SK On to buy 1.1 trillion won of LFP cathodes from Posco Future M
SK On signed a deal with Posco Future M for LFP cathode supply worth about 1.1 trillion won ($800 million) covering 2027–2029. The material will feed LFP cells for energy storage systems at SK Battery America's Georgia plant, using lithium from Posco's Argentine salt lakes.
- Deal worth 1.1 trillion won spans 2027–2029
- Cathodes to supply ESS cells at SKBA's Georgia plant
- Posco Future M converts part of Pohang lines to LFP
- Lithium sourced in Argentina in push away from China
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