{"id":135231,"date":"2026-08-28T08:19:24","date_gmt":"2026-08-28T08:19:24","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/135231\/"},"modified":"2026-08-28T08:19:24","modified_gmt":"2026-08-28T08:19:24","slug":"posco-holdings-accelerates-lithium-business-in-argentina-with-krw-1-trillion-funding-limit-secured-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/135231\/","title":{"rendered":"POSCO Holdings Accelerates Lithium Business in Argentina with KRW 1 Trillion Funding Limit Secured"},"content":{"rendered":"

USD 700 Million Approved by the Inter-American Development Bank Group<\/p>\n

Stable Working Capital Secured for Plant 1 and 2<\/p>\n

Financial Costs Cut Further with Added Tax Benefits\n <\/p>\n

POSCO Holdings is accelerating its lithium business in Argentina by securing a funding limit of USD 700 million (approximately KRW 1 trillion) from the Inter-American Development Bank Group (IDB Group).<\/p>\n

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Seungjun Kim, Head of Finance IR Division at POSCO Holdings (right), and James Scriven, President of IDB Invest, attended the loan limit agreement signing event for POSCO Argentina held on the 28th at the POSCO Center in Seoul and took a commemorative photo. POSCO Holdings<\/p>\n

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POSCO Holdings announced on the 28th that POSCO Argentina, its brine lithium production subsidiary in Argentina, received approval for a total short-term loan limit of USD 700 million from IDB Invest, the private sector arm of the Inter-American Development Bank Group, on the 4th.<\/p>\n

The Inter-American Development Bank Group is supporting financing for resource development projects in the region in line with its \u2018Strategic Support for Core Mineral Supply Chains in Latin America and the Caribbean.\u2019 During the approval process, aspects such as POSCO Argentina’s compliance with global environmental, social, and governance (ESG) standards and its contribution to the regional economy were evaluated.<\/p>\n

With this approval, POSCO Argentina can now secure working capital for its Brine Lithium Plant 1 and for Plant 2, which is scheduled for completion in the second half of the year, whenever needed.<\/p>\n

A reduction in financial costs is also anticipated. In accordance with the intergovernmental agreement establishing the Inter-American Development Bank, tax incentives such as preferential taxation on interest payments and financial transaction taxes that arise in the borrowing process are applied. The company believes that securing large-scale working capital at relatively low interest rates, with the added benefit of tax incentives, will contribute to improved business profitability.<\/p>\n

Earlier, on July 31, POSCO Holdings obtained approval under Argentina\u2019s Large Investment Promotion Regime (RIGI) during the Korea-Argentina summit. With this most recent loan limit approval from the Inter-American Development Bank Group, local financing and investment conditions for the lithium business have improved further.<\/p>\n

The business performance is also improving. POSCO Argentina recorded its first-ever quarterly profit in the second quarter of this year. With the combination of investment incentives from the local government and funding from international financial institutions, the expansion of the lithium business in Argentina is expected to accelerate.<\/p>\n

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POSCO Holdings is implementing its “Triple-core” growth strategy based on industrial resources such as steel, strategic materials including lithium, cathode materials, anode materials, rare earths, and rare gases, and energy resources like liquefied natural gas (LNG) and renewable energy. Based on this, the company plans to continuously expand its supply chain for key resources, including lithium.<\/p>\n

<\/p>\n

This content was produced with the assistance of AI translation services.<\/p>\n

\u00a9 The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.<\/p>\n","protected":false},"excerpt":{"rendered":"USD 700 Million Approved by the Inter-American Development Bank Group Stable Working Capital Secured for Plant 1 and…\n","protected":false},"author":2,"featured_media":135232,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[380],"tags":[479,480,31,154,478,414,442,481,33,477],"class_list":["post-135231","post","type-post","status-publish","format-standard","has-post-thumbnail","category-posco","tag-economic","tag-issue","tag-korea","tag-news","tag-newspaper","tag-politics","tag-posco","tag-society","tag-south-korea","tag-the-asia-business-daily"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/135231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=135231"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/135231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/135232"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=135231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=135231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=135231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}