POSCO Holdings signs MOU with Alberta Investment Council to secure lithium from oil-field brine
POSCO Holdings signs MOU with Alberta Investment Council to secure lithium from oil-field brine
POSCO Holdings announced on the 8th that it
has signed a memorandum of understanding (MOU) with the Alberta Investment
Council (IAC) of Canada at the Canadian Embassy in Seoul to secure lithium from
"oil-field brine."
Oil-field brine is emerging as a new
lithium resource as it has a relatively low lithium content compared to
conventional brine resources, but large deposits have been reported in the
United States and Canada.
POSCO Holdings is looking for partners to
cooperate in developing resources such as lithium in oil-field brine in
Alberta, and plans to expand its supply chain of raw materials such as clay and
oil fields, as well as brine and ore lithium.
POSCO Holdings expects to secure a pivotal
role in the North American lithium market by strategically aligning with the US
Inflation Reduction Act (IRA) through the agreement with the IAC.
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