POSCO Secures KRW 1.1 Trillion LFP Cathode Supply Deal With SK On

Key Facts

POSCO signed a KRW 1.1 trillion deal to supply LFP cathodes to battery maker SK On. Zacks reported that the contract marks a significant expansion in the company's battery materials business, as the agreement aims to meet rising global demand for LFP batteries and diversify its customer base within the electric vehicle sector.

PKX closed at $58.74 on October 6, 2026, with the stock reaching a session high of $59.48 and a low of $58.64. This supply deal follows data showing South Korean exports grew by 83.5% year-on-year on October 1, 2026, while the South Korean Manufacturing PMI reached 53.9 on the same date.