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POSCO to Buy 30% Stake in Mineral Resources' Lithium Business in $765 Million Deal; Shares Up Pre-Bell
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POSCO to Buy 30% Stake in Mineral Resources' Lithium Business in $765 Million Deal; Shares Up Pre-Bell
Nov 12, 2025 2:10 AM

04:36 AM EST, 11/12/2025 (MT Newswires) -- POSCO Holdings ( PKX ) has entered into a binding agreement to acquire 30% of Mineral Resources' operational lithium business under a new incorporated joint venture for $765 million in cash, Mineral Resources said Wednesday.

The joint venture will hold Mineral Resources' existing 50% ownership of the Wodgina and Mt Marion mines. The company said it will continue as operator of both mines.

POSCO will receive spodumene concentrate in proportion to its 30% stake, Mineral Resources said, adding that it expects the transaction to close in H1 2026.

POSCO shares were up 2.7% in recent premarket activity.

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