Posco International posted a record-high performance in the second quarter this year, announcing an operating profit of 320.6 billion won ($245.1 million), an on-year increase of 88.6 percent.
A new survey by the Bank of Korea found that four out of every 10 companies said this year raw material prices have risen by more than 20 percent compared to last year.
Posco Holdings signed a memorandum of understanding (MOU) with Australia’s Hancock on Monday related to mine development and the processing of raw materials used in electric vehicle (EV) batteries.
With the secondary battery material business deemed a priority as a new growth industry, Posco is building a value chain for secondary battery materials businesses by expanding core raw materials businesses along with anode and cathode businesses.
Korean Air Lines transported frozen materials for coronavirus vaccines to the Netherlands on Tuesday, the first such operation by a domestic airline.
Korea JoongAng Daily Sitemap
