Istanbul, June 6, 2025 – South Korean steel giant POSCO Holdings has inaugurated the Australia Core Resources Research Institute in Perth, Western Australia, as part of its efforts to enhance technological innovation in steel production, battery materials, and rare earths.
The newly launched R&D center will focus on developing cost-efficient and low-carbon steel raw material technologies, along with optimizing lithium and nickel processing methods to reduce production costs. Additionally, the institute will explore potential investments in Australia’s mining sector, leveraging the country’s rich mineral resources.
POSCO’s expansion into Australia underscores its commitment to sustainable and competitive steelmaking, particularly in light of growing global demand for eco-friendly materials. The facility is expected to play a key role in advancing green steel solutions and strengthening the supply chain for electric vehicle battery components.
Industry analysts highlight that this move aligns with broader trends of major steel producers investing in decarbonization and securing raw material stability. POSCO’s new research hub may also foster collaborations with Australian mining firms and academic institutions.
The company has not disclosed specific investment figures but reaffirmed its long-term strategy to integrate advanced technologies across its global operations.
