[Special Stock] POSCO Future M Rises on 1.8 Trillion Won Anode Material Supply Contract

Posco Future M is on the rise following news on the 12th that it signed a cathode material supply contract worth approximately 1.8 trillion KRW with a secondary battery manufacturer.

As of 9:23 AM that day, Posco Future M was trading on the KOSPI market at 228,500 KRW, up 9,000 KRW (4.10%) from the previous close. The trading volume was about 188,000 shares, with a trading value of 42.8 billion KRW.

Posco Future M announced after the market closed the previous day that it had signed a supply contract for high-nickel cathode materials for EVs worth 1.84 trillion KRW. This amount corresponds to 38.8% of its recent sales revenue.

However, details such as the contracting party, sales and supply regions, and contract period were withheld from disclosure due to business confidentiality reasons. A corrected disclosure is planned after these reasons are resolved or when the withholding period ends later this year.