POSCO FUTURE M said on the 16th it signed a large-scale long-term contract to supply artificial graphite anode materials to a global automaker.
The contract is worth about 1.01 trillion won, the largest since POSCO FUTURE M entered the anode materials business in 2011. The contract runs for five years from 2027 to 2032 and can be extended through mutual consultation. The deal is packaged with the natural graphite anode materials contract signed in Oct. last year, and POSCO FUTURE M plans to expand cooperation to cathode materials and lithium businesses. However, to keep business information confidential, the customer will not be disclosed until the contract ends.
To meet this order, POSCO FUTURE M began a phased expansion of anode materials production capacity. On the 5th, POSCO FUTURE M decided to invest about 357 billion won to build a new artificial graphite anode materials plant in Vietnam. With this supply contract, it secured a customer for the first-phase investment, and it plans a second-phase investment for additional orders.
POSCO FUTURE M, the only graphite-based anode materials company in Korea, localized natural graphite anode materials in 2011 and, in 2021, completed an artificial graphite anode materials plant in Pohang to establish mass production.
POSCO FUTURE M also pushed for full internalization of the raw material supply chain across the entire process from raw materials to intermediate materials and finished products. Artificial graphite anode materials use coal- and petroleum-based cokes made from coal tar from POSCO's steelmaking process as raw materials, while natural graphite anode materials will use graphite ore imported from Africa and elsewhere through POSCO Group, with intermediate materials to be processed at a spherical graphite plant being promoted in Saemangeum.
POSCO FUTURE M supplies anode materials to domestic battery makers and GM, and in July 2025 signed a supply contract with a major Japanese battery company and in Oct. 2025 signed a roughly 670 billion won natural graphite anode materials supply contract with a global automaker.