POSCO to Buy 15 pct Stake in Australia’s Black Rock Mining

SEOUL, Dec. 17 (Korea Bizwire) – POSCO, the world’s fifth-largest steelmaker by output, said Thursday it has agreed to buy a 15 percent stake in Black Rock Mining for US$7.5 million. The deal will pave the way for POSCO to secure graphite fines, a material required to make anodes, according to the steelmaker. Still, POSCO [...]