[Special Stock] PJ Metal Unveils Hyundai Motor's 100% Aluminum Conversion Technology... Aluminum Deoxidizer Monopoly Increases

PJ Metal is showing strong performance. It is interpreted as being influenced by the news that Hyundai Motor Company will unveil technology for utilizing aluminum materials.

As of 1:17 PM on the 11th, PJ Metal is trading at 3,725 KRW, up 3.76% from the previous day.

According to the industry, Hyundai Motor Europe Technical Center and Alumobility will reveal technology that theoretically converts the existing steel-intensive mixed-material automotive body structure entirely to aluminum. They plan to showcase the aluminum design transformation case of the Genesis GV70 EV at the 25th EuroCarBody Global Body Benchmarking Conference, held from the 17th to 19th in Bad Nauheim, Germany.

The presentation involving researchers from Hyundai Motor Europe Technical Center and Alumobility will take place on the 19th. The two companies plan to introduce technology that reduces weight by 40% compared to existing steel parts by converting steel to aluminum, while maintaining safety and body rigidity.

Meanwhile, PJ Metal produces aluminum deoxidizers. According to its business report, PJ Metal holds a 48.1% share of the domestic market, sharing the market with POSCO M-Tech. Additionally, it is producing aluminum billets as a new product. Aluminum billets are essential intermediate materials used in aluminum extrusion.