[Concall] POSCO Holdings "This Year to Achieve Visible Investment Results Including First Commercial Lithium Production"

2022 Performance Announcement

[Asia Economy Reporter Choi Seoyoon] Jeong Gisub, Chief Strategy Officer (CSO) of POSCO Holdings, stated during the Q4 earnings conference call held on the 27th that "Except for natural disasters, the global tightening of fiscal policies, geopolitical conflicts, contraction in global demand, rising costs, and a global recession created a complex crisis that significantly shrank the operating performance of the group's businesses, especially in the steel sector, in Q4 last year."

He added, "Fortunately, since the transition to a holding company system in March last year, the company has been preparing various investments to change the business structure that previously relied solely on steel and to enable growth in the eco-friendly future materials sector. Through this, we have established a solid foundation to effectively respond to external uncertainties. As a result, we expect this year to be a year in which the outcomes of proactive investments, such as the first commercial production of lithium, will become visible."

Panoramic view of POSCO Center, Gangnam-gu, Seoul. [Photo by POSCO]