POSCO Chemical Secures 1 Trillion KRW Order for ESS Cathode Materials
Public Announcement on the 25th... Deposit Amount Exceeds Half of Last Year's Sales
Aerial view of POSCO Chemical's cathode material plant in Gwangyang. Photo by POSCO Chemical
View original image[Asia Economy Reporter Choi Seoyoon] POSCO Chemical announced on the 25th that it has signed a mid- to long-term supply contract for cathode materials for energy storage systems (ESS) worth 1.0517 trillion KRW.
The contract amount accounts for 52.9% of last year's sales. The contract period is from the day before until August 23, 2026.
POSCO Chemical did not disclose the contracting party due to confidentiality agreements with the client. However, considering that the sales and supply region is indicated as "Republic of Korea," it is presumed to be a domestic company.
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A POSCO Chemical official stated, "This contract is significant not only for our main product, high-nickel cathode materials for electric vehicles, but also for ESS materials, whose demand is rapidly increasing with the development of the energy industry," adding, "It is meaningful that we have expanded both our products and customers."
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