POSCO Future M, LG Energy Solution Sign MOU Targeting 720,000-Ton Supply

POSCO Future M, a South Korean battery materials maker, secured a $4.5B deal with LG Energy for lithium iron phosphate (LFP) battery materials. The company also invested in US solid-state battery developer Factorial and plans to raise $771M to expand capacity. Additionally, it aims to reduce dependence on Chinese suppliers by producing spherical graphite and developing electrode rod technology.

Posco Future M and LG Energy Solution agreed to supply 720,000 tons of battery materials, including LFP cathodes and synthetic graphite anodes, over seven years starting 2027. The deal expands their partnership to include new materials and technologies. Posco Future M aims to convert high-nickel cathode production lines to LFP facilities to meet rising demand, particularly in North America.

Posco Future M and LG Energy Solution agreed to a 7-year supply deal for 720,000 tonnes of battery materials, including LFP and synthetic graphite. They will also cooperate on next-gen products like ultra high-nickel cathodes and sodium-ion batteries. Posco Future M plans to convert a production line for LFP materials and use Argentine lithium for cost-competitive supplies.

POSCO Future M (003670) and LG Energy Solution (373220) agreed to supply 720,000 tons of cathode and anode materials over seven years, expanding their partnership to include LFP cathodes and synthetic graphite anodes. The deal, valued at around $7.5 billion, covers technology development and supply of next-generation battery materials. POSCO Future M plans to convert a production line to LFP cathode and supply it from early 2027.

POSCO Future M will supply LG Energy Solution with 720,000 tons of cathode and anode materials from 2027 to 2033. The deal expands to include LFP cathode and synthetic graphite anode materials. Supply of LFP materials will begin early next year, with plans to convert a Pohang production line. Both companies will also collaborate on next-generation battery materials and global supply chain regulations.

POSCO Future M and LG Energy Solution signed an MOU to supply 720,000 tons of cathode and anode materials from 2027 to 2033. The agreement includes LFP cathodes, artificial graphite anodes, and next-gen battery materials. POSCO Future M plans to convert a production line for LFP cathodes and improve cost competitiveness. The companies aim to finalize a formal contract by year-end.