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| Posco Lithium Mineral Resources |
Mineral Resources Sells 30% Stake to POSCO
POSCO lithium JV investment accelerates as Australia’s Mineral Resources sells a 30% stake for $765 million. The new joint venture includes Wodgina and Mt Marion lithium mines. MinRes retains operational control, ensuring continuous production. Meanwhile, POSCO secures proportional spodumene concentrate, supporting its downstream processing expansion in South Korea.
Strategic Implications for Lithium Supply
As a result, POSCO enhances its lithium supply amid rising global demand for electric vehicles. Wodgina, one of the world’s largest hard-rock lithium deposits, partners with Albemarle, while Mt Marion partners with China’s Ganfeng Lithium. This partnership strengthens POSCO’s long-term resource security and positions it competitively in the Asia-Pacific battery market.
Regulatory and Market Outlook
The deal awaits approval from Australia’s Foreign Investment Review Board. Therefore, market analysts expect POSCO lithium JV investment to influence pricing, downstream processing plans, and strategic sourcing. Consequently, the transaction signals intensified competition for high-quality lithium assets globally.
ScrapInsight Commentary
POSCO’s acquisition ensures stable lithium supply for South Korea’s battery expansion. The transaction underscores strategic consolidation in Australia’s lithium sector. Regulatory approval will determine timing, while global EV demand continues to drive market dynamics.
