POSCO Chemical said Friday that it was recognized as a "rising star" for its growth model as a materials company at the "Global Metals Awards" ceremony hosted by Standard & Poors Global Platts. This is POSCO Chemical's first global award.
S&P Global Platts is the world's leading provider of benchmark prices and analytics for the energy and commodities markets. The Global Metals Awards recognizes the best individuals and companies in the metals industry across 15 categories. The rising star award honors the achievements of a startup or an existing business that has moved into a new field, on the basis of financial growth, innovation, job growth and operational excellence.
POSCO Chemical said it was recognized for its expansion into the secondary battery materials and advanced chemical materials business, from its former focus on basic industrial materials.
"In the last five years, POSCO Chemical has built a large, successful business in the lithium-ion battery market and forms a crucial part of POSCO Group's value chain integration for green mobility solutions," S&P Global Platts' judge panel noted.
POSCO Chemical recently completed a prototype test of nickel, cobalt, manganese and aluminum (NCMA), manufactured by adding aluminum to existing nickel-rich NCM cathode materials.
"In 2020, all companies struggled with COVID-19, but POSCO Chemical recorded its highest sales and made a successful paid-in capital increase," the panel said.
"In 2020, the secondary...
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