POSCO secures USD 700 million IDB credit line for Argentina brine lithium project - XLB News | RalliesPOSCO secures USD 700 million IDB credit line for Argentina brine lithium project
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XLB• Project financing supports lithium buildout after RIGI approval
- Move follows Argentina’s approval of RIGI investment incentives, strengthening financing certainty for the lithium buildout.
- POSCO Argentina turned profitable in 2Q 2026, supporting the group’s strategy to expand its critical minerals supply chain.
POSCO secures IDB Invest credit line for Argentina lithium operation
- POSCO Holdings secured a short-term liquidity facility of up to USD 700 million from IDB Invest for its Argentina brine lithium operation.
- Funding supports working capital for the first lithium plant, with a second plant scheduled to be completed in 2H.
- Facility structure includes tax benefits under IDB agreements, lowering financing costs and improving project economics.
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