POSCO Clinches KRW 1T Anode Deal, Expands Production Capacity

Group 1 - POSCO Holdings, Inc.'s subsidiary POSCO Future M secured a contract for artificial graphite anode material valued at approximately KRW 1.0149 trillion, spanning from 2027 to 2032, highlighting strong demand for high-performance anode materials in lithium-ion batteries for EV applications [1][8] - The contract is strategically significant as artificial graphite anodes enhance battery longevity, enable faster charging, and improve overall performance, which are critical factors in the growing EV market [2] - This agreement supports POSCO Future M's transition from a domestic supplier to a global leader in anode materials, aligning with the company's strategy to expand its international customer base and diversify supply chains amid geopolitical tensions [2] Group 2 - The contract facilitates a "quantum leap" in the company's anode business by supporting capacity expansion and overseas investments, including a KRW 357 billion investment in a new artificial graphite anode plant in Vietnam [3] - The agreement provides clear demand visibility, enabling the company to proceed with a Phase 2 expansion to meet increasing volumes, establishing a solid foundation for long-term growth [4] - The capacity build-out positions POSCO Future M to capitalize on the rising global demand for EVs [4]