Looks like Posco will have to divest itself from several battery related JV's with China or it will be out of the US battery metals loop - due to the new US laws limiting Chinese involvement in the sector to 25%. Fortunately, Posco says it has escape clauses in their contracts with their Chinese JV partners. I certainly hope so or their product will not qualify for the IRA $7,500 tax rebate until Posco's China JV are dispensed with.
Most other Korean battery sector players share prices experienced a significant rise on the Monday news, while Posco's fell >2%.
Can anyone see any Chinese repercussions from the US stance? And presuming Posco resolves its US/China problem, does it mean PLS will benefit more readily from the US? - I just read this news on Bloomberg, so I'm still thinking about the outcome of opposing scenario outcomes.
Good News & Bad News, page-36317
-
- There are more pages in this discussion • 8,964 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.94 |
Change
-0.060(2.00%) |
Mkt cap ! $8.806B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.96 | $2.91 | $17.24M | 5.883M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 1242786 | $2.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 96722 | 41 |
View Market Depth
| Last trade - 12.19pm 23/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |