Welcome to our dedicated page for POSCO HOLDINGS news (Ticker: PKX), a resource for investors and traders seeking the latest updates and insights on POSCO HOLDINGS stock.
POSCO Holdings Inc. reports news as the Korean holding company and ultimate parent of POSCO Group, with American depositary shares traded under PKX. Recurring updates include annual Form 20-F filings, consolidated business reports, segment developments in steel, infrastructure and rechargeable battery materials, and disclosures tied to governance, capital structure and shareholder returns.
Company news also reflects POSCO Group activity in lithium and other battery-material supply chains, green steel and hydrogen-related initiatives, and international business development through operating subsidiaries such as POSCO and POSCO Argentina.
POSCO announced the resumption of operations at its Pohang Steelworks following damage from flooding. As of September 12, all blast furnaces are operational, including the no.3, no.4, and no.2. Steel production has resumed with the restoration of steel-making and continuous casting facilities. Despite progress, the rolling line remains under repair, with 80% of draining work completed. An emergency shipment response team has been established to stabilize supply and demand. Safety measures are being enhanced to mitigate risks during the ongoing restoration.
POSCO is accelerating restoration work at the Pohang Works following typhoon damage. Key updates include:
- Normalization of the Iron and Steel Making Substation by the morning of September 7.
- Power recovery at the steelworks expected to be complete by September 10.
- Three blast furnaces will sequentially resume operation starting September 10.
- Environmental maintenance will be finalized during the Chuseok holiday.
Collaboration with various entities has facilitated extensive drainage efforts to manage flood impacts.
Summary not available.
POSCO Holdings has announced a collaboration with Prologium to co-develop materials for solid-state batteries, aiming to enhance its portfolio in next-generation secondary battery technologies.
The partnership, formalized on May 12, 2022, includes investments in Prologium and the development of key components such as cathode materials and solid electrolytes. This move positions POSCO to improve its capabilities in high-capacity battery materials and solid-state technology, reinforcing its competitiveness in the evolving energy sector.
On April 28, 2022, POSCO Holdings (NYSE: PKX) filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2021 with the U.S. Securities and Exchange Commission. The report can be accessed via POSCO's website or the SEC's site. Investors can also request a hard copy of the annual report free of charge by contacting the investor relations department.
POSCO Holdings has initiated the construction of a 25,000-ton lithium hydroxide plant in Argentina's Salar del Hombre Muerto, with plans for completion by 2024.
Additionally, a second plant is expected to begin construction this year, targeting a total production capacity of 100,000 tons by 2028.
The total investment amounts to $839 million, which will support the production of enough lithium to supply approximately 600,000 electric vehicles annually.
POSCO's strategy aims to establish the company as a top contender in global lithium production.
Summary not available.
On April 29, 2021, POSCO (NYSE: PKX) submitted its Annual Report on Form 20-F to the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2020. The report is available for download on the company's official website and the SEC's site. Investors can request a free hard copy of the report via email.