POSCO Expands Lithium Supply Chain With Australia-Argentina Deals

Key Takeaways POSCO Holdings is investing KRW 1.1T to secure premium lithium resources in Australia and Argentina. The firm will obtain a stable lithium concentrate supply from major Australian mines via its new stake deal. POSCO Holdings also bought Lithium South's Argentine unit to expand its brine-based lithium portfolio. POSCO Holdings, Inc. (PKX) recently announced a total investment of KRW 1.1 trillion to secure premium lithium resources in Australia and Argentina, strengthening its raw-material suppl ...