3 Deals in this announcement:
POSCO to buy 240,000 tons of lithium spodumene concentrate from Australia
2018/02/27 18:08
Deal 1)
SEOUL, Feb. 27 (Yonhap) -- POSCO, South Korea's largest steel producer, said Tuesday it has signed a deal to buy up to 240,000 tons of lithium spodumene concentrate per year from Australia's Pilbara Minerals, securing the key material for its lithium business.
POSCO did not elaborate on how much it will pay for the import of lithium spodumene concentrate.
Deal 2)
Also Tuesday, POSCO signed a separate deal to acquire a 4.75 percent stake in Pilbara Minerals and convertible bonds worth 79.6 million Australian dollars from the Australian lithium producer.
Deal 3)
Pilbara Minerals is set to invest a 30 percent stake in the lithium plant, whose location has yet to be determined, according to POSCO.
South Korea's POSCO signs long-term deal to buy lithium from Australia's Pilbara, page-56
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