From Yahoo Finance: 2025-06-02 05:08:00

South Korea’s Posco Holdings opens new R&D centre in Australia to enhance steel, battery materials, and rare earths production. The lab aims to develop cost-effective steelmaking, efficient lithium and nickel processing, and collaborate with local colleges, resource companies, and research institutions. CEO Chang In-hwa sees it as a strategic hub to strengthen competitiveness.

Posco is engaging with potential partners like CSIRO, MRIWA, Curtin University, BHP, and Rio Tinto for collaborations. The new R&D centre in Australia will focus on raw material processing and securing critical minerals. This move aligns with Posco’s goal to combine Australia’s resources with its materials technology for business growth and competitiveness.

Read more: Posco opens new R&D centre in Australia