Posco Future M started high-nickel cathode shipments from Pohang to Ultium Cells and pulled commercial production forward two months. Capacity at the site is set to more than triple from 30k to 106k t

What happened: Posco Future M signed a memorandum of understanding with LG Energy Solution to supply 720,000 metric tons of battery materials over seven years starting in 2027, adding LFP cathodes and synthetic graphite anodes to their partnership. Key numbers: 720,000 metric tons over seven years from 2027; binding contract targeted Why it matters: The deal expands Posco Future M's LFP cathode partner list beyond Samsung SDI and SK On, and the companies aim to improve cost competitiveness while US rules on Chinese-linked supply chains create openings for Korean suppliers in North America.

Posco Future M signed a memorandum of understanding with LG Energy Solution to supply 720,000 metric tons of battery materials over seven years starting in 2027, adding LFP cathodes and synthetic graphite anodes to their partnership.

The deal expands Posco Future M's LFP cathode partner list beyond Samsung SDI and SK On, and the companies aim to improve cost competitiveness while US rules on Chinese-linked supply chains create openings for Korean suppliers in North America.