Posco Acquires $765M Stake in Australian Lithium Mines
South Korean conglomerate Posco Holdings has finalized a $765 million deal to acquire a 30% stake in two lithium mines operated by Australia’s Mineral Resources Ltd. The joint venture will provide access to the Mount Marion and Wodgina lithium mines, which together are expected to produce enough lithium hydroxide annually for over 900,000 electric vehicles.
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Topics: Battery Materials EV Supply Chain Joint Venture Lithium Mining