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biz.chosun.comNOV 22 min read

Shinhan lifts POSCO Future M target as LFP cathodes power Korea growth

Shinhan Investment & Securities raised POSCO FUTURE M's target price to 200,000 won, citing growth in LFP cathode sales. The company expects cathode shipments to double by 2027, with LFP exceeding 50% of sales. POSCO FUTURE M's Q3 sales and operating profit rose 23% and 207% YoY, respectively, driven by energy materials unit.

Original reporting
biz.chosun.com
Published Nov 2, 2026, 11:55 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 3, 2026, 12:19 AM UTC. Informational, not investment advice.
How this was made
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Shinhan lifts POSCO Future M target as LFP cathodes power Korea growth — source image
Source · biz.chosun.com
Decision brief

The 30-second read

High
01

Why it matters

The upgrade and target raise could trigger buying pressure, especially among investors focused on battery materials.

02

Market read

Analyst upgrade provides fresh catalyst for POSCO FUTURE M and may lift related battery material stocks.

03

What to watch

Potential supply‑chain constraints for iron and phosphate raw materials are not addressed.

Relevance 7/10Novelty 7/10Timing: pre‑market today

Background

Shinhan Investment & Securities released a research note on POSCO FUTURE M, highlighting a shift toward LFP cathodes for energy storage.

Market effects

Sector

Boosts sentiment for Korean battery material and EV supply‑chain stocks.

Regional

Supports broader South Korean market rally on materials sector optimism.

Global

May influence global LFP battery supply outlook and related commodity demand.

Counterpoint

What could challenge this read

If LFP adoption slows or competition intensifies, the target raise could be premature.

Key entities

  • company
    POSCO FUTURE M

    Korean battery materials producer expanding into LFP cathodes.

  • research_firm
    Shinhan Investment & Securities

    Issuer of the BUY rating and target price revision.

Read at source← All news

StoryPOSCO Future M reports sharp third-quarter earnings rebound

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