SK On’s Iváncsa Battery Plant in Hungary Receives Ford Q1 Certification

POSCO Future M announced on October 6 that it had signed a long-term agreement to supply Samsung SDI with KRW 6 trillion worth of lithium iron phosphate (LFP) cathode materials. The supply period runs from 2027 through 2032. The finalized contract more than doubles the 190,000 tonnes initially agreed upon in August. The companies amended their 2023 supply agreement to add LFP cathode materials alongside existing NCA cathode materials. They also agreed to expand cooperation to LMO cathode materials and artificial graphite anode materials.

[SMM Analysis: Artificial Graphite Anode Slightly Raised Before the Holiday, Overall Stable During the Holiday] SMM, October 7: The price of artificial graphite anode material was slightly raised before the holiday and remained overall stable during the holiday.

【Evolution Metals and INERGX Sign MOU to Supply Power and Energy Storage Systems for Black Mass Recycling Facility】US critical materials company Evolution Metals & Technologies and UK-based INERGX Energy Optimisation have signed a strategic cooperation memorandum of understanding, under which INERGX will design, supply, integrate, and maintain energy storage and power optimization systems for Evolution Metals' planned US critical materials and battery black mass recycling facility. The facility will be powered by on-site liquefied natural gas generation, with planned on-site installed capacity of approximately 1GW within two years and up to approximately 5GW at full build-out. Under the MOU, the parties plan to execute a formal agreement on the first block within twelve weeks of delivery and acceptance of the first block study, with an initial term of ten years for INERGX's long-term service agreement.