What is the purpose and source of the $700 million credit secured by POSCO for its Argentina lithium project?

The $700 million credit is a short-term loan provided by IDB Invest — the private-sector arm of the Inter-American Development Bank Group — to support POSCO Holdings' lithium business expansion in Argentina, specifically to inject working capital into the 'Sal de Oro' lithium project during its critical capacity-ramping phase.

What are the key technical and economic features of POSCO's Sal de Oro lithium project in Argentina?

Located at the Hombre Muerto salt flat on the border of Salta and Catamarca provinces, the Sal de Oro project features exceptionally high lithium concentration of 921 mg/L — among the highest globally — and substantial proven resources; it includes an already operational lithium hydroxide plant and a carbonate lithium plant under construction, the latter benefiting from Argentina’s RIGI investment incentive program; upon full operation, it is projected to produce approximately 48,000 tons of battery-grade lithium products annually and generate around 620 permanent jobs.

POSCO Secures $700M Credit for Argentina Lithium Expansion

Sep 7, 2026

POSCO Holdings secured up to $700 million in credit from IDB Invest to expand its Sal de Oro lithium project in Argentina. The funds support capacity ramp-up for a facility targeting 48,000 tons of annual battery-grade lithium production.

ccin

2026-08-28

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

2026-09-07

POSCO Secures $700M Credit for Argentina Lithium Expansion

POSCO Secures $700M Credit for Argentina Lithium Expansion

FAQ