Argentine Foreign Minister Santiago Cafiero signed an agreement in Seoul with steel company Posco, whereby the South Korean company will invest US$ 1.7 billion for the production of lithium carbonate in the provinces of Salta and Catamarca.
Argentine President Alberto Fernández Monday welcomed a group of executives from South Korean company POSCO (Pohang Iron and Steel Company) who are in the country to build a commercial lithium plant in the province of Salta. POSCO is the world's sixth-largest steel producer.
Posco Argentina's CEO KwangBok Kim Wednesday announced an US $ 830 million investment after a meeting with Cabinet Chief Juan Manzur. Also present at the gathering was company director SungKook Chung.
Korea’s POSCO major forestation project in Uruguay has been accredited by the United Nations as helping offset the steel-maker's huge carbon footprint. The Korean steel-maker registered the CDM (Clean Development Mechanism) business with the UN Framework Convention on Climate Change (UNFCC) to earn carbon credits through its afforestation project in Uruguay.