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POSCO's Argentine Lithium Lake Valuation ‘Meaningless,’ Experts Say - Businesskorea
businesskorea.co.kr
The stock price of POSCO surged after it revealed that cumulative sales of lithium from the lithium salt lake of Hombre Muerto in Argentina would reach 35 trillion won (about US$31 billion). POSCO acquired the lake for US$280 million from Galaxy Resources of Australia in August 2018. But some experts downplayed POSCO’s estimation.
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