In the domestic stock market on the 24th, lithium-themed stocks were volatile in early trading. It is seen as a result of the overnight surge in Lithium Americas (LAC) on the New York stock market.
POSCO M-Tech shares traded at 14,320 won on the KOSDAQ market at 9:23 a.m. on the 24th. The share price rose 13.02% (1,650 won) from the previous day. POSCO M-Tech is a company engaged in steel packaging and other businesses and has no direct connection to POSCO Group's lithium business, but it has been tied to lithium-themed stocks, causing its share price to swing sharply.
In addition, shares such as MNtech, Kangwon Energy, Lithium For Earth, and Hydro Lithium are showing strength.
Lithium Americas shares ended trading at $3.07 on the New York Stock Exchange on the 23rd (local time), then jumped 78.18% ($2.4) to $5.47 in the after-market.
Reuters reported that the Donald Trump administration is considering converting the $2.26 billion loan provided to LAC into a 10% equity investment.
The Trump administration is continuing moves to reduce dependence on China for raw materials such as rare earths and lithium.