Replies to post #2951 on Lithium Americas Corp (LAAC)

[hondobud]

These guys going to pull the trigger on the Posco/WLCDF JV soon or waiting on Kwon appointment or Argentina politics to settle out? I would think Posco would like to arrive at this EV expo with their lithium JV in hand.

[hondobud]

Overlordpeter posted this awhile ago Post #2951.

I am wondering if post Kwon Oj-joon appointment on March 14 there will be significant news finally arriving for us as far as mining financing and development as part of his tenure kick-off.

POSCO’s new Chairman Kwon-joon, who is scheduled to take office on March 14, has decided on electric vehicles (EVs) as his company’s future growth driver. POSCO and its subsidiaries are planning to create new business opportunities in the EV industry by working on automobile steel sheets, auto parts, and battery materials...............

POSCO is concentrating as well on the development of lithium, which is a key material for secondary batteries, magnesium used in vehicle frames and panels, and neodymium permanent magnets for use in motors. The company will set up a pilot plant in Argentina in this context...............

Just reading tea leaves here.