USA News Group Commentary VANCOUVER, BC, April 30, 2024 /PRNewswire/ -- Coming off a major market correction in 2023 down from 2-2022's record highs, the lithium market is primed for a rebound in 2024. Analysts at MorningStar using data shared from Platts, LME, Benchmarked Minerals, Fastmarkets, and MorningStar itself are forecasting lithium prices to stabilize and rise in 2024, and to nearly double from $17,000 to $30,000 per metric ton from 2023 to 2030. As the Electric Vehicle (EV) market moves towards a projected $1.66 trillion by 2030, lithium demand is expected to triple from 2022 levels over that time. Today with more than 65% of the world's lithium reserves, it's in Latin America whe

Morgan Stanley downgraded POSCO from Equal-Weight to Underweight

UBS downgraded POSCO from Buy to Neutral

Citigroup downgraded POSCO from Buy to Neutral

JP Morgan downgraded POSCO from Neutral to Underweight

JP Morgan downgraded POSCO from Overweight to Neutral

UBS downgraded POSCO from Neutral to Sell

UBS downgraded POSCO from Buy to Neutral

USA News Group Commentary VANCOUVER, BC, April 30, 2024 /PRNewswire/ -- Coming off a major market correction in 2023 down from 2-2022's record highs, the lithium market is primed for a rebound in 2024. Analysts at MorningStar using data shared from Platts, LME, Benchmarked Minerals, Fastmarkets, and MorningStar itself are forecasting lithium prices to stabilize and rise in 2024, and to nearly double from $17,000 to $30,000 per metric ton from 2023 to 2030. As the Electric Vehicle (EV) market moves towards a projected $1.66 trillion by 2030, lithium demand is expected to triple from 2022 levels over that time. Today with more than 65% of the world's lithium reserves, it's in Latin America whe

SEOUL, South Korea, April 29, 2024 /PRNewswire/ -- On April 29, 2024, POSCO HOLDINGS INC. (NYSE: PKX) filed its Annual Report on Form 20-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission. The 2023 Annual Report on Form 20-F can be downloaded from www.posco-inc.com, as well as from the website of the U.S. Securities and Exchange Commission at www.sec.gov. Investors may request a hard copy of the 2023 Annual Report on Form 20-F, free of charge, by contacting [email protected]. View original content:https://www.prnewswire.com/news-releases/posco-holdings-inc-files-its-annual-report-on-form-20-f-302129978.html SOURCE POSCO Holdings

South Texas Heavy Industry and State Schools Receive Boost Through Mega-Scale Regional Decarbonization Project The Texas General Land Office (GLO) awarded a Repsol-led partnership a contract for over 140,000 gross acres of pore space owned by of the Permanent School Fund (PSF) for CO2 storage located offshore of Corpus Christi, Texas. The partnership, comprised of Repsol as the operator, Carbonvert (Carbonvert Inc.), MEPUSA (Mitsui E&P USA), and POSCO (POSCO International) bring together their collective experience across oil and gas, carbon capture and storage (CCS), industrial, and renewable projects in the United States and globally. The project will be located in proximity to over 3

SEOUL, South Korea, April 28, 2023 /PRNewswire/ -- On April 28, 2023, POSCO HOLDINGS INC. (NYSE: PKX) filed its Annual Report on Form 20-F for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission. The 2022 Annual Report on Form 20-F can be downloaded from www.posco-inc.com, as well as from the website of the U.S. Securities and Exchange Commission at www.sec.gov. Investors may request a hard copy of the 2022 Annual Report on Form 20-F, free of charge, by contacting [email protected]. View original content:https://www.prnewswire.com/news-releases/posco-holdings-inc-files-its-annual-report-on-form-20-f-301810799.html SOURCE POSCO Holdings

CEO Jeong-woo Choi stated, "Australia is the most important country in future eco-friendly projects involving raw materials to produce steel, renewable energy, hydrogen and green steel to achieve carbon neutrality by 2050."USD 40 billion to be invested with partners by 2040 with USD 28 billion invested in hydrogen manufacturing and USD 12 billion invested in green steel.Prime Minister Anthony Albanese stated, "We will cooperate with the promotion of future eco-friendly projects by POSCO Group"SEOUL, South Korea, Dec. 1, 2022 /PRNewswire/ -- On December 1, POSCO Group CEO Jeong-woo Choi met with the Prime Minister of Australia, Anthony Albanese, at the Parliament House in Canberra, the capita

CEO Choi was named 'CEO of the Year' in the steel, metal, and mining industry by S&P Global Commodity Insight in London on 27th Oct.He was recognized for innovating the management structure with a holding entity, taking a lead in the new growth business of the Group, and achieving the biggest performance since the establishment. "The honor of CEO of the Year is the outcome achieved by the dedication of all the members of POSCO Group," said CEO Choi.SEOUL, South Korea, Nov. 20, 2022 /PRNewswire/ -- POSCO Group CEO Jeong-woo Choi was named 'CEO of the Year' at the 10th Global Metals Awards held by S&P Global Commodity Insight in London on 27th Oct. S&P Global Commodity Insights - the world's

CEO Choi was inaugurated as the chairman of worldsteel at the Annual General Meeting held in Brussels, Belgium, on October 18. POSCO Group won two Steelie Awards in the categories of innovation, sustainability, while its Smart Safety Ball was selected as an outstanding practice."While the key to eco-friendly future material is steel, we will lay the foundation for the commercialization of Hydrogen Reduction (HyREX) technology," said Choi.SEOUL, South Korea, Oct. 20, 2022 /PRNewswire/ -- POSCO Group CEO, Jeong-woo Choi was inaugurated as the 44th chairman of worldsteel at the annual general meeting held in Brussels, Belgium, on October 18 (local time).

Signed an MOU on September 7 for the Sarawak H2biscus Green Hydrogen Project to supply hydroelectric-power-based renewable power. The four companies and Sarawak Energy aims to produce green hydrogen from 2027 by conducting joint research to find a stable power supply for hydrogen production and completing the feasibility study by this year. "If the discussion on the power supply is successfully progressed, the H2biscus project will be the hub of hydrogen supply in Asia", said Byeong-og Yoo, Senior Executive Vice President.SEOUL, South Korea, Sept. 15, 2022 /PRNewswire/ -- POSCO Holdings will cooperate with Samsung Engineering, Lotte Chemical, Malaysian Sarawak Economic Development Corporatio

POSCO resumed the operation of the no. 4 and no. 2 blast furnaces as of September 12: the entire blast furnaces of Pohang Steelworks are under normal operation.POSCO resumed the operation of the no.4 steel converter and has run an emergency shipment response team starting September 12.The rolling line, which was most heavily affected by the flooding of the Nangcheon Stream, is under draining work.SEOUL, South Korea, Sept. 13, 2022 /PRNewswire/ -- POSCO Pohang Steelworks started producing semi-finished steel as the no.3 blast furnace, and some of its steel-making plants returned to normal. POSCO resumed the operation of the no.3 blast furnace on September 10 and no.4 and no.2 blast furnaces o

- The normalization of the Iron and Steel Making Substation is scheduled to be completed this morning… Target to complete power recovery by the 10th - The steelworks is also scheduled to resume operation within the holiday period - All environmental maintenance in the steelworks will be completed within the Chuseok holiday period SEOUL, South Korea, Sept. 7, 2022 /PRNewswire/ -- POSCO's typhoon damage restoration work is accelerating. POSCO is planning to operate the three blast furnaces at the Pohang Works, which are currently blown down, sequentially from the 10th. The Iron and Steel Making substation, which suffered flood damage, will be normalized this morning, and desalinated water faci