{"id":313037,"date":"2025-11-13T21:21:54","date_gmt":"2025-11-14T01:21:54","guid":{"rendered":"https:\/\/inspenet.com\/noticias\/minres-and-posco-consolidate-alliance-to-strengthen-lithium-production-in-australia\/"},"modified":"2025-11-14T08:58:00","modified_gmt":"2025-11-14T12:58:00","slug":"minres-and-posco-consolidate-alliance-to-strengthen-lithium-production-in-australia","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/minres-and-posco-consolidate-alliance-to-strengthen-lithium-production-in-australia\/","title":{"rendered":"MinRes and POSCO consolidate alliance to strengthen lithium production in Australia"},"content":{"rendered":"\n

Mineral Resources <\/strong>(MinRes<\/em>) and POSCO Holdings<\/strong> have signed an agreement to form a new joint venture focused on lithium production<\/strong> in Australia. The alliance will allow the Korean firm to acquire a 30% stake in MinRes’ lithium operating assets, including an indirect position in the well-known Wodgina <\/strong>and Mt Marion<\/strong> mines <\/strong>. <\/p>\n\n

A strategic agreement for lithium exploitation and production<\/h2>\n\n

POSCO Holdings<\/em> will pay US$765 million for a one-third stake in the new entity, equivalent to an indirect 15% interest in each field. This investment brings the combined valuation of the assets to around US$3.9 billion. <\/p>\n\n

MinRes will hold the remaining 70% and continue to operate both mines under the current agreements, in collaboration with Albemarle Corporation<\/strong> at Wodgina and Jiangxi Ganfeng Lithium<\/strong> at Mt Marion.<\/p>\n\n

As part of the agreement, POSCO will receive spodumene concentrate<\/a><\/strong> in proportion to its shareholding. This resource will be essential to feed future lithium processing<\/strong> facilities, aligning with the Korean group’s strategy to expand its presence in the battery materials sector. <\/p>\n\n

Both companies maintain ties through the Onslow Iron project<\/strong>, establishing mutual trust. This history of cooperation was a decisive factor in advancing a partnership that seeks to respond to the growing demand for hard rock lithium, driven by the global transition to electric mobility. <\/p>\n\n

With the closing of the deal scheduled for the first half of 2026, MinRes <\/strong>plans to use the funds received to reduce external debt and consolidate its financial position. The transaction is seen as a major step forward in its strategy of capital recycling and sustainable growth. <\/p>\n\n

It also represents the first investment by a Korean company in Australian lithium sources<\/strong>, strengthening bilateral ties between the two countries on strategic minerals. Australian authorities have endorsed the pact, highlighting its role in diversifying the global supply chain and boosting new industrial developments. <\/p>\n\n

With this move, POSCO <\/strong>consolidates its commitment to the energy materials business, while MinRes <\/strong>reaffirms its leadership as a world-class asset operator. Both companies aim to maximize the potential of Wodgina and Mt Marion, positioning them as benchmarks in the competitive global lithium market. <\/p>\n\n

Source and photo: Minerals Resources<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

With the closing of the agreement scheduled for the first half of 2026, MinRes plans to use the funds received to reduce external debt and consolidate its financial position.<\/p>\n","protected":false},"author":8404,"featured_media":313006,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13030,13060],"etiqueta_noticias":[],"class_list":["post-313037","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-industry","categoria_noticias-mining"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/313037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/8404"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=313037"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/313037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/313006"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=313037"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=313037"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=313037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}