POSCO Secures $700 Million Facility for Argentina Lithium Operations

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POSCO Holdings has secured a $700 million short-term credit facility from IDB Invest, the private-sector arm of the Inter-American Development Bank Group, to support its Argentina-based brine lithium business. POSCO Argentina received approval for the facility on Aug. 4, providing working capital for its first lithium plant and a second plant scheduled for completion in the second half of 2026. The financing strengthens POSCO's liquidity and is expected to reduce funding costs through competitive interest rates and preferential tax treatment. IDB Invest recognized the project's compliance with global ESG standards and its contribution to economic development in Latin America. The facility comes as POSCO accelerates development of its Sal de Oro lithium project at Argentina's Salar del Hombre Muerto, which comprises four phases with eventual production capacity of around 100,000 metric tons per year. The credit facility provides additional financial flexibility to ramp up Argentine lithium operations and, combined with Argentina's investment incentives and Korea-Argentina cooperation, should help accelerate project development and enhance the long-term competitiveness of POSCO's battery-materials portfolio.

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POSCO secured a $700M credit facility from IDB Invest, strengthening liquidity and lowering funding costs for its Argentina lithium business

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