Posco Future M sets seven-year battery-materials framework with LGES
Posco Future M and LG Energy Solution signed a memorandum covering LFP cathodes, synthetic graphite anodes and ultra-high-nickel cathodes. Posco Future M plans to provide 720,000 tonnes of cathode and anode materials across seven years, with deliveries scheduled to start in early 2027. The companies also plan joint development of sodium-ion, silicon-anode and other next-generation materials, while Posco Future M converts Pohang production lines for LFP output.
Why it matters
The arrangement could broaden Posco Future M's product mix beyond high-nickel materials and create a long-duration supply relationship with LG Energy Solution. It remains a memorandum rather than a final binding contract, with the parties targeting formalization later this year, so the material allocation and final terms are not yet fixed.
Key facts
- 1The planned supply program covers 720,000 tonnes of cathode and anode materials over seven years, with deliveries beginning in early 2027. electrive.com
- 2The memorandum does not specify how the total volume will be divided among the different material categories, and the companies intend to complete a formal contract later this year. electrive.com
- 3Posco Future M is converting high-nickel lines at its Pohang facility to produce LFP cathodes for LG Energy Solution. electrive.com
- 4The cooperation also includes synthetic graphite made in South Korea and Vietnam and joint work on sodium-ion batteries, ultra-high-nickel cathodes and silicon anodes. interestingengineering.com
Open questions
- The materials differ on delivery timing: one says shipments begin in 2024, while the other two place initial deliveries in early 2027.
- The memorandum is not yet a final binding contract, so the eventual material mix and enforceable commercial terms remain unknown.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.