UPDATE 2-China's CATL buys into beaten down Australian lithium miner Pilbara [Reuters]
POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX)
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Source: Reuters
UPDATE 2-China's CATL buys into beaten down Australian lithium miner Pilbara - Reuters 3 Min Read (Recasts, adds detail, investor comment) MELBOURNE, Sept 4 (Reuters) - China electric vehicle battery maker CATL has taken a stake in Australia’s Pilbara Minerals, the lithium miner said on Wednesday, after a supply glut hammered the sector and forced it to raise equity to fund working capital. Contemporary Amperex Technology Co, one of China’s leading electric-vehicle battery makers, has bought an 8.5% stake in the company as part of a A$91.5 million ($61.8 million) capital raising, Pilbara said in an exchange filing. CATL bought the stake through a A$55 million placement while an additional A$36.5 million was raised through an institutional placement at A$0.30 a share. As recently as late May, Pilbara traded above A$0.80 a share. “Considering where the stock was closer to $1 not that long ago, it does seem quite dilutive to have to raise capital right now,” said a Melbourne-based fund m
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News
- American Resources Corporation's ReElement Technologies and POSCO International Come Together to Develop a Sustainable Rare Earth Element and Magnet Supply Chain [Yahoo! Finance]Yahoo! Finance
- POSCO Holdings Inc. (NYSE: PKX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Global Silicon Oxide Precursor Market Witnessing Explosive Growth at 60.6% CAGR, Forecast 2024-2030 | Valuates Reports [Yahoo! Finance]Yahoo! Finance
- Iron Castings Market to Grow by USD 50.34 Billion (2024-2028), Driven by Automotive Segment Growth, with AI Impacting Market Trends - Technavio [Yahoo! Finance]Yahoo! Finance
- POSCO Holdings Inc. (NYSE: PKX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
PKX
Sec Filings
- 11/1/24 - Form 6-K
- 10/30/24 - Form 6-K
- 10/30/24 - Form 6-K
- PKX's page on the SEC website