POSCO to acquire a 30% stake in operational lithium business of MinRes for $765m.

POSCO, a steel producer, agreed to acquire a 30% stake in operational lithium business of MinRes, a mining service company, for $765m. “POSCO Holdings’ investment is a testament to the long-term value of Wodgina and Mt Marion, and MinRes’ reputation as a mining operator. Together, we are committed to developing these Tier 1 operations to meet their full potential as two of the world’s best hard rock lithium assets," Chris Ellison, MinRes Managing Director.