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03 Feb

POSCO Chemical starts 2023 with $50 billion worth of cathode deals

South Korean battery materials company POSCO Chemical has already secured KRW 62.14 trillion ($50 billion) worth of cathode deals barely two months into 2023, Kallanish reports. The company signed a KRW 40 trillion, 10-year supply contract with battery manufacturer Samsung SDI earlier this week. The deal covers deliveries of nickel-cobalt-aluminium (NCA) cathodes from 2023 until 2032. It complements recently signed contracts with Ultium Cells - the US joint vent…
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