“When comparing the economic feasibility of the lithium hydroxide business, Korea is superior to Australia,” said a POSCO spokesman, pointing to the cost of the lithium hydroxide plants built by Tianqi and Albemarle at Western Australia’s Kwinana and Kemerton hubs respectively. “The investment cost per tonne of production in Korea is 40 per cent lower than the Kwinana and Kemerton projects in Western Australia ($US18,000 a tonne in Korea versus $US30,000 a tonne in Australia). “Construction in Korea is economically superior in terms of infrastructure such as securing manpower and procurement of auxiliary materials.” Traditionally known as a steel maker…