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POSCO invests A$80 million in Pilbara Minerals

Korean giant POSCO (KS:005490) has become the latest company to join the Pilgangoora party, investing nearly A$80 million (US$62.4 million) in Pilbara Minerals (AU:PLS) to accelerate the expansion of the lithium project.

POSCO invests A$80 million in Pilbara Minerals POSCO invests A$80 million in Pilbara Minerals POSCO invests A$80 million in Pilbara Minerals POSCO invests A$80 million in Pilbara Minerals POSCO invests A$80 million in Pilbara Minerals

Pilbara Minerals has received more funding for its Pilgangoora lithium project

Under a binding life-of-mine offtake agreement, POSCO has agreed to buy an initial 80,000 tonnes per annum of chemical-grade spodumene concentrate from Pilgangoora stage two.

That will i...