POSCO Secures $700 Million Credit Facility for Argentine Lithium Project
South Korean steelmaker POSCO Holdings obtained a $700 million credit line from the Islamic Development Bank to fund its lithium extraction operations in Argentina.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Low (19/100)Sources
Posco Holdings secures W1tr line of credit for Argentina lithium push
Posco Holdings said Friday it had secured an 1 trillion won ($728 million) line of credit from the Inter-American Development Bank Group (IDB Group) for its Argentina lithium project, advancing its effort to build a China-free critical mineral supply chain. Posco Argentina — the company’s local lithium production subsidiary — received approval for a short-term credit facility from IDB Invest, the private sector arm of the IDB Group. Posco Holdings highlighted that IDB Invest highly acknowledged
By The Korea Herald
Read full article →POSCO secures US$700 mln IDB credit facility for Argentina lithium project
SEOUL, Aug. 28 (Yonhap) -- South Korean steelmaker POSCO Holdings Co. said Frida...
By Kim Eun-jung
Read full article →