Posco Future M secures first major LFP supply deal

Posco Future M has secured its first major long-term order for lithium iron phosphate cathode materials, agreeing to supply more than 190,000 metric tons to a leading Korean battery maker as North American demand for energy storage systems surges. The six-year agreement covers deliveries from 2027 through 2032. It follows the company’s decision last year to convert part of the high-nickel cathode materials line at its Pohang plant in North Gyeongsang Province to LFP production. Posco Future M di

By The Korea Herald