POSCO Future M is accelerating its LFP cathode material business to meet rapidly growing demand in the ESS market for mid- to low-cost battery materials.
POSCO Future M, a leading battery materials supplier, and Factorial Inc. (Factorial), a leader in solid-state battery technology, signed a Memorandum of Understanding (MOU, for the development of all-solid-state battery technology.
Posco Future M, the materials unit of Posco Group, said Thursday it has completed production technology for graphite electrodes, which are an essential material in steelmaking that Korea has solely relied on imports for so far.
Posco Future M inked a deal with Posco-Pilbara Lithium Solution, a joint venture between Australia-based Pilbara Minerals and steelmaker Posco, to source 20,000 tons of lithium hydroxide in a bid to reduce reliance on China for raw materials to qualify for U.S. government incentives.
POSCO Future M has been newly included in the 'Dow Jones Sustainability Indices (DJSI) Asia Pacific' index as of 2023, receiving global recognition for its ESG management performance.
Following its success in Gwangyang, POSCO Future M has commenced the full-scale supply of high-performance single-crystal cathode materials for electric vehicle batteries from its Pohang plant.