POSCO Establishes Minerals R&D Lab in Australia

POSCO Holdings held the opening ceremony of the Australia Core Resources Research Institute on May 30 in Perth, Western Australia. (From left) Brian McDonald, Executive of Technical Marketing at Hancock; Will Millsteed, CFO of Rio Tinto; John Stanning, Head of Development at PLS; Professor Jo Elfving Hwang of Curtin University; Ben Ellis, Sustainability Executive at BHP; Miriam Stanborough, Chair of MRIWA; Fay Duda, Honorary Consul of the Republic of Korea in Western Australia; POSCO Group Chairman Jeong-Woo Choi; Louise Fisher, Director of Mineral Resources at CSIRO; Professor Marco Fiorentini of the University of Western Australia; Professor Aleks Nikoloski of Murdoch University; and Kim Ki-Soo, Head of Future Technology Research Institute at POSCO Holdings. Photo courtesy of POSCO Holdings

 

POSCO Holdings has established the "Australian Critical Minerals R&D Lab" in Perth, Western Australia, as part of its strategic initiative to secure advanced technologies in steel, battery materials, and rare earth elements. The launch event on May 30 brought together POSCO Chairman Chang In-hwa, key executives, and representatives from major resource firms such as Hancock, BHP, Rio Tinto, and Pilbara Minerals, alongside researchers from institutions like CSIRO, MRIWA, and Curtin University. Chairman Chang emphasized that the new lab will serve as a strategic hub, combining Australia's rich resources with POSCO's technological strengths to enhance core business competitiveness and secure vital minerals.

The new center supports POSCO's localization strategy aimed at boosting raw material efficiency while cutting costs and carbon emissions. As the first Korean research facility of its kind in Australia, it will focus on low-carbon steel production, lithium and nickel processing innovations, and rare earth element refining. POSCO's long-standing partnerships with Australian resource companies, including ventures like Roy Hill and lithium production with PLS, have laid the groundwork for this expansion. Chairman Chang, also head of the Korea-Australia Economic Cooperation Committee, highlighted the lab's role in deepening bilateral industrial collaboration.

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POSCO Establishes Minerals R&D Lab in Western Australia - IT타임스