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MinRes and POSCO Forge $1.2B Lithium JV to Boost Global Supply Chain
8:28am on Wednesday 12th of November, 2025 AEDT
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Mining
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MinRes and POSCO Forge $1.2B Lithium JV to Boost Global Supply Chain
8:28am on Wednesday 12th of November, 2025 AEDT
Key Points
POSCO acquires 30% stake in MinRes lithium JV for US$765 million
JV holds MinRes’ 50% interest in Wodgina and Mt Marion lithium mines
MinRes retains 70% ownership and operational control of mines
Proceeds earmarked for debt repayment and growth initiatives
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