POSCO Holdings received unconditional approval from China's State Administration for Market Regulation to acquire equity in Li Holdco Pty Ltd. The approval was included in the SAMR's list of unconditionally approved cases for August 24-30, 2026.
POSCO Holdings is a South Korean conglomerate with interests in steel, chemicals and battery materials. Li Holdco is likely related to lithium resources, a critical raw material for battery cathodes and electrolytes. The acquisition reflects continued investment by Asian industrial groups in upstream battery materials supply chains.
