Posco Holdings, which is popular, soars by 10%… “Beyond Hyundai Motor’s market cap”
Posco (KS:). Photo = Infostock Daily
[인포스탁데일리=서동환 기자] Shares of POSCO Holdings soared by 10% during the day. Thanks to the expansion of the secondary battery material business, it surpassed the market cap of Hyundai Motor Company (KS:) (42.2 trillion won).
As of 2:30 pm on the 21st, POSCO Holdings is trading at 549,000 won, up 51,500 won (10.35%) from the previous day.
The market capitalization of POSCO Holdings exceeded KRW 46,429.6 billion, ranking 7th in market capitalization (excluding preferred stocks). The difference in market capitalization with Samsung SDI (46,966.2 billion won), which is ranked sixth, is only 198.3 billion won.
As POSCO Holdings expanded its business area to the secondary battery material field, buying was driven by future growth potential.
At the ‘Secondary Battery Material Business Value Day’ held on the 11th, POSCO Group announced its plan to build the entire value chain from battery raw materials to core materials, excluding finished batteries.
Accordingly, sales growth of 62 trillion won is expected in the secondary battery material business alone by 2030.
Jang Jae-hyeok, a researcher at Meritz Securities, said, “POSCO Group plans to build a production system for 423,000 tons of lithium, 240,000 tons of nickel, 1 million tons of cathode materials, and 370,000 tons of anode materials.”
Reporter Seo Dong-hwan [email protected]
2023-07-21 07:23:36
#Posco #Holdings #popular #soars #10.. #Hyundai #Motors #market #cap #Infostock #Daily
