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Industry
Ecopro Innovation signs 4-year lithium hydroxide supply deal with global automaker
Ecopro Innovation said on Thursday it signed a long-term lithium hydroxide supply contract with a global automaker. The company will supply a total of 12,000 tonnes over four years, equivalent to about 200,000 electric vehicles. It said this is its first lithium hydroxide supply deal with an automaker, following earlier long-term contracts with Samsung SDI in 2024 and SK On in 2025. The company cited its Hungary production base and closed-loop system as positives.
Industry
Ecopro BM Q1 operating profit 20.9 billion won up 823 percent on year
Ecopro BM posted first-quarter operating profit of 20.9 billion won, up 823 percent from a year earlier, while revenue fell 3.9 percent to 605.4 billion won, the company said on Tuesday. It cited recovering European EV volumes and expanding demand for energy storage systems. Net profit turned positive at 12.2 billion won. The company is preparing to begin mass production at its cathode plant in Debrecen, Hungary, in the first half.
Industry
POSCO Future M to build anode material plant in Vietnam, invest 357 billion won
POSCO Future M will build a new synthetic graphite anode material plant in Thai Nguyen, Vietnam, after its board approved an investment of about 357 billion won. Construction will begin in the second half of this year and mass production will start from 2028. The company plans to expand the plant in phases in line with additional orders. It cited rising supply-chain needs amid tighter trade rules.