Posco Future M lands W6tr LFP materials deal with Samsung SDI

What happened: Posco Future M signed a 6 trillion won deal to supply Samsung SDI with lithium iron phosphate battery materials, expanding a partnership that began with a 2023 nickel-cobalt-aluminum cathode supply deal. Key numbers: 6 trillion won ($4.48 billion). Deliveries run 2027 through 2032. Why it matters: The companies consolidated individual supply contracts into a master agreement and plan to extend cooperation to lithium manganese oxide cathodes and synthetic graphite anodes. Posco Future M said the orders will help improve plant utilization.

Posco Future M signed a 6 trillion won deal to supply Samsung SDI with lithium iron phosphate battery materials, expanding a partnership that began with a 2023 nickel-cobalt-aluminum cathode supply deal.

The companies consolidated individual supply contracts into a master agreement and plan to extend cooperation to lithium manganese oxide cathodes and synthetic graphite anodes. Posco Future M said the orders will help improve plant utilization.