2026-03-09 POSCO FUTURE M to build synthetic graphite anode plant in Vietnam

Mar. 7, 2026 - POSCO FUTURE M Co. will build a production plant for synthetic graphite anode materials in Vietnam, with construction set to begin in the second half of this year and mass production scheduled to start in 2028. The company said Wednesday its board approved an investment of about 357 billion won (...

2025-10-11 Posco International breaks ground for Tanzanian graphite mine

Oct. 10, 2025 - Posco International announced Friday it has begun developing a graphite mine in Ulanga, southeastern Tanzania, home to the world’s second-largest graphite reserves, as part of its strategy to establish a fully integrated supply chain for key battery anode materials. The groundbreaking ceremony fo...

2025-06-09 Posco Future M invests W436b for new anode material plant in Saemangeum

Jun. 6, 2025 - South Korean battery materials producer Posco Future M is set to build a spherical graphite manufacturing facility in Saemangeum, North Jeolla Province, as part of efforts to reduce dependence on China for anode materials. The company signed an agreement on Thursday with the Saemangeum Development ...

2025-04-25 POSCO Future M to make spherical graphite as it cuts dependence on China

Apr. 23, 2025 - POSCO Future M Co., South Korea’s leading battery materials maker, is set to manufacture spherical graphite – a critical material for battery anodes – in a strategic pivot to reduce its dependence on Chinese suppliers and fortify its electric vehicle battery supply chain. After a board meetin...

2025-04-24 POSCO Future M announces Q1 financial results

Apr. 24, 2025 - POSCO Future M recorded consolidated revenue of 845.4 billion won and operating profit of 17.2 billion won in the first quarter. The battery materials business posted revenue of 505.6 billion won, up 32.4% from the previous quarter, with operating profit turning positive at 2.4 billion w...

2025-02-03 POSCO Future M achieves domestic production of essential steelmaking material ‘Electrode Rods’

Feb. 1, 2025 - POSCO Future M has successfully localized the manufacturing technology for electrode rods, an essential material in the steel production process. Electrode rods are high-value-added carbon materials used in electric furnaces to melt steel scrap into molten iron or in refining processes to remove...

2024-09-11 POSCO invests in Black Rock Mining for graphite supply

Sep. 9, 2024 - The South Korean component manufacturer POSCO is investing USD 40 million in the Australian mining company Black Rock Mining (BRM). This will enable POSCO to secure large quantities of graphite from BRM's mine in Tanzania. As part of the transaction, POSCO International acquired around 16.5...

2024-03-20 Posco Future M hits record sales in 2023

Mar. 20, 2024 - According to Posco Future M, it broke the record in revenue last year, driven by large-scale supply deals of electric vehicle battery materials. According to the company’s financial result, annual sales revenue soared 44.2 percent on-year to 4.76 trillion won ($3.57 billion) in 2023. In...

2024-03-09 POSCO Future M plans to import African graphite to cut China reliance

Mar. 9, 2024 - POSCO Future M, the only major battery material in Korea that produces cathode materials, has signed a contract with Syrah Resources Limited to receive a large amount of natural African graphite. It is interpreted that it is diversifying the graphite supply chain, which had been entirely dependent on C...

2024-01-19 POSCO Future M to double artificial graphite anode output

Jan. 18, 2024 - In response to the U.S. Inflation Reduction Act (IRA) that excludes Chinese companies, POSCO Future M, a subsidiary of South Korea’s POSCO Group, will double its production capacity of artificial graphite anodes to over 36,000 tons by 2025. According to the Ministry of Trade, Industry, and Energy...

2023-12-15 POSCO's digital transformation wing to develop robots for steel production

Dec. 14, 2023 - POSCO DX, the digital transformation wing of South Korea's steel group POSCO has partnered with Chosun Refractories, a domestic refractory product maker, to create robots for steel production. The robots will be used for dangerous tasks such as handling high-temperature molten iron generated in a b...

2023-10-16 POSCO FutureM cuts carbon by recycling waste refractories

Oct. 16, 2023 - South Korea's battery materials maker POSCO Future M Co. announced on Monday its achievement in reducing significant carbon footprints by fully recycling waste refractories, a pivotal industrial material. Primarily extracted from seawater magnesia and shaped similarly to bricks, refractories are k...

2023-08-28 POSCO Future M eyes 3.4 tln won profit by 2030 with secondary battery materials

Aug. 28, 2023 - POSCO Future M Co. said Monday it aims to achieve 3.4 trillion won (US$2.57 billion) in annual operating profit by 2030 as it accelerates the expansion into the manufacturing of secondary battery materials amid the robust electric vehicle (EV) demand. The chemical unit of South Korean steel giant ...

2023-08-01 POSCO Future M Achieves Record-High Quarterly Sales

Aug. 1, 2023 - POSCO Future M expanded its battery material product portfolio and achieved record-high sales in the second quarter once again, breaking the record-high sales it attained in the first quarter. On the 24th, POSCO Future M disclosed its second-quarter financial results with a consolidated s...

2023-05-01 POSCO Future M achieves record quarterly sales

May 1, 2023 - POSCO Future M achieved its highest quarterly sales on record, driven by the expansion of its battery materials business. POSCO Future M announced on the 27th of April that it had posted consolidated sales of KRW 1.1352 trillion and operating profit of KRW 20.3 billion for the first quarter. The com...

2023-03-20 Official launch of ‘POSCO Future M’, an eco-friendly future materials company

Mar. 20, 2023 - POSCO Chemical changed its name to 'POSCO FUTURE M' and is reborn as an eco-friendly future materials company. POSCO Chemical confirmed the name change to POSCO Future M at the general shareholders' meeting held at the Pohang headquarters on the 20th, and then held a mission declaration ...

2023-02-25 POSCO Chemical to change name to POSCO Future M

Feb. 24, 2023 - POSCO Chemical Co., a basic industrial materials and battery components maker, said Friday it will be renamed POSCO Future M Co. as part of its efforts to accelerate the transformation into a green company. The decision, approved by the board at a meeting earlier in the day, will be finalized at a...

2023-01-28 POSCO Chemical's 2022 operating income at record high

Jan. 28, 2023 - POSCO Chemical Co., a major South Korean manufacturer of secondary battery materials, said Friday it posted record-high operating profit last year, boosted by solid demand for electric vehicle (EV) battery components. Operating income reached 165.9 billion won (US$134.7 million) in the J...

2023-01-04 Kim Joon-hyeong inaugurated as the 18th president of POSCO Chemical

Jan. 4, 2023 - POSCO Chemical has had an inauguration ceremony for its 18th president, Kim Joon-hyeong, who at the ceremony emphasized safety management and the securing of sustainable competitive advantages. On the morning of the 3rd, POSCO Chemical held an inauguration ceremony for its new president, ...

2023-01-02 POSCO Chemical signs a KRW 939.3 billion contract with Ultium Cells LLC to supply artificial graphite anode material

Jan. 2, 2023 - POSCO Chemical has signed a contract with Ultium Cells LLC of the United States for a large-scale supply of artificial graphite anode materials. It is targeting the global market by achieving its first export performance beyond the localization of materials. On December 4th, 2022, POSCO C...