$PKX

POSCO Holdings reported Q2 2026 consolidated revenue of KRW 19.3 trillion and operating profit of KRW 819 billion, up from the prior quarter, according to management. Rechargeable battery materials swung to a surplus for the first time in nine quarters, driven by Argentina lithium. Steel operating profit rose to KRW 274 billion. The company reiterated restructuring and CapEx plans.

POSCO Holdings said in a regulatory filing it will sell shares in two affiliates on Sept. 7. It plans to divest 2 trillion won in POSCO International and 500 billion won in POSCO DX, totaling 2.5 trillion won. The company said the sales aim to raise investment funds and improve corporate value, leaving it with 50% stakes in each affiliate.

POSCO Future M said it agreed to supply over 190,000 tons of lithium iron phosphate (LFP) cathode materials to a major Korean battery maker over six years from 2027 to 2032. The deal is estimated at about 3 trillion won ($2.1 billion) and will be formalized in Q3 after terms are finalized. POSCO Future M plans LFP mass production by year-end.

POSCO Air Solution, POSCO Group’s industrial gas unit, said it received AS9100D aerospace and defense quality certification from LRQA on Aug. 6. The firm cited completion of a high-purity rare gas plant at POSCO’s Gwangyang Steelworks with 130,000 N㎥ annual capacity. It also reported verified xenon and krypton performance for electric propulsion.

POSCO Holdings reported Q2 2026 consolidated results: revenue 19.259 trillion won ($13.5B), operating profit 819B won ($572.9M), and net profit 761B won ($532.3M). Steel sales and operating profit rose vs Q1 due to higher prices and volumes, offsetting higher raw material and oil costs. The company raised its restructuring targets and plans $4.67B overseas steel investment over two years.

Posco DX (formerly POSCO ICT) launched Smart EMS, an AI solution that monitors and optimizes energy flows across industrial facilities and buildings in real time, according to the company. The article cites Futurum survey data showing 84.5% of channel partners view AI software as a top 2026 growth driver and forecasts the Channel Ecosystems market reaching $41.8B by 2029.

Posco Holdings said it will invest 29.1 trillion won from 2024-2028, with 6.7 trillion won allocated to overseas steel. It targets doubling overseas crude steel capacity from about 5 million tons to 10 million tons by 2031, including an integrated automotive sheet system in Indonesia via Krakatau Posco. The plan also covers India and US projects; Q2 overseas sales rose to 1.37 trillion won but operating profit fell to 47 billion won.

FactSet data cited by the article says analysts covering POSCO HOLDINGS INC. cut the 12-month average price target to $80.94 from $82.77. The range is $52.61 to $109.97. Using the Jul. 30 close, the target implies about 49% upside. Consensus remains “Buy” with 17 Buys, 5 Holds, 0 Sells.

Argentina approved POSCO Argentina SAU SDE’s “Golden Salt II” project under the Incentive Regime for Large Investments (RIGI), via Resolution 1157/2026. The plan would build a plant in Salar del Hombre Muerto to produce about 23,000 tons of lithium carbonate annually for export, with a USD 207.9 million investment and RIGI tax, customs, and exchange benefits, according to Argentina’s Ministry of Economy and an official statement.

POSCO (South Korea) signed a strategic offtake agreement with Australia’s Meteoric Resources for the Caldeira ionic clay rare earth project in Minas Gerais, Brazil. POSCO can secure up to 30% of future output for as long as seven years, confirmed in July 2026. No contract value was disclosed. WEG is cited as a potential downstream magnet customer.