POSCO Future M said it is continuing to secure new customer orders for its cathode materials business, while preparing to strengthen cost competitiveness in LFP cathode materials.
The company said it plans to apply a new LFP production process from 2029 after entering the market. The process is expected to leverage POSCO Group’s internal supply chain, including steel mill byproducts and lithium raw materials, to secure a cost advantage.
In the anode materials business, POSCO Future M said its artificial graphite plant in Vietnam is scheduled to begin trial operations in the second half of next year, while its spherical graphite plant in Saemangeum is planned to start trial operations in the first half of next year.
Through these projects, the company aims to raise its anode materials utilization rate to more than 70% next year and over 90% the following year.
