What does POSCO stand for?

Thank you everyone for your participation today. So we will keep in mind all the questions and the comments that you have made so that we can open up a better future for POSCO. So with that, I would like to wrap up and close the second quarter earnings call release of POSCO Holdings. So for recycling and for lithium, you asked a few questions. And Mr. Lee Kyung-seop, Head of LiB Materials business will give you the answer. And in April 2022, we broke ground for the construction of a 300,000 ton facility expansion in Gwangyang.

So that is one of the advantage that we have. And as for the HyREX and the electric arc furnace, you mentioned about the size. As for the EAF, we have a lot of knowhow in running. So there is a good knowhow accumulated to the FINEX, and we also have the knowhow of the electric arc furnace. So if we combine all of these knowhow, so there will be actually a synergy.

• 4 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for POSCO in the last twelve months.
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• In addition, by applying POSCO Group’s independently developed lithium extraction technology, the company has secured global competitiveness in terms of productivity by dramatically shortening production time and improving yield.
• And for brine, well, we haven’t kick started the project.

Well, for recycling, so by 2030, the goal is — so it depends on the type of battery, but we have N62 target, about 70,000 tons of total minerals. And for cobalt, we haven’t released any plans yet, but for cobalt, we plan to recycle. And then during nickel refining, we can then get cobalt, which is why we don’t have it as a separate business.

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But the EV demand that we see, as for the EV demand, there was the economic downturn and there was a reduced subsidies in Europe and China. And there was a drastic actually downturn of the EV sales. But things have turned around and by end May, the EVs were sold in 480,000 in numbers. So that’s about 40% increase in sales of cars and also the 50% increase in sales of batteries. So overall, you can say that the EV sales will also increase by 42% this year. So, the market expects about 15 million units for EVs.

And once that is complete or over, we believe that instead of transferring that to the private sector, Chile said that the government will take the ownership. And of course if they were to open the bidding to the private sector, then we could join the biding. And for Bolivia, now the product itself has been nationalized. So we do not see any potential opportunities in Bolivia. And last but not least, recently, not only POSCO Holdings, but also we’ve seen the share increase.

And in 2026, there is additional 60,000 and also 10,000 for recycling tons expected. I am Jeong Dae-Hyung from Corporate Strategy team of Holdings. You mentioned about the breakdown of KRW 121 trillion of CapEx. So there ig group review is the steel, the secondary materials and green infrastructure. And for each segment, by 2030, if you look at the volume of CapEx, so steel will represent about 35%, secondary materials 46% and green infrastructure 15%.

With the intent to effectively address the evil of sexual exploitation and sexual abuse of children, Protection Of Children from Sexual Offences Act (POCSO) was passed by the parliament in the year 2012. Located between the Welcome Center and POSCO History Museum, Waterside Park offers a quiet refuge. Please take time to enjoy a bit of nature around the pond during your visit. Pohang Iron and Steel Company (POSCO) is a multinational steel-making company headquartered in Pohang, South Korea.

• Now moving on to POSCO Future M. POSCO Future M keeps posting steady growth.
• So, Mr. Kim Seung-Jun of the finance team will give you the answer.
• And for POSCO Inter Co, Mr. Jeong Dae-Hyung will give you the answer.
• And is that included to the 30,000 tons by 2030 goal?
• My name is Kim Seung-Jun, I’m the Head of the Finance team.

And we plan to become a global top three lithium player by 2030. And as for the [indiscernible] and the Chinese competitor, they are like global number one and number two. And their goals have also been adjusted upward as well.

Significance of the POCSO Act

And for ore, that takes second place of EBITDA. So you have profit from mining and also you have profit from ore, and you have to split the two, which is why for ore EBITDA is lower. And for brine, well, we haven’t kick started the project.

Profitability and Growth

So you talked about the possible adjustment of shares. And after we kick start the launch of the surviving company, we have been working on the stock governance. But then given the share price change and also the funding and the ownership, well, you talked about that. But anyways, from that perspective, we do not have any plans to adjust the shares.

PKX Company Calendar

The first is regarding the Gwangyang lithium business. So with Pilbara, you actually, we see a slight delay in the ore price negotiations. alpari review So we have three months before the production. So when will this price negotiations or contract negotiations end with Pilbara?

Frequently Asked Questions (FAQ)

A lot of the global companies are going for low-carbon products and many steel makers are very much committed to achieve net-zero and that is why they are accelerating the hydrogen reduced iron projects. But there is the ESF review if you can: millennials can get rich slowly type, which is our type. And there is a shaft type and EAF, electric arc furnace type done by the EU. But the biggest difference between the two is that as for the shaft type, we have to use a very high quality iron ore.

The landmark Posteel Tower on Tehran Street, in Seoul’s Gangnam district (not to be confused with the POSCO Center, also on Tehran Street) was completed in 2003. So on Monday of last week, you said that you will handle black powder and the total will be about 10,000 tons. And is that included to the 30,000 tons by 2030 goal? And also I have a question about recycling margin. So if you look at the sales of black powder, as of Li-Ni, it’s about 70% or 70% nickel.

For the past 12 months, POSCO Holdings’s return on invested capital is 4.24, and its cost of capital is 8.26. One of the most important factors in the valuation of a company is growth. Companies that grow faster create more value for shareholders, especially if that growth is profitable.

In Q1, POSCO launched renewable energy steel with increased use of renewable energy like solar and wind power. And in Q2, we launched a third-party verified low-carbon product called Green certified steel. Also on this day, CEO Jeong-woo Choi requested cooperation in the hydrogen and food sectors as well as the battery material business, and President Fernandez promised active cooperation. In addition, CEO Choi asked for support from the Argentine government for Busan hosting the 2030 Expo from the perspective of NGO diplomacy. Considering the mining possibility and yield, it is expected that at least 2.8 million tons of lithium carbonate will be produced.

The company offers hot and cold rolled steel, steel plates, wire rods, galvanized steel, electrical steel, stainless steel, and titanium. It is also involved in the e-commerce business; processing and sale of steel by-products; and provision of business support, and office administration and management consulting services. The company serves automotive, construction, shipbuilding, energy, home appliances, and industrial machinery applications. POSCO Holdings Inc. was incorporated in 1968 and is headquartered in Pohang, South Korea. For precursor, for now for precursor, by 2030, the plan is to have about 460,000 self-sufficient precursors set, that is about 50%, that is the target.