POSCO Stock News

POSCO management is pursuing an ambitious growth plan that would see the steel operations shrink to around half of total company revenue while generating significant growth from batteries and hydrogen

South Korean steelmaker Posco said on Monday it will invest $4 billion in a new lithium mining project in Argentina, as the company seeks to tap into soaring demand for the key rechargeable battery me

U.S. automotive giant General Motors (GM) and South Korea''s Posco Chemical have announced plans to build a plant in Quebec that will produce the materials needed for electric vehicle (EV) batteries. The companies said the new facility, to be based in Becancour, Quebec, will cost $400 million U.S. It will produce cathode active materials (CAM) for GM’s Ultium EV batteries and will be a standalone factory. The materials developed in Quebec will be moved to Ultium plants in the U.S. where the battery cells will then be made by General Motors and Posco Chemical. General Motors said in a news release that CAM consists of processed nickel, lithium and other materials, and will ultimately help power electric vehicles such as the Chevrolet Silverado EV and GMC Hummer EV. CAM represents almost 40% of the cost of every electric vehicle battery. Site preparation and construction are scheduled to begin immediately and will create around 200 jobs in Quebec. The Quebec announcement comes after GM and Posco agreed to form a CAM processing joint venture last December and build a factory in North America.

(Kitco News) - Today, US automaker General Motors and South Korea’s POSCO Chemical announced that they are working with the governments of Canada and Quebec to build a new battery materials facility in Bécancour, Quebec, estimated at $400 million (C$500 million).

General Motors Canada''s David Paterson tells Electric Autonomy Canada exclusively what GM''s new facility in Bécancour Industrial Park, slated to begin operation in 2025, will mean for the company and for Canada''s EV battery supply chain The post GM, Posco to build $500-million Canadian cathode active material factory in Quebec to supply Ultium battery factories appeared first on Electric Autonomy Canada .

The companies say the new facility in Becancour, Que., will cost US$400 million. It will produce cathode active materials (CAM) for GM''s Ultium batteries.

General Motors Co. ( GM , Financial) said on Monday that, together with South Korean chemical maker POSCO Chemical Ltd. ( XKRX:003670 , Financial), it is working with the governments of Canada and Que

(Reuters) -General Motors Co and South Korea's POSCO Chemical will build a $400 million facility to produce battery materials in Canada as the carmaker ramps up plans to produce mainly electric vehicl

(Kitco News) - Today, US automaker General Motors and South Korea's POSCO Chemical announced that they are working with the governments of Canada and Quebec to build a new battery materials facility i

Court makes ruling while quashing a POSCO case lodged against an admin of a WhatsApp group for posting a child pornography on it by one of its members

Bhopal: 14-year-old raped, threatened by relative; accused booked under POSCO

"Benjamin Graham Value Stocks match the criteria. Benjamin Graham followed." -YCharts Value Screener. 35 Graham-Formula Picks screened-by YCharts 2/16/22 were based-on Ben Graham's value detection cri

The offer was presented by Posco International

As the law meant to protect children from sexual offences (Pocso) is a stringent act, the prosecution has the burden to prove the age of the minority with strict proof, said a special designated court on January 31, acquitting a man for want of such proof.

SEOUL (Reuters) -South Korean steelmaker POSCO's operating profit more than tripled to a record 9.2 trillion won ($7.62 billion), boosted by strong demand and higher prices of the construction raw mat