Korea Institute of Geoscience and Mineral Resources and POSCO Holdings Join Hands for Critical Mineral Development

The Korea Institute of Geoscience and Mineral Resources announced on the 7th that it has signed a Memorandum of Understanding (MOU) with POSCO Holdings for the joint development of critical mineral technologies.

Kim Ki-su, Head of Future Technology Research Institute at POSCO Holdings, and Lee Pyung-gu, Director of Korea Institute of Geoscience and Mineral Resources (7th from the left), are taking a commemorative photo after signing a business agreement.

At the signing ceremony, Lee Pyeong-gu, President of the Korea Institute of Geoscience and Mineral Resources, Kim Ki-su, Head of Future Technology Research Institute at POSCO Holdings, and other officials attended and pledged close cooperation for the development of critical mineral exploration and extraction technologies.

This agreement was promoted to establish a stable domestic supply chain of critical minerals essential for advanced industries such as secondary batteries, renewable energy, semiconductors, and defense, and to respond to the global raw material supply chain crisis.

Both parties explained that by utilizing digital and artificial intelligence (AI) technologies, they aim to significantly improve the efficiency and accuracy of mineral exploration and evaluation, while maximizing resource recovery rates through the development of critical mineral extraction technologies such as ore beneficiation, smelting, refining, and recycling.

In particular, they plan to enhance resource development efficiency while minimizing environmental impact through the development of low-grade resource utilization technologies.

Lee Pyeong-gu, President of the Korea Institute of Geoscience and Mineral Resources, stated, "This cooperation will be an important stepping stone to enhance domestic industrial competitiveness and stabilize the critical mineral supply chain."

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