Posco-backed group invests in lithium technology startup EnergyX

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Posco-backed group invests in lithium technology startup EnergyX
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Bruce Cockburn: 50 years of music, spirituality and social justice | SaltWire - A consortium led by South Korean conglomerate Posco Holdings is investing in lithium technology startup EnergyX as it considers more efficient ways to produce the battery metal for the green energy transition.

As part of the deal, South Korea's Elohim Partners and IMM Investment Global will invest in EnergyX's $50 million Series B funding round. Posco, which invests through those funds, will work with EnergyX to help its technology reach commercial production, the companies said. Posco said last year that it would invest $4 billion in Argentina and that it aims to produce 100,000 metric tons of the metal there by 2026, an amount that would likely make it South America's largest producer. Allkem, Livent and others produce lithium nearby.

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