POSCO Future M to Supply Samsung SDI With KRW 6 Trillion in LFP Cathode Materials
TECHWORLD ·
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POSCO Future M and Samsung SDI have signed a long-term supply deal worth KRW 6 trillion for LFP cathode materials.
The deal expands volume to more than twice the 190,000 tons agreed for 2027-2032, and consolidates material supply agreements that had previously been pursued separately into a single long-term partnership framework.
The two companies revised the NCA cathode material supply deal signed in 2023 to add LFP, and plan to broaden the scope of cooperation to include LMO cathode materials and artificial graphite anode materials in the future.
POSCO Future M and Samsung SDI have signed a long-term supply deal worth KRW 6 trillion for LFP cathode materials. LFP is composed of lithium, phosphate and iron.
The deal expands contract volume to more than twice the 190,000 tons already agreed for 2027-2032. It also consolidates material supply agreements that had previously been pursued separately into a single long-term partnership framework.
Based on the agreement, the two companies revised the NCA cathode material supply deal signed in 2023 to add LFP. They also plan to expand the scope of cooperation in the future to include LMO cathode materials and artificial graphite anode materials, in line with plans to broaden supplied items.
As a result, POSCO Future M's supply volume of secondary battery materials to Samsung SDI is expected to rise by about 45% from the previous level. The range of supplied items will also expand from a focus on ternary cathode materials to LFP and LMO cathode materials, as well as artificial graphite anode materials.
With this deal, Samsung SDI will increase the share of materials it sources from Non-PFE suppliers and strengthen supply chain stability. POSCO Future M will secure long-term supply volumes, improving the predictability of utilization rates and also enhancing the predictability of capacity expansion and raw material procurement plans.
Based on their long-term supply relationship, the two companies plan to expand cooperation not only in the EV market but also in the energy storage system (ESS) market. They are also focusing on strengthening the domestic battery materials value chain while pursuing responses to global trade regulations and supply chain restructuring.
POSCO Future M can supply ternary cathode materials, LFP cathode materials and LMO cathode materials, and it can also supply natural graphite anode materials and artificial graphite anode materials. In addition, it is leveraging lithium salt lake and graphite mines in the POSCO Group's raw material value chain, and is continuing supply discussions with major battery makers and automakers.
With this deal as a springboard, POSCO Future M plans to expand the scope of its cooperation with Samsung SDI, and is looking to broaden the partnership from cathode materials to anode materials. POSCO Future M plans to strengthen its integrated supply system for secondary battery materials.
Source: TECHWORLD · Kim Seung-gi
Original: https://www.epnc.co.kr/news/articleView.html?idxno=407836
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Source: TECHWORLD
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