Mineral Resources Limited has partnered with POSCO Holdings to enhance lithium production in response to rising global demand, marking a significant milestone in the Australian lithium industry.
Information on the Target
Mineral Resources Limited (MinRes) is an established mining services company in Australia, recognized for its innovative approach and operational excellence in the resources sector. The company operates in various areas, including lithium production, a vital component in the transition toward sustainable energy solutions.
POSCO Holdings is a prominent global player in lithium chemical supply, particularly serving markets in Korea and the West. The partnership with MinRes aims to capitalize on the increasing lithium demand driven by the growing electric vehicle (EV) market, thereby enhancing both companies' positions in this burgeoning industry.
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Industry Overview in Australia
The lithium industry in Australia is experiencing significant growth, underpinned by increasing global demand for lithium-ion batteries, which are essential for EVs and renewable energy storage. Austral
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POSCO Holdings
invested in
Mineral Resources (MinRes)
in 2026
in a Joint Venture deal