Posco Holdings invests $765m in Australian lithium

Posco Holdings said Sunday it has signed a stake investment deal in Australian lithium mines as it moves to strengthen its raw material supply chain for battery materials. The company said it had recently agreed to invest about $765 million in a lithium mining project with Mineral Resources, an Australian mining and mining services firm. The deal follows Posco Holdings’ announcement in November of its plan to invest in Australian lithium assets. Under the agreement, the two companies will establ

By The Korea Herald