POSCO Future M Signs 1.8 Trillion KRW Supply Contract for Electric Vehicle Cathode Materials

POSCO Future M announced on the 11th that it has signed a supply contract for high-nickel cathode materials for electric vehicles worth 1.8454 trillion KRW.

The contract was signed in US dollars on the same day, and POSCO Future M disclosed the transaction amount in Korean won based on the closing exchange rate. The contract amount represents 38.8% of POSCO Future M's sales last year.

POSCO Future M explained, "Due to a confidentiality agreement with the customer, a secondary battery manufacturer, we are withholding detailed information such as the contracting party and contract period."

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