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Stock impact report

POSCO Holdings Inc. (PKX) Strengthens Supply Chain Amid Global Trade Shifts [Yahoo! Finance]

POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX) 
Company Research Source: Yahoo! Finance
subsidiary of POSCO Holdings Inc. (NYSE:PKX), approved a KRW 357 billion investment to build its first overseas artificial graphite anode material plant. The plant will be located in Thai Nguyen, an industrial city in northern Vietnam. Source: pixabay The company committed to start construction in the second half of this year. It added that it targets to start mass production in 2028, and that the plant will be built on a site capable of scaling up to 55,000 metric tons of annual production capacity. Further expansion will proceed in phases as additional orders are secured, POSCO noted. According to management, the move is a direct response to intensifying global trade regulations. This includes the US Inflation Reduction Act's Prohibited Foreign Entity rules and Europe's Critical Raw Materials Act. Both of these regulations are pushing automakers and battery manufacturers to reduce their dependence on Chinese suppliers and diversify their supply chains, stated POSCO. Manageme Show less Read more
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