Australia's MinRes to sell 30% lithium JV stake to POSCO for $765 mln

Core Viewpoint - Australia's Mineral Resources will divest a 30% stake in its operational lithium business to South Korea's POSCO Holdings for $765 million, establishing a new joint venture [1] Company Summary - The transaction involves a 30% stake in the lithium business, indicating a strategic partnership with POSCO Holdings [1] - The valuation of the stake sold is $765 million, highlighting the significant financial implications for both companies involved [1] Industry Summary - The deal reflects ongoing trends in the lithium market, where partnerships and joint ventures are becoming increasingly common as companies seek to capitalize on the growing demand for lithium in electric vehicle batteries and renewable energy storage [1]