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KRX:003670

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Asia

Posco Future M Wins KRW1.074 Trillion LFP Cathode Material Supply Contract

Posco Future M (KRX:003670) has secured a 1.074 trillion won contract to provide LFP cathode material for secondary batteries to SK On, according to a bourse filing on Tuesday.The contract period runs from Jan. 1, 2027, to Dec. 31, 2029, with the possibility of extending the supply period to Dec. 31, 2031, through future consultation with the customer.The contract covers supply to markets including the U.S., requires no deposit or advance payment, and payment will be collected according to sales progress.

KRX:003670
Asia

Posco Future M Wins LFP Cathode Materials Supply Contract; Shares Rise 3%

Posco Future M (KRX:003670) agreed to supply lithium iron phosphate (LFP) cathode materials to an undisclosed domestic battery manufacturer from 2027 through 2032, Posco said in a Thursday release.A formal contract is expected to be signed in the third quarter. The deal marks the comany's formal entry into the LFP batterymaterials market.The details of the final deal will be disclosed at a later time, the release said.Shares of Posco Future M added over 3% in recent trade.

KRX:003670
Asia

Posco Future Posts Net Income in Q2; Shares Rise 8%

Posco Future M (KRX:003670) posted net income attributable to owners of the parent of 23.14 billion won in the second quarter, swinging from a net loss of 35.56 billion won a year earlier.Sales increased 2.8% to 679.46 billion won from 660.94 billion won for the three months ended June 30.Shares of the battery material and chemical company rose about 8% in recent trade.

KRX:003670
Asia

Posco Future M Launches Companywide AI Transformation to Boost Manufacturing Productivity

Posco Future M (KRX:003670) is accelerating its AI-based manufacturing innovation with a company-wide AI Transformation roadmap with a target completion by the first half of 2028.The battery material and chemical company plans to integrate data-driven AI across the entire value chain, from raw material procurement to product manufacturing and client collaboration, according to a statement on Tuesday.Upon completion of the transformation, the company expects to increase manufacturing productivity by 30%, cut product development time by half, and double the speed of quality issue response through automation.This initiative aims to strengthen POSCO Future M's leadership in the battery ecosystem and secure a significant competitive edge as a global materials company.

KRX:003670

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