This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXMPEBBR0PM_M.jpg
Nevertheless, PKX reported impressive financials in the first quarter, ended March 31, 2021. The stock has gained 25.5% over the past six months and 7.6% over the past three months to close yesterday’s trading session at $77.26.
First Quantum Minerals Ltd. (OTC:FQVLF) said on May 19 that it has agreed to sell a 30% stake in its Ravensthorpe nickel mine in Western Australia to PKX, and that the companies have agreed to evaluate a strategic partnership to produce battery precursor materials from production at the mine. Furthermore, PKX is expected to continue to gain in the coming months given the increasing demand for steel products across several industries, including construction, automotive and machinery, with the fast-paced reopening of the global economy.
