POSCO Mr Jeong-woo Choi last month visited Australia to check strategic investment assets in the eco-friendly future material business such as lithium and nickel, and to discuss business cooperation with raw material partner companies. He met with the Western Australia Premier Mr Mark McGowan and requested active support from the state level for various investment and cooperation projects that POSCO Group is promoting including future clean hydrogen project. He said “Australia will become a key producer and procurement country not only for raw materials for steel and secondary batteries but also in the field of future clean hydrogen. We ask for more active support for technology and investment exchanges between companies in the two countries as Australia is an important partner country for the clean hydrogen project promoted by POSCO Group.”Mr Jeong-woo Choi met Australian resource development company Hancock Chairwoman Ms Gina Rinehart and signed a MoU to expand the scope of cooperation in steel-related businesses such as iron ore mine development and steel raw material HBI production. Mr Jeong-woo Choi said “POSCO Group and Hancock have been working together since 2010, and have been expanding the partnership every year including the success of Roy Hill mine development project and recent joint acquisition of Senex Energy. If POSCO Group, which has value chains from developing secondary battery materials to the production of cathode and anode materials, and Hancock, which has excellent experience and capabilities in the mining industry, cooperate in the secondary battery material businesses such as lithium and nickel, it will be able to create great synergy.”Mr Jeong-woo Choi also met with First Quantum Minerals Chairman to request cooperation for the smooth operation of Ravensthorpe Nickel Operation which acquired a stake from First Quantum Minerals last year and discussed additional business cooperation opportunities. In addition, he met with the chairman of Pilbara Minerals, which is actively cooperating with lithium raw material development and production joint projects, and discussed expanding the supply of lithium concentrates and cooperating on new projects.