POSCO Holdings Leads the Way in Korean Lithium Production Development
POSCO Holdings has completed the construction of a lithium hydroxide production plant in Gwangyang, Jeollanam-do, marking the first commercial production of lithium in Korea. This move comes as part of the company’s strategy to dominate the global supply chain for secondary battery raw materials. With the completion of the plant, plans are in place to […]
POSCO Holdings Diversifies Its Lithium Supply Chain with Oil Field Brine Development
POSCO Holdings Diversifying its Lithium Supply Chain POSCO Holdings has taken a significant step in diversifying its lithium supply chain by signing a contract to develop oil field brine as a new lithium resource supply chain. The company announced that it had signed a Memorandum of Understanding with the Alberta Investment Office in Canada on […]
POSCO Holdings and Alberta Investment Authority Sign Business Agreement to Explore Lithium Opportunities
POSCO Holdings Partners with Alberta Investment Authority to Explore Lithium Business Opportunities The Investment Authority of Alberta (IAC) in Canada recently announced a new partnership with POSCO Holdings, signing a business agreement (MOU) to collaborate on exploring potential lithium business opportunities in Alberta, Canada. Under the agreement, POSCO Holdings plans to assess investments in lithium […]
POSCO Holdings Collaborates with Invest Alberta Corporation to Secure Lithium from Oilfield Brine
POSCO Holdings Partners with IAC to Secure Lithium from Oilfield Brine in Alberta By Sujeong Kim, Deal Site Reporter POSCO Holdings has entered into a strategic partnership with Canada’s Invest Alberta Corporation (IAC) to secure lithium from oilfield brine in Alberta. The oilfield brine, which contains minerals such as lithium, is water found around geological […]
KOSPI and KOSDAQ Surge on Ban of Short Selling and Positive Market Sentiment
KOSPI Index Soars by 5.66% on Expectations of Fed Interest Rate Hike Pause The KOSPI index closed at 2,502.37, marking a 5.66% increase. This surge comes after the New York stock market experienced an uptick due to expectations of a pause in Fed interest rate hikes and a slowdown in US employment in October. Major […]
POSCO Holdings Recovers Entire Investment in Roy Hill Iron Ore Mine in Australia
POSCO Holdings recovers full investment in Roy Hill iron ore mine in Australia POSCO Holdings, a leading steel company in South Korea, has successfully recovered all of its investment costs in the Roy Hill iron ore mine located in Australia. The company announced on the 10th that it had received approximately KRW 85 billion in […]
POSCO Chairman Choi Jeong-woo to Testify Before National Assembly Regarding Alleged Violation of Anti-Graft Act
POSCO Chairman Choi Jeong-woo is expected to appear as a witness for the National Assembly’s audit for the second consecutive year, as they investigate potential violations of the Anti-Graft Act. The Education Committee of the National Assembly has chosen Chairman Choi to testify, particularly regarding his alleged actions during a business trip to Canada last […]
Stock markets fall as US Treasury yields continue to rise
The KOSPI index closed at 2,508.13, experiencing a 0.27% decrease. The decline can be attributed to the sharp rise in government bond yields, causing concerns about prolonged tightening by the Federal Reserve. Additionally, major European countries’ stock markets fell due to interest rate decisions. The KOSPI index fell below 2,500 and started at 2,491.45. After […]
POSCO Holdings and Nano New Materials Lead Stock Price Movements in Korean Market
POSCO Holdings Stock Price Shows Significant Movement On the 15th, among the top 30 KOSPI market capitalization stocks, POSCO Holdings stock price displayed the highest level of volatility based on the closing price. At the close of the trading day, POSCO Holdings stock was valued at 584,000 won, reflecting a 5.61% increase (31,000 won) from […]
POSCO Holdings and CF Industries Collaborate to Produce Blue Ammonia in the United States
POSCO Holdings, a leading company in the steel industry, has announced plans for a business collaboration with CF Industries, the world’s largest ammonia producer, to produce blue ammonia in the United States. Blue ammonia is a form of ammonia made from blue hydrogen, which involves the removal of carbon dioxide through Carbon Capture and Storage […]
