UBS downgraded POSCO from Buy to Neutral
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/1/2023 | Equal-Weight → Underweight | Morgan Stanley | |
| 7/26/2023 | Buy → Neutral | UBS | |
| 7/24/2023 | Buy → Neutral | Citigroup | |
| 4/13/2023 | Neutral → Underweight | JP Morgan | |
| 10/24/2022 | Overweight → Neutral | JP Morgan | |
| 10/12/2021 | Neutral → Sell | UBS |
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
6-K - POSCO HOLDINGS INC. (0000889132) (Filer)
6-K - POSCO HOLDINGS INC. (0000889132) (Filer)
6-K - POSCO HOLDINGS INC. (0000889132) (Filer)
The market for coal used to make steel is in the summer doldrums, but supply outages in Australia and the United States are providing underlying tightness that could cause prices to spike in the late summer and fall once Asian steelmakers start restocking. Mine fires in Australia and West Virginia and a lock and dam closure in Alabama are causing latent tightness that won't become visible until India and China come back to the market between August and October. Once they do, prices are likely to move higher but remain capped below record highs by a sluggish global economy. "The supply side looks very supportive of met coal prices," John Berman, chief investment officer with natural re
The recent North American Battery Series, hosted by J.P. Morgan, provided crucial insights into the battery industry’s future. The event featured experts and corporations from various segments of the battery value chain. Key themes emerged, shedding light on the industry's trajectory, innovation focus, and supply chain strategies. EV Sales Projected To Grow 20%-23% YoY In 2024 J.P. Morgan’s Global EV Battery team, led by Parsley Ong, shared an optimistic outlook for global EV sales, projecting a 20%-23% year-over-year growth in 2024. China will lead this growth, while the U.S. and European markets will align with more muted expectations. In this light, stocks of China-based EV ma
Morgan Stanley downgraded POSCO from Equal-Weight to Underweight
UBS downgraded POSCO from Buy to Neutral
Citigroup 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