide plant and one of the few lithium chemical producers outside China.

The ceremony, attended by Korean Prime Minister Han Duck-soo, and POSCO Group Chairman, Chang In-Hwa, marked the conclusion of construction of Train 2 of the lithium hydroxide monohydrate chemical facility, which comprises Train 1 and Train 2.

The facility has the potential to produce up to 43,000tpa of lithium hydroxide at full capacity, enough to make batteries for around one million electric vehicles, with Pilbara Minerals having an 18% equity stake in the project.

The WA miner, which aims to become a fully-integrated battery minerals supplier, will also supply spodumene concentrate from its Pilgangoora operation under a long-term offtake agreement.

Pilbara Minerals non-executive director Steve Scudamore AM extends his congratulations on the milestone.

“I acknowledge our joint venture partner, POSCO Holdings, and everyone who has played a role in building this outstanding facility, as well as the Pilbara Minerals team who produce the raw materials at our Pilgangoora Operation in WA,” he said.

“Our partnership with POSCO began six years ago in 2018 with a bold vision to diversify global battery chemicals production.

“We are looking forward to continuing our long and prosperous partnership with POSCO in the many years to come.

“Together, we are working to make a difference in the world by enabling a cleaner and more sustainable energy future.”

Ramp up of Train 2 is anticipated within 12–18 months of the completion of commissioning.

Ramp up of production for Train 1 commenced in 2024 with certification for the battery-grade lithium hydroxide monohydrate underway with multiple South Korean customers.