Corporate Logo(source: poscointl.com)
POSCO International(047050) is seeing strong gains following news that the U.S. government, under the Trump administration, is considering providing loan guarantees for the Alaska liquefied natural gas(LNG) development project.
As of 9:50 AM on March 11, POSCO International was trading at 61,200 won, up 0.66% from the previous day. Early in the session, the stock rose by as much as 6%, reaching 64,800 won.
POSCO International has been classified as a beneficiary of the Alaska natural gas pipeline project, and its stock price has strengthened following the Trump administration's announcement to support related projects.
U.S. Secretary of Energy, Chris Wright, commented on March 10(local time) regarding the Alaska LNG project, stating, "The administration will look at every way we can to get a large infrastructure project like that built," adding that included diplomacy and a potential loan guarantee, which would help the project get financing at a lower rate than offered by banks.
President Trump had previously commented on the Alaska LNG development project, saying, "My administration is also working on a gigantic natural gas pipeline in Alaska, among the largest in the world, where Japan, Korea, and other nations want to be our partner."
*[KOSPI]POSCO International(047050) engages in trade, resource development, infrastructure development and operation, with major items including steel, grains, chemicals, secondary battery materials, eco-friendly vehicle components, and natural gas. Its market capitalization is 10 trillion 696.1 billion won(as of March 10, 2025, closing price).
Corporate Logo(source: poscointl.com)
POSCO International(047050) is seeing strong gains following news that the U.S. government, under the Trump administration, is considering providing loan guarantees for the Alaska liquefied natural gas(LNG) development project.
As of 9:50 AM on March 11, POSCO International was trading at 61,200 won, up 0.66% from the previous day. Early in the session, the stock rose by as much as 6%, reaching 64,800 won.
POSCO International has been classified as a beneficiary of the Alaska natural gas pipeline project, and its stock price has strengthened following the Trump administration's announcement to support related projects.
U.S. Secretary of Energy, Chris Wright, commented on March 10(local time) regarding the Alaska LNG project, stating, "The administration will look at every way we can to get a large infrastructure project like that built," adding that included diplomacy and a potential loan guarantee, which would help the project get financing at a lower rate than offered by banks.
President Trump had previously commented on the Alaska LNG development project, saying, "My administration is also working on a gigantic natural gas pipeline in Alaska, among the largest in the world, where Japan, Korea, and other nations want to be our partner."
*[KOSPI]POSCO International(047050) engages in trade, resource development, infrastructure development and operation, with major items including steel, grains, chemicals, secondary battery materials, eco-friendly vehicle components, and natural gas. Its market capitalization is 10 trillion 696.1 billion won(as of March 10, 2025, closing price).