What lithium mines and stake did POSCO acquire, and how much lithium concentrate will it secure annually?

POSCO Holdings acquired a 30 percent stake in two of Australia's leading hard-rock lithium mines—Wodgina and Mount Marion—from Mineral Resources for US$765 million, securing a stable annual supply of 270,000 tons of lithium concentrate.

What strategic objective does this acquisition support for POSCO, and what broader initiative is it part of?

This acquisition supports POSCO's 'materials patriotism' strategy, which aims to localize the secondary battery materials supply chain and reduce reliance on third-party raw materials.

POSCO Completes $765M Deal for 30 percent Stake in Two of Australia’s Top Lithium Mines

May 4, 2026

POSCO Holdings finalized a $765 million agreement to acquire a 30 percent stake in two major Australian lithium mines, securing an annual supply of 270,000 tons of lithium concentrate to bolster its battery materials supply chain localization.

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