POSCO Future M will participate in InterBattery 2025, held at COEX Seoul, from March 5 to 7. It will highlight its cathode and anode technology roadmap and the group-level supply chain achievements spanning raw materials, battery materials, and recycling.
POSCO Future M has announced its 2024 consolidated financial results, reporting revenue of KRW 3.6999 trillion and an operating profit of KRW 700 million. Revenue decreased by 22.3%, while operating profit declined by 98.0% compared to the previous year.
POSCO Future M said Monday that it recently received awards from the trade, environment and labor ministries for its efforts to promote exports, protect the environment and prevent workplace accidents.
POSCO Future M received ministerial commendations from three government ministries for its contributions to export promotion, environmental protection, and safety accident prevention.
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 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.