[Concall] POSCO Holdings "Short-term surge in lithium prices due to IRA... Expected to maintain around $60,000 per ton"
Q3 Earnings Conference Call
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[Asia Economy Reporter Choi Seoyoon] POSCO Holdings stated on the 24th during the Q3 2022 earnings conference call that the recent surge in lithium prices is due to increased demand from electric vehicle companies competing to secure lithium materials following the Inflation Reduction Act (IRA). They added, "There are market forecasts that prices could exceed $80,000 per ton within the year."
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They continued, "Institutions expect around $64,000, but based on this year's trend, we believe the price will at least maintain the $60,000 range," and said, "There is currently no reason for a significant drop next year."
This content was produced with the assistance of AI translation services.
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