In Pictures: Posco Future M to supply LG Energy Solution with 720,000 tons of battery materials over seven years

Posco Future M will supply LG Energy Solution with 720,000 tons of battery materials under a new agreement spanning 2027 to 2033.

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The expanded partnership extends beyond cathodes to cover lithium iron phosphate and synthetic graphite anode materials.

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The seven-year deal underscores the growing demand for battery components as global EV and energy storage markets expand.

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Posco Future M and LG Energy Solution expect to sign a binding contract by the end of the year.

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The agreement also covers next-generation technologies including sodium-ion batteries and silicon anodes.

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Battery material suppliers are scaling up production capacity to meet rising demand from Korean battery makers.

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The 720,000-ton supply commitment strengthens the two companies' longstanding partnership in the battery value chain.

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Ultra-high-nickel cathodes are among the materials included in the memorandum of understanding.

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The deal reflects intensifying efforts by Korean firms to secure stable supplies of critical battery materials.

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