POSCO Sponsored ADR Aktie News

I'm sticking with a 'Buy' rating for POSCO Holdings, as I have a favorable view of its cash management strategy. PKX has generated a huge amount of surplus capital by reorganizing its business portfolio. The firm has recently made some lithium-related investments, which will increase its exposure to the "green transition" theme.

Australia's Mineral Resources will sell a 30% stake in its operational lithium business to South Korea's POSCO Holdings for $765 million after placing it under a new joint venture, the miner said on Wednesday.

Shares of American Resources Corp (NASDAQ:AREC) rose 13% in morning trading after its subsidiary, ReElement Technologies, signed a long-term supply agreement with POSCO International America. The partnership is designed to strengthen U.S.

ReElement Technologies has signed a long-term supply agreement with POSCO International America, in a move aimed at boosting U.S. refining capacity for rare earth elements and tightening cooperation with South Korea.

POSCO Holdings Inc. (NYSE:PKX ) Q4 2023 Results Conference Call January 31, 2024 1:00 AM ET Company Participants Ki-Seop Jeong - CSO Ban Don-ho - CEO Byeong-Og Yoo - Head-Green Materials & Energy Business Kim Kyung-Han - Head-International Trade Affairs Office Kyung-Sub Lee - Co-Chief-LiB Materials Business & Executive Officer Seung-Jun Kim - Executive Officer & Head of Finance Team Suh Ji-Won ...

American Resources Corp (NASDAQ:AREC) announced that its ReElement Technologies subsidiary has signed a memorandum of understanding (MOU) with POSCO International Corporation.  The company said the agreement aims to strengthen the rare-earth supply chain and explore cooperation on establishing an integrated rare-earth and permanent-magnet production complex in the US.

POSCO Holdings is undervalued versus global peers, trading at a P/B of 0.39x, and offers an attractive entry point after a 60% price decline. I expect further USD weakness, a rally in Korean equities, and likely passage of the K-Steel Act to act as catalysts for PKX. Risks include continued Chinese steel dumping and a worsening global economic slowdown, which could impact PKX's profitability an...

Glenfarne's Alaska LNG unit said on Thursday it had signed a preliminary agreement to supply 1 million tonnes per annum (mtpa) of LNG to South Korean trading firm POSCO International for 20 years from its planned export project.