Zacks Investment Research
POSCO Secures KRW 1.1T LFP Cathode Supply Deal With SK On
POSCO Holdings (PKX) signed a KRW 1.1 trillion lithium iron phosphate (LFP) cathode supply contract with SK On through 2029, marking its first cathode deal with the battery maker. The company is expanding LFP production capacity to meet growing demand from energy storage systems and AI data centers, while also investing in graphite anode materials and new production processes to strengthen its battery materials portfolio.