13 Best Magnesium Stocks to Buy Right Now

8. POSCO Holdings Inc. (NYSE:PKX)

Number of Hedge Fund Holders: 19

POSCO Holdings Inc. (NYSE:PKX), an international steel leader with wide-ranging operations, has made major advancements in the magnesium sector by constructing a magnesium refining facility in South Korea.

The growing demand for magnesium in vehicle manufacturing is demonstrated by the 1 million-ton rise in sales witnessed by POSCO Holdings Inc. (NYSE:PKX), with 50% of this growth linked to automotive WTP (Workable Thin Plate) sales for the year ended December 31, 2024. With an operating profit of $1.6 billion, POSCO reported consolidated revenue of approximately $54.3 billion for the year ended December 31, 2024. However, due to declining steel demand and increasing costs, the company experienced a 29% year-over-year drop in profit.

Aggravated by $884 million in asset impairments and $900 million in inventory valuation losses, POSCO Holdings Inc.’s (NYSE:PKX) energy materials segments witnessed a $208 million loss, resulting in Q4 net loss of $542 million. Furthermore, the company made major developments in the lithium sector, completing key EV battery material plants, including POSCO Argentina and POSCO Lithium Solution.

The company also yielded $512 million from assets restructuring, allocating $77 million for share buybacks. By prioritizing lithium investments and enhanced efficiency, the company aims to decrease its capital expenditure by $770 million in 2025. Backed by China’s stimulus measures, POSCO Holdings Inc. (NYSE:PKX) projects a steel market recovery in the latter half of 2025, in spite of the uncertainties in the market.

Thus, given the strategic investments in energy materials, cost optimization, and innovation, POSCO Holdings Inc. (NYSE:PKX) is strongly positioned to benefit from the growing demand for magnesium, securing its competitiveness in the international markets. As such, it makes it to our list of the best magnesium stocks.