What lithium asset did POSCO acquire, and how does it impact its total Argentine lithium holdings?

POSCO Holdings acquired full ownership of a lithium mining asset in Argentina—part of the Hombre Muerto North project—from Lithium South Development Corp. for USD$65 million; the asset contains an estimated 1.58 million tonnes of lithium resources, increasing POSCO's total Argentine lithium holdings to approximately 15 million tonnes.

Why is POSCO making this acquisition despite falling lithium prices and global oversupply?

POSCO is proceeding with the acquisition to strengthen its battery materials division and align with its long-term strategy for electric vehicle demand, even amid current global lithium supply glut and declining prices.

POSCO secures USD$65M Argentine lithium asset as global supply glut pressures prices

Apr 14, 2026

POSCO Holdings acquired full ownership of a lithium mining asset in Argentina for USD$65 million, adding 1.58 million tonnes to its resources. This strategic move strengthens its battery materials division despite current global oversupply.

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