POSCO Holdings Secures Stake in Australian Lithium Mine with $765 million Investment

Published: May 6, 2026 19:41

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POSCO Holdings said on April 30 that it signed a lithium mine equity investment agreement worth around $765 million, or KRW 1.1 trillion, with Australian mining and mining services company Mineral Resources in Perth, Australia.

The deal details POSCO Holdings’ Australian lithium mine investment plan announced in November last year.

Under the agreement, POSCO Holdings and Mineral Resources will establish an intermediate holding company, in which POSCO Holdings will acquire a 30% stake.

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