POSCO Holdings Inc.’s PKX POSCO Future M is focusing its push on lithium iron phosphate (LFP) cathode supplies after signing a three way partnership settlement with CNGR and its Korean subsidiary, FINO. The settlement was signed at FINO’s headquarters in Anyang, Gyeonggi-do, for the LFP cathode materials plant development.
POSCO Future M, in 2024, established CNP New Materials Know-how in partnership with CNGR and FINO to deepen cooperation in secondary battery supplies with CNGR.
The board authorized that the companions will proceed with the development of an LFP cathode materials plant at Pohang’s Yeongil Bay Basic Industrial Advanced 4. Development is scheduled to start in 2026, with mass manufacturing focused to start in 2027. Preliminary capability is predicted to be expanded to an annual output of as much as 50,000 tons.
Though LFP batteries supply decrease output than ternary batteries, their cost-effectiveness and longer lifespan have pushed speedy adoption in ESS and entry-level electrical autos. POSCO Future M goals to determine a full-fledged LFP cathode materials enterprise whereas strengthening collaboration with CNGR and FINO throughout manufacturing, expertise and advertising and marketing.
In the meantime, POSCO Future M plans to transform parts of its present high-nickel manufacturing strains at its Pohang plant to LFP manufacturing. It will allow earlier market entry, with provides deliberate for the second half of 2026.
PKX’s shares have gained 19.2% over the previous yr in contrast with the trade’s 48.2% development.
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PKX’s Zacks Rank & Key Picks
PKX at the moment carries a Zacks Rank #3 (Maintain).
Some better-ranked shares within the Fundamental Supplies area are Agnico Eagle Mines AEM, Kinross Gold Company KGC and Concord Gold Mining Firm Restricted HMY.
At current, AEM and KGC sport a Zacks Rank #1 (Sturdy Purchase) every, whereas HMY carries a Zacks Rank #2 (Purchase). You’ll be able to see the whole listing of right this moment’s Zacks #1 Rank shares right here.
The Zacks Consensus Estimate for AEM’s 2025 earnings is pegged at $7.87 per share, indicating an increase of 86.05%. Its earnings beat the Zacks Consensus Estimate in every of the trailing 4 quarters, with a median shock of 11.63%. AEM’s shares have gained 114% over the previous yr.
The Zacks Consensus Estimate for KGC’s 2025 earnings is pinned at $1.68 per share, indicating a 147.06% year-over-year improve. Its shares have surged 192.1% over the previous yr.
The Zacks Consensus Estimate for HMY’s present fiscal-year earnings is pinned at $2.68 per share, indicating a 111.02% year-over-year improve. HMY’s shares have gained 137.2% over the previous yr.
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