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

Published: Mar 24, 2026 10:23

Save

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.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

13 mins ago

NdFeB Blank Production Rises in May 2026, Stable Outlook for June

[SMM Rare Earth Permanent Magnets News Flash] According to the SMM survey, NdFeB blank production in May 2026 was 32,727 mt, with an industry average operating rate of 76.56%, up 0.38% MoM and 14% YoY. Production in June is expected to be 32,402 mt, flat MoM.

13 mins ago

58 mins ago

Off-Season Dragged Down Rare Earth Prices in May, Pr-Nd Oxide and Dysprosium Oxide Saw Significant Declines — How Will the Market Evolve? [SMM Monthly Analysis]

58 mins ago

7 hours ago

US and India Sign Critical Minerals Agreement for Supply Chain Security

[SMM Rare Earth News Flash] The US and India signed a bilateral critical minerals framework agreement in New Delhi, aiming to establish a strategic partnership for supply chain security in mining and processing. The agreement was signed by US Secretary of State Rubio and Indian External Affairs Minister Jaishankar during the Quad Foreign Ministers' Meeting, covering the entire chain including mining, processing, refining, recycling, and joint financing. The agreement was based on the "Forum for Resource Geostrategic Engagement" (FORGE) launched in February 2026, aiming to reduce dependence on a single source. India possesses over 13 million mt of monazite rare earth resources and is accelerating the enhancement of its processing capabilities.

7 hours ago