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...In June, Posco announced joint ventures worth $1.2bn with China’s CNGR Advanced Material....
...Fickle retail investors are unlikely to support Posco for the long haul either....
...They trade at 11 times forward earnings, significantly lagging behind the performance of regional peers such as South Korea’s Posco....
...Posco is building a supply chain for Ira-compliant materials in which “nothing will be produced or sourced in China,” said Lee, during an interview at Posco’s headquarters in Seoul....
...Japan’s Nippon Steel and South Korea’s Posco will own the rest....
...Japan releases core consumer price index figures for last month.Corporate data: China National Offshore Oil Corporation and China Unicom present third-quarter earnings, as does South Korean steelmaker Posco...
...Posco declined to comment....
...Hwang Ji-Yeon, a 37-year-old office worker for South Korean steelmaker Posco, who has a young school-age son, is one beneficiary of the move....
...Nippon Steel and Posco can afford agnosticism on that question. Neither will put up much for their stakes....
...The country’s benchmark Kospi index rose as much as 4 per cent, with battery company LG Energy Solution jumping more than 20 per cent and Posco Future M, a battery materials company, up 28 per cent....
...Posco subsidiary Posco International confirmed to the FT that the company had participated in the meeting to discuss “difficulties that our business is undergoing”, and that it “had not made any new business...
...A $441mn investment last month by Korean metals giant Posco in a nickel smelting plant on the Indonesian island of Halmahera has taken South Korea’s hard-cash dealmaking in the south-east Asian country to...
...A property market downturn in China, the world’s biggest steel market, has also weighed on Posco’s earnings....
...But analysts at Goldman Sachs warned last month that the global cathode market may be oversupplied over the next decade, advising investors to sell shares in EcoPro BM and Posco Future M....
...Company earnings: South Korea’s Posco and Woori Financial Group publish first-quarter earnings, as does Chinese motorcycle, generator and automotive engine maker Loncin....
...LG Energy Solution, the world’s second-largest battery maker, has shot up 38 per cent so far this year, while steelmaker Posco Holdings, whose subsidiaries have made a series of upstream investments in the...
...South Korea’s Hyundai Motor, Kia Motors and Posco announce fourth-quarter results....
...everything goes as planned, solid-state batteries can only take about 10 per cent of the overall market for EVs by 2035, estimates Lee Kyung Sub, head of the battery materials business at Korean conglomerate Posco...
...Davies said the intervention would mean Posco would view the country as a “much riskier proposition”....
...Another peer, Posco Chemical operates the world’s largest cathode material plant. For L&F, the deal will help cover rising labour costs and new production lines....
...It struck a deal in 2021 with the company Controlled Thermal Resources to extract lithium from a geothermal brine in southern California, and five months later agreed to work with Posco Future M to process...
...The operations of Hyundai Motor and steelmaker Posco are suffering supply chain disruptions as thousands of South Korea’s truckers escalated a strike on Friday....
...Korean conglomerate Posco Group, one of the world’s largest steelmakers, announced plans last month to invest $47bn in battery materials by 2030 — 47 per cent of its total investments — as it attempts to...
...Nippon Steel and Posco — two of the world’s biggest steelmakers — will own stakes of 10 per cent and 2.5 per cent respectively in Elk Valley Resources, in exchange for giving up their minority interests...
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