POSCO FUTURE M

The government has re-certified POSCO Future M as an exemplary operator of family-friendly policies.

Posco Future M, the materials unit of Posco Group, said Thursday it has completed production technology for graphite electrodes, which are an essential material in steelmaking that Korea has solely relied on imports for so far.

POSCO Future M has successfully localized the manufacturing technology for electrode rods, an essential material in the steel production process.

Posco Future M inked a deal with Posco-Pilbara Lithium Solution, a joint venture between Australia-based Pilbara Minerals and steelmaker Posco, to source 20,000 tons of lithium hydroxide in a bid to reduce reliance on China for raw materials to qualify for U.S. government incentives.

POSCO Future M has again been acknowledged for its ESG management performance through a leading domestic certification body.

Deputy Minister of Foreign Affairs Kang In-sun visited POSCO Future M's Sejong anode material plant on the 18th and stated, "The government will actively support the recovery of operation rates."

POSCO Future M reported consolidated revenue of KRW 922.8 billion and an operating profit of KRW 1.4 billion for the third quarter.

POSCO Future M has secured an A+ (Outstanding) rating in the 2024 ESG assessment conducted by the Korea Institute of Corporate Governance and Sustainability (KCGG), marking an improvement from the previous year.

POSCO Future M announced the commencement of full-scale operations on the 12th by conducting the initial shipment of products produced at its Pohang NCA cathode material plant.

On the 8th, the Energy Transition Valley delegation from Quebec, Canada, visited POSCO Future M's Pohang cathode material plant.