POSCO International Launches $16M Fund to Secure Rare Earth Supply Chain for EV Motors

Published: Mar 24, 2026 10:23

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POSCO International said on Monday that it was accelerating efforts to build a stable global supply chain for heavy rare earths, a key component in EV motors, by establishing its first corporate venture capital (CVC) fund. The company said it had set up a 25 billion won (about $16 million) CVC fund in partnership with POSCO Venture Capital, marking its first such initiative. As the fund’s first deployment, the company will invest 8 billion won in a China rare earth separation and refining specialist enterprise.

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