POSCO Holdings stock adds 50,000 tons of lithium capacity
Published on 10/08/2026 at 02:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
POSCO Holdings stock (ISIN US6934831099) was last at USD 56.26 on the NYSE on October 7, 2026. The company is expanding its battery-materials platform after completing the upstream stage of its second Argentine lithium plant on October 6, according to Seoul Economic Daily.
Lithium chain reaches 50,000 tons
The upstream facilities near Argentina's Hombre Muerto salt lake have annual capacity of 23,000 tons of lithium carbonate. Together with POSCO's first Argentine plant, the project supports a 50,000-ton annual lithium hydroxide value chain, with USD 954 million invested in the second plant, Seoul Economic Daily reported on October 7, 2026.
The planned chain is designed to produce enough lithium hydroxide for about 1.25 million electric vehicles. The downstream plant in South Korea is scheduled for completion in 2027, making execution and ramp-up the key operating variables for the new capacity.
Q2 revenue rises 9.7 percent
POSCO Holdings generated KRW 19.3 trillion in Q2 2026 revenue, up 9.7 percent from the year-earlier quarter, while operating profit reached KRW 819.0 billion, according to ATS View. Net income reached KRW 761.3 billion in the same quarter.
The figures give the lithium expansion a stronger financial backdrop than the prior-year comparison alone suggests. Revenue growth was positive, but the stock performance shows that investors are still weighing steel conditions and the timing of battery-materials profits against the capacity buildout.
Stock falls to USD 56.26
PKX fell 4.2 percent to USD 56.26 on the NYSE on October 7, 2026. Its 52-week range was USD 44.99 to USD 92.40, placing the stock 39.1 percent below the yearly high, while market capitalization stood at USD 17.0 billion on the same date.
Key facts on POSCO Holdings stock
- Company: POSCO Holdings Inc.
- ISIN: US6934831099
- Ticker: PKX
- Trading venue: NYSE
- Price (as of October 7, 2026): Closing price USD 56.26
- Market capitalization: USD 17.0 billion (as of October 7, 2026)
- 52-week range: USD 44.99-92.40 (as of October 7, 2026)
- Sector / Industry: Materials / Steel and metals
More news and analysis on POSCO Holdings stock can be found on the company topic page.
