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South Korean Battery Firms Plan 720,000-Ton Supply Agreement

Summary by UPI
POSCO Future M and LG Energy Solution plan a 7-year deal for 720,000 tons of battery materials, expanding into LFP cathodes and artificial graphite.

6 Articles

(Seoul = Yonhap News) Reporter Jang Bo-in = POSCO Future M has agreed to supply a total of 720,000 tons of cathode and anode materials to LG Energy Solution over the next seven years, starting next year.

·Seoul, Korea (the Republic of)
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POSCO Future M signed an MOU with LG Energy Solution to supply 720,000 tons of cathode and anode materials over seven years starting in 2027. They agreed to expand cooperation from the existing ternary-based materials to LFP cathode materials and artificial graphite anode materials, strengthen cost competitiveness through the development of next-generation materials and the recycling of waste batteries, and jointly respond to global supply chain…

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POSCO Future M is expanding its partnership with LG Energy Solution across the board by supplying 720,000 tons of key battery materials over the next seven years. POSCO Future M announced on the 30th that it had signed a "Future Cooperation MOU" with LG Energy Solution. Under this agreement, the two companies plan to finalize a supply roadmap for cathode and anode materials from 2027 to 2033 and sign a formal contract within the year. The scope…

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Agreement Reached to Supply 720,000 Tons of Anode and Cathode Materials Over 7 Years… Formal Contract to Be Signed Within Year Pohang Plant Converts Ternary Line to LFP… Timely Supply to Begin Early Next Year Joint Development of Next-Generation SIB and Silicon Cathode Materials, and Joint Response to US and EU Trade Regulations [Digital Daily Reporter Bae Tae-yong] POSCO Future M is partnering with LG Energy Solution to expand the scope of b…

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조선일보 broke the news on Friday, October 30, 2026.
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