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Photo courtesy of Yonhap News |
[Alpha Biz= Kim Jisun] SEOUL, November 12, 2025 — POSCO Holdings announced on Wednesday that it will invest a total of ₩1.1 trillion (US$765 million) to secure high-quality lithium assets in Australia and Argentina, reinforcing its competitiveness in secondary battery materials.
The investment forms part of POSCO Group’s global battery materials strategy, which prioritizes early access to top-tier resources to ensure both cost efficiency and supply chain stability in the fast-growing electric vehicle (EV) sector.
On November 11, POSCO Holdings finalized an agreement to acquire a 30% stake in a newly established mid-holding company owned by Mineral Resources Ltd., a leading Australian mining firm. The deal, valued at approximately US$765 million (₩1 trillion), grants POSCO access to lithium concentrates from the Wodgina and Mt. Marion mines in Western Australia — two of the world’s most productive lithium operations.
Through the partnership, POSCO will secure 270,000 tons of lithium concentrate annually, enough to produce around 37,000 tons of lithium hydroxide, sufficient for batteries powering approximately 860,000 electric vehicles.
Beyond stable offtake rights, POSCO’s strategic equity participation enables involvement in mine management and profit-sharing through dividends. The company also plans to expand into lithium refining operations as global demand accelerates.
In addition to its Australian investment, POSCO Holdings is accelerating efforts to secure high-grade brine lithium assets in Argentina, further diversifying its global lithium portfolio and reinforcing its position as a key player in the EV materials value chain.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
