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Announcing the performance and future vision of the Secondary Battery Materials business… Accelerating balanced growth of the group with focus on new growth activities

Cathode sales · Anode material business is expected to exceed 1 trillion Korean Won this year… Maximizes synergy by establishing a value chain for all cycles, from the production of secondary battery raw materials and cathode anode materials for recycling

was held in Singapore on the 7th for foreign investors

The POSCO Group organized to reveal the role and growth objectives of the holding company, and to present the performance and future vision of the Secondary Battery Materials business.

About 150 people attended the event held at the POSCO Center on the 5th, including Jung-Seon Jeon, Corporate Strategy Team Leader (Chairman) of POSCO Holdings, Byeong-Og Yoo, Head of Green Materials and Energy Business Team (Senior Executive Vice President) of POSCO Holdings, Kyung-Seop Lee, Head of LiB Materials Business Project Team (Executive Vice President), Dae-Heon Jung, responsible for Energy Material (senior executive vice president), domestic and foreign institutional investors and securities firm analysts.

Since the development of lithium mining technology in 2010, POSCO Group has been striving to build a value chain for supplying secondary battery materials, such as △Cathode anode materials business, △Strengthening of the secondary battery materials business such as the acquisition of the lithium salt lake in Argentina, equity participation in Australian lithium nickel and graphite mines in Tanzania, △ expansion of the secondary battery recycling business, and △ establishing next-generation secondary battery material capabilities.

In particular, this event provided a virtual experience opportunity using the latest videos from global business sites such as Salt Lakes in Argentina, Lithium and Nickel Mines in Australia, and POSCO HY Clean Metal to enhance participants’ understanding.

Jung-Seon Jeon, Team Leader of Corporate Strategy, said, “Due to the steel-oriented business structure, POSCO Holdings’ stock price has shown a cyclical flow that repeats fluctuations depending on steel market conditions. In order to move away from this trend and shift to an upward trending growth chart, we will focus on new growth businesses such as secondary battery materials and hydrogen and accelerate the group’s balanced growth. »

Byeong-Og Yoo, Head of Green Materials and Energy Business Team of POSCO Holdings, gave a presentation on “The Past, Present and Future of POSCO Group’s Secondary Battery Materials Business “. He said, “The activity we have fostered through preventative technology development and investment over the past 10 years has begun to bear fruit. won this year.

Dae-Heon Jung, Head of Energy Material, then revealed “the current status and strategy of the cathode and anode materials business.” Cathode · Anode materials business has firmly laid the foundation for growth based on POSCO Group’s raw material competitiveness, and plans to gain competitive advantage and lead the market by △ developing cathode · materials of ‘anode for next-generation secondary batteries, △ diversifying the product portfolio, △ establishing global production capabilities in North America, Europe and China, and △ developing a strategic partnership.

In addition, Kyung-Seop Lee, Head of LiB Materials Business, introduced the status of establishing the value chain under the topic of “POSCO Group Secondary Battery Materials Business Strategy”. POSCO Group is the only company in the world that establishes a value chain that produces and supplies materials for secondary battery materials such as lithium, nickel and graphite, precursors, as well as cathode and anode and materials for next-generation secondary batteries. With this, the company plans to establish a production and sales system of 610,000 tons of cathode materials, 320,000 tons of anode materials, 300,000 tons of lithium and 220,000 tons of nickel by 2030. to achieve sales of 41 trillion won in the secondary battery material. business alone.

Going forward, POSCO Group aims to diversify its steel-focused business structure and establish a growth structure in which the sales and operating profit of steel, environmentally friendly materials of the future environment and environmentally friendly infrastructure are balanced by 2030.

Meanwhile, the POSCO Group organized a for foreign investors in Singapore on July 7 and will continue to hold an information session in the form of a value day to broaden communication with investors.

▲ The POSCO Group organized the on the 5th to present the performance and future vision for the Secondary Battery Materials business. Jung-Seon Jeon, Corporate Strategy Team Leader (Chairman) of POSCO Holdings delivers a welcome speech.

▲ The POSCO Group organized the on the 5th to present the performance and future vision for the Secondary Battery Materials business. Jung-Seon Jeon, Corporate Strategy Team Leader (Chairman) of POSCO Holdings delivers a welcome speech.

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