POSCO FutureM Signs 6 Trillion Won LFP Cathode Material Supply Agreement with Samsung SDI
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4 Articles
(Seoul = Yonhap News) Reporter Shin Chang-yong = POSCO FutureM will supply 6 trillion won worth of lithium iron phosphate (LFP) cathode materials to Samsung SDI on a long-term basis.
POSCO Future M will supply Samsung SDI with LFP cathode materials worth 6 trillion won over six years, starting in 2027. This move is a response to the growth of the North American ESS market and represents a diversification of product lines beyond existing cooperation centered on high-nickel materials to include LFP, LMO, and artificial graphite. It is analyzed as a strategic step to reduce dependence on China amidst tightening supply chain reg…
[Digital Daily Reporter Ko Seong-hyeon] POSCO FutureM has secured a supplier of lithium iron phosphate (LFP) cathode materials targeting the North American energy storage system (ESS) battery market. This follows the signing of a long-term supply contract with Samsung SDI, following its agreement with SK On. In particular, the company plans to proceed with in-house cathode material production based on the production capabilities secured through …
POSCO Future M has agreed to supply Samsung SDI with 6 trillion won worth of lithium iron phosphate (LFP) cathode materials on a long-term basis.
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