Lithium – If proven successful, POSCO’s new lithium extraction technology may further lower the cost of production at brine deposits, widening their economic advantage over hard-rock deposits.
Iron – Reuters reported that ArcelorMittal (NYSE:MT) will sell its 15-percent stake — worth $1.1 billion — in ArcelorMittal Mines Canada, its Canadian unit, to a consortium that includes China Steel (TPE:2002) and South Korea's POSCO (NYSE:PKX).
Iron – Bloomberg reported Posco (NYSE:PKX) may buy a stake in ArcelorMittal Mines Canada Inc. (NYSE:MT) after canceling a bid for Arrium Ltd. (ASX:ARI).
Lithium – On the grounds that SQM should have been barred from the Chilean lithium concession competition, Li3 Energy has formally appealed to the country's mining ministry in hopes that it will rethink its decision to annul the tender and instead award the contract to the POSCO Consortium.
Lithium – Chile is counting on lithium operating contracts to significantly increase lithium production over the coming years as it aims to compete with leading producers like Australia and Argentina. The winner of the first contract will be announced on Monday, September 24.
Lithium – Chile is soliciting commercial interest in bidding for contracts to produce lithium.
Iron – Reuters reported Posco (NYSE:PKX) and other steelmakers are requesting iron ore producer return to yearly pricing contracts instead of changing prices with each exchange.
Iron – Reuters reported Marubeni Corp (TYO:8002), POSCO (NYSE:PKX) and STX Corp (SEO:01181) will buy 30 percent of an Australian iron ore project for A$3.5 billion.
Chromium – allAfrica reported that Posco (NYSE:PKX) signed an agreement for a stake in Maranatha in an effort to increase its ferrochrome supply.
Nickel – Bloomberg reports Posco (SEO:005490) plans to build a $448 million nickel refining unit in South Korea with its New Caledonian partner.
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