POSCO Future M seeks to issue up to 200 billion won in bonds amid financial strain [fn Market Watch]

POSCO Holdings (PKX) received approval from the Western Australian government for its $3B low-carbon iron project. The Port Hedland Iron project will process 3M to 3.5M tons of iron ore annually, producing low-carbon hot briquetted iron. This approval is a significant step for the company's expansion in low-carbon iron production. According to the company, the project will help meet growing demand for sustainable steelmaking materials.

Rocket Lab (RKLB) shares fell 11% on Thursday, extending monthly losses to 25%, after delaying its Neutron rocket's inaugural flight to 2027 due to a manufacturing defect. Analyst Suji Desilva maintains a Buy rating and $110 price target, citing long-term benefits of the delay. Wall Street consensus remains bullish with a Strong Buy rating and $100.75 average price target.

POSCO HOLDINGS completed the upstream process of its second brine lithium plant in Argentina, expanding its annual production capacity to 48,000 tons. The company plans to link this with a downstream process to produce 50,000 tons of lithium hydroxide by 2027. CEO CHANG In Hwa emphasized the strategic importance for Korea's resource development and supply chain stability.

POSCO Future M signed a KRW 6 trillion long-term supply contract with Samsung SDI, more than doubling the volume of a previous agreement. The deal includes LFP, LMO, and synthetic graphite anode materials, expanding their strategic partnership and securing Samsung SDI's supply chain. POSCO Future M aims to improve business predictability and investment efficiency.

POSCO Group announced plans to build a decarbonized industrial ecosystem based on 'Steel GX,' a K-GX signature project. The company will collaborate with the government to supply clean energy and create a low-carbon steel market. POSCO aims to construct a HyREX demonstration facility with a 300,000-ton annual capacity by 2028, expecting economic benefits and job creation. The project will initially focus on the Southeastern region and later expand to the Southwestern region.

Posco Future M signed a $4.5B deal with Samsung SDI to supply LFP cathode materials from 2027 to 2032, more than doubling a prior agreement. The company is converting production lines and building a new plant to meet demand. Korean battery firms are expanding in North America due to US restrictions on Chinese suppliers, which require increasing shares of non-Chinese materials for tax credits.