What is the purpose of POSCO Argentina's $700 million loan approved by IDB Invest?

The $700 million short-term loan line approved by IDB Invest on August 4 is intended to enable POSCO Argentina SAU to stably secure working capital for its lithium brine plant 1 and plant 2—both located at the Sal de Vida salt lake in Argentina and scheduled for completion in the second half of the year—thereby strengthening the company's financial stability during project development and ramp-up.

How does POSCO's lithium project in Argentina align with its broader corporate strategy and international partnerships?

POSCO's lithium business is designated as one of its three key growth sectors under the 'strategic' pillar—alongside rare earths—and supports South Korea and Argentina's joint effort to build a critical minerals supply chain, following their memorandum of understanding signed on July 31; the Sal de Oro project (in Salar del Hombre Muerto) and the Sal de Vida project are both integral to this strategic focus, with the loan facilitating development, start-up, and gradual production ramp-up.

POSCO Eyes Swift Development of Argentina Lithium Business with $700M Loan

Aug 28, 2026

POSCO Holdings secured a $700 million loan from IDB Invest to accelerate its brine lithium project in Argentina. This funding supports working capital for upcoming plant completions and strengthens the South Korea-Argentina critical minerals supply chain.

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