In case missed yesterday. Evidence that longer term demand for ex China raw materials across the EV carmakers is robust
POSCO Int’l wins $9 bn permanent magnet orders from US, Europe.
The deals are expected to expedite the company’s move to build the ex-China global permanent magnet supply chain
POSCO International Corp. has bagged deals worth nearly 1.2 trillion won ($9 billion) in total to deliver permanent magnets to finished carmakers in North America and Europe, using rare earth minerals sourced outside of China to speed up the creation of the ex-China global permanent magnet supply chain
The general trading unit of South Korea’s No. 1 steel group POSCO Holdings Inc. announced on Tuesday that its US operation has landed a deal worth about 900 billion won to supply permanent magnets to an unnamed finished automaker in North America from 2026 to 2031
https://www.kedglobal.com/electric-vehicles/newsView/ked202403120010
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