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Stock impact report

South Korea and Western Australia ink MOU on critical minerals [Yahoo! Finance]

POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX) 
Company Research Source: Yahoo! Finance
The MOU was signed by South Korea's Minister of Trade, Inkyo Cheong, on behalf of Korea's Ministry of Trade, Industry and Energy (MOTIE) and WA Premier Roger Cook. It builds on a letter of intent signed in January 2023, aiming to enhance cooperation between the WA Government and MOTIE in the areas of clean energy development and processing. Western Australia is rich in critical minerals and has “vast potential” for clean hydrogen and ammonia production, MOTIE said. The MOU is expected to “advance bilateral energy collaboration in various areas including critical minerals, hydrogen, CCS [carbon capture and storage] and renewables”. Cook commented: "We see real opportunities to grow our trading partnership, as part of my plan to position WA as a global renewable energy powerhouse.” The Korean trade minister also met with Australia's Minister for Resources and Minister for Northern Australia Madeleine King on 1 September in Perth on the sidelines of the 6th Korea-Australia FTA J Show less Read more
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