Samsung SDI Taps POSCO Future M for LFP, EcoPro BM for Solid-State Materials

POSCO Holdings completed its second lithium plant in Argentina, with a $954M investment and 23,000-ton annual capacity. This expands its total lithium carbonate production to 48,000 tons yearly. The company plans further expansions, targeting 100,000 tons by 2033, to meet growing demand from energy storage and batteries. The expansion may increase lithium supply, potentially affecting prices.

POSCO Holdings completed its second lithium plant in Argentina, investing $954 million. The plant has a 23,000-ton annual capacity, boosting the company's total to 48,000 tons. The company plans to expand further, aiming for 100,000 tons by 2033. POSCO Holdings will process the lithium in South Korea for battery production.

Posco Future M, a unit of Posco Holdings, signed a $4.5 billion deal to supply Samsung SDI with 400,000 tons of LFP cathode materials from 2027 to 2032. This doubles their previous agreement and strengthens their partnership, which began in 2023. The deal aims to improve Posco's capacity utilization and raw material sourcing, with plans to expand into LMO cathodes and synthetic graphite anodes.

POSCO Group completed the foundation for a 50,000-ton lithium hydroxide production system, investing $954 million. The project includes two plants in Argentina and a downstream facility in South Korea, with a total annual capacity of 48,000 tons of lithium carbonate. POSCO plans to expand with two more plants, aiming for 100,000 tons by 2033. The company aims to secure a stable lithium supply for electric vehicles and energy storage systems.

POSCO Group plans to build a 300,000-ton-per-year hydrogen-based steelmaking facility in Pohang by 2028, using its HyREX technology. The company aims to expand this ecosystem to Gwangyang and other regions, with government support for clean energy and market policies. POSCO expects significant economic impact and carbon reductions from this initiative.

POSCO Holdings completed its second lithium brine plant in Argentina, adding 23,000 tons of annual lithium carbonate capacity. The company aims for 50,000 tons of lithium hydroxide production by 2027, investing $954 million. POSCO plans further expansion to reach 100,000 tons by 2033, targeting LFP batteries and ESS markets.