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May 16, 2024
Korean industries gauge impact of Biden's steep tariffs on China
...-end semiconductor manufacturing tools. In the steel sector, the recent US imposition of a steep 25 percent tariff on Chinese steel and aluminum may pose challenges for Korean steel giants such as Posco and Hyundai Steel, as it could drive Chinese manufacturers to increase their export...
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May 12, 2024
Battery makers ramp up efforts to diversify graphite supply chain
...hat the restriction has been pushed back. If battery makers don't move quickly to find other sources for graphite, they will be in crisis again," said Park Jae-bum, a senior principal researcher at Posco Research Institute. Posco Future M, which is Korea's only company produc...
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May 09, 2024
Posco’s furnace No. 4 ready to resume operation
Posco Group said Thursday that it was ready to resume the operation of its blast furnace No. 4 in Pohang, North Gyeongsang Province, at the end of June after months of refurbishment work. A blast fu... A smart furnace system based on big data and artificial intelligence has also been imp...
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May 08, 2024
Korean battery makers heave sigh of relief over 2-year IRA reprieve
...from entering the market, even with US incentives to diversify supply chains. Korean firms have been proactively seeking alternative sources. In February, SK On signed a contract with US-based Westwater for graphite supplies starting in 2027. Posco Future M announced partnerships in Ma...
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May 07, 2024
Posco Future M unveils report on sustainable supply chain
...ncerns regarding ethical sourcing and environmental responsibility, domestic battery manufacturer Posco Future M released its third Responsible Minerals Activity Report on Tuesday. The publication is...the cathode and anode segments. It marks the continuation of a commitment initiated...
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April 26, 2024
Posco Future M, Honda to launch battery materials venture in Canada
Korean battery materials producer Posco Future M has partnered with Japanese automaker Honda Motor to create a joint venture focused on producing cathode materials for electric vehicle batteries in t...ross the continent. They plan to finalize the contract within this year. The partnersh...
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April 26, 2024
POSCO Future M, Honda to set up JV in Canada for battery materials partnership
POSCO Future M, the battery materials unit of POSCO Holdings, said Friday it will set up a joint venture (JV) with Honda Motor in Canada mainly for the supply of a core battery material to the Japanese carmaker. The two companies have signed a memorandum of understanding to est...
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April 23, 2024
Posco completes new silicon anode material plant
Posco Group announced Tuesday the completion of a manufacturing plant specifically designed to produce silicon battery materials, laying the groundwork for next-generation secondary battery materials venture. Its battery materials unit Posco Silicon Solution completed a silicon...
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April 22, 2024
Posco confirms 7 missions to speed up innovation
Posco Group Chairman Chang In-hwa on Monday announced seven major tasks that the steel giant will tackle in the years to come, from consolidating its leadership in steelmaking and battery materials t...n on March 21. Chang, together with a 20-member task force, came up with the new tasks ...
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April 22, 2024
Posco charity foundation tackles disability challenges
The Posco 1% Foundation, founded in 2013, is funded by the donations of employees at South Korean steel giant Posco Group. Among the foundation's diverse charity projects is one aimed at supporting people with disabilities, particularly in career-seeking activities. According ...
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April 16, 2024
SK hynix sees 30% surge in market cap in Q1
...on the other hand, marked the biggest decrease of 8.07 trillion won in the first quarter, from 100.5 trillion won to 92.4 trillion won. Naver's market cap also decreased by 6.5 trillion won, while Posco Holdings and Ecopro Materials also saw their market cap decline by 5.5 trillion won...
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April 15, 2024
Korean steel companies' earnings expected to dip in Q1
..., according to reports from local securities companies, Sunday. Analysts had a bleak outlook for Posco, the country's steel giant, expecting that both sales and operating profit will drop from the pr...llion) and 338 billion won, respectively. Due to the decreases in earnings of its m...
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March 28, 2024
Posco Future M named in Fortune's top 30 Asian innovators
Korean battery material and chemical company Posco Future M has been recognized by Fortune Asia as one of the top 30 most innovative companies in Asia, set to drive future growth, the company said on...une Asia Future 30 award was presented at the Fortune Innovation Forum in Hong Kong on ...
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March 25, 2024
Posco International CEO vows to speed up digital transformation
Lee Kye-in, formerly president of Posco International, took office as CEO of the company, having been appointed to his new position during a board meeting at the company’s headquarters in Incheon on ...icular, Lee highlighted digital transformation as essential for the trading and energy...
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March 21, 2024
Chang In-wha takes helm at Posco
...y and received a doctorate from the Massachusetts Institute of Technology. In 1988, Chang joined Posco Group as a researcher at the Research Institute of Industrial Science & Technology under the com...ositions at the group, including director of the RIST Steel Structure Research Insti...
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March 21, 2024
Posco Group endorses new Chairman Chang In-hwa
Chang In-hwa, a seasoned veteran in the steel industry, became the chairman and CEO of Posco Group, South Korea's fifth-largest conglomerate, officials said Thursday. In a shareholders' meeting, Posco Holdings, the steelmaking group's holding company, passed a resolution to app...
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March 18, 2024
[Herald Interview] Lithium-rich Chile seeks to lure more Korean investment
...ss round table organized with the Korea International Trade Association on Thursday, where major Korean conglomerates and state-owned companies were in presence," Sanchez said. "Companies including Posco International, Samsung C&T, LG Energy Solution, and Korea Airports Corporation have...
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March 16, 2024
Major shifts among top market cap stocks on the KOSPI
...cant upward momentum. Conversely, concerns over weakening demand for electric vehicles and poor business conditions led to a downward trend in the rankings of secondary battery stocks. Among them, Posco Chemical (from 13th to 17th) experienced the largest decline, followed by Posc...
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March 12, 2024
Posco wins massive EV magnet orders from global carmakers
By Kim Hae-yeon ( hykim@heraldcorp.com )
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March 07, 2024
Posco mulls LFP joint venture with Chinese firm
...or future growth industries. Kim highlighted the significance of preemptive measures not only for secondary batteries but also for hydrogen, anticipating their future relevance in steel production. Previously serving as president of Posco Future M, Kim emphasized the proactive stance ...