MEETING: AKBC meets with POSCO Australia in Sydney

On 30 October, the AKBC team had a great conversation with Minha Song, Investment Director and Lucia Lee, Business Analyst at POSCO Australia in Sydney last week. We shared valuable feedback about the recent 45th AKBC-KABC Joint Meeting in Perth. ⁠
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POSCO Group is making significant strides in enhancing cooperation with Australia. As a vital partner in the supply chain for critical minerals like iron ore, lithium, and nickel, POSCO has made cumulative investments of up to 4 trillion won (approximately $4.4 billion) in Australia. Remarkably, Korea is purchasing steel materials worth more than 7 billion dollars from Australia every year, which amounts to 70% of the total amount of raw material purchases.⁠
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POSCO also revealed its plans to initiate discussions with local companies on critical minerals, including graphite and rare earths during the Joint Meeting. This is a promising step forward in strengthening our economic ties and ensuring a sustainable supply chain.⁠
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Read more below 👇
https://newsroom.posco.com/en/posco-group-chairman-in-hwa-chang-leads-strengthening-of-korea-australia-economic-cooperation/⁠