GM joint venture pauses phase 2 of Canadian battery materials plant as EV outlook dims [Yahoo! Finance]
POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX)
US:NYSE Investor Relations:
posco.com/homepage/docs/eng5/jsp/invest/archive/s91b6010071l.jsp
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Source: Yahoo! Finance
venture battery materials plant in Quebec amid tepid consumer demand for electric vehicles and North American policy decisions that have undercut growth in the segment. The Ultium CAM plant being commissioned in Bécancour remains on track to start producing cathode active material for EV batteries next year, but the team will not immediately proceed with an expansion project, as originally planned. “In light of evolving market dynamics, GM and our partners will pause the second phase of the project,” GM Canada spokesperson Marie Binette said in a email. The move was first reported by Radio-Canada. Sign up for the Automotive News Canada Daily to get the top news of the day in your inbox each business weekday afternoon. GM and South Korea-based Posco started construction on the Cdn $600 million plant in 2022. A year later, they announced plans to broaden the scope of the project to include an integrated battery precursor materials plant, taking the value of the investment to o
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News
- Posco, Factorial collaborate on next-gen battery materials [Yahoo! Finance]Yahoo! Finance
- POSCO (NYSE:PKX) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- POSCO Holdings: It's All About Capital Allocation [Seeking Alpha]Seeking Alpha
- POSCO (NYSE:PKX) was upgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "sell (d+)" rating to a "hold (c-)" rating.MarketBeat
- Three Workers Hospitalised After Inhaling Gas At S. Korean Steel Plant [Barron's]Barrons
PKX
Sec Filings
- 11/28/25 - Form 6-K
- 11/12/25 - Form 6-K
- 11/12/25 - Form 6-K
- PKX's page on the SEC website