Since developing lithium extraction technology in 2010, South Korean steel giant POSCO has been striving to build a value chain for supplying secondary battery materials, such as cathode anode materials business, reinforcement of secondary battery materials business such as the acquisition of Argentina’s lithium salt lake, equity investment in Australian lithium nickel and Tanzania graphite mines, expansion of secondary battery recycling business and establishment of next-generation secondary battery materials capabilities. POSCO has held 2022 LiB Materials Business Value Day to reveal the role and growth goals of the holding company and to introduce the performance and future vision of the secondary battery materials business. 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 the understanding of attendees. About 150 people attended the event held at the POSCO Center on the 5 July, including POSCO Holdings Corporate Strategy President Mr Jung-Seon Jeon, Senior Executive Vice President Green Materials & Energy Business Mr Byeong-Og Yoo Executive Vice President LiB Materials Business Project Mr Kyung-Seop Lee, Senior Executive Vice President Energy Material Mr Dae-Heon Jung domestic and foreign institutional investors, and analysts of securities companies. Cathode Anode materials business has been solidly laying the foundation for growth based on POSCO Group’s raw material competitiveness and plans to secure competitive advantage and lead the market by developing cathode anode materials for the next-generation secondary batteries, diversifying portfolio of products, establishing global production capabilities in North America, Europe, and China and expanding strategic partnership. 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 materials and materials for next-generation secondary batteries. Through this, the company plans to establish a production and sales system of 610,000 tonnes of cathode materials, 320,000 tonnes of anode materials, 300,000 tonnes of lithium, and 220,000 tonnes of nickel by 2030 to achieve sales of KRW 41 trillion in the secondary battery material business alone. In the future, POSCO Group aims to diversify its steel-oriented business structure and establish a growth structure in which sales and operating profit of steel, eco-friendly future materials, and eco-friendly infrastructure business sectors are balanced by 2030. Meanwhile, POSCO Group held a POSCO Group LiB Materials Business Value Day for overseas investors in Singapore on 7 July and will continue to hold a briefing session in the form of Value Day to expand investor communication.