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In other news, Alcoa plans to invest $65 million to expand and upgrade its Norway smelter for recycled content, and FabArc Steel Supply broke ground on its Oxford, Alabama, headquarters.
POSCO (NYSE:PKX) executives said first-quarter 2026 results improved from the prior quarter despite heightened volatility tied to geopolitical tensions, while the company advanced major steel decarbonization projects and outlined a new performance-linked shareholder return framework. Quarterly resu
Lithium prices have risen sharply this year on rising demand from ESS, tighter supply.
POSCO Holdings Inc (PKX) reports significant revenue and profit improvements, driven by strategic shifts and reduced losses in lithium operations.
Asian equities traded in the US as American depositary receipts were declining on Tuesday morning, d
PKX plans India expansion with JSW Steel to build 6M-ton Odisha plant, targeting high-grade steel and boosting global competitiveness by 2031.
STLD and Nucor edged higher early Tuesday after both steel stocks broke out during Monday's regular session ahead of Steel Dynamics' late-day earnings report. Cleveland-Cliffs opened the first-quarter earnings season for the steel sector early Monday morning, signaling an improved outlook. Steel Dynamics' Q1 results showed a surge in earnings with a big assist from Trump tariffs.
PKX speeds up AI factory push as POSCO DX backs domestic NPU tech, aiming to cut GPU reliance and boost real-time, secure manufacturing efficiency.
PKX teams up on anode-free lithium metal batteries, targeting faster charging and up to 50% higher energy density in next-gen tech.
Chinese suppliers play a major role in global artificial graphite supply, but demand is growing for other sources with lower trade risk.