# Who does LG Energy Solution pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/lg-energy-solution · Facet: suppliers · Updated: 2026-09-24T04:08:54.181993+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: LG Energy Solution's confirmed suppliers/cost counterparties include SQM, 포스코퓨처엠, 엘앤에프 plus 14 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 17 cost edges, backed by 21 dated sources, 4 of them primary filings (as of 2026-09-24).

### SQM (high)  → /sqm.md
- metric: volume 100,000 tonnes · 2023~2029 · Battery-grade lithium volume
- note: Chile's SQM supplies 100,000+ tonnes of battery-grade lithium carbonate and hydroxide, 2023–2029.
- [confirms] SQM (EN, ir, published 2023-07-06) https://www.sqm.com/en/noticia/sqm-y-lg-energy-solution-anuncian-nuevo-contrato-de-largo-plazo-para-el-suministro-de-litio/: "supply over 100,000 metric tons of battery grade lithium carbonate and lithium hydroxide during 2023-2029"
- [confirms] SQM (EN, ir, published 2023-07-05) https://www.sqm.com/en/noticia/sqm-y-lg-energy-solution-anuncian-nuevo-contrato-de-largo-plazo-para-suministrar-productos-refinados-de-litio/: "SQM agreed to supply LG Energy Solution with over 100,000 tonnes of battery-grade lithium carbonate and hydroxide during 2023-2029."

### 포스코퓨처엠 (high)  → /posco-future-m.md
- metric: Contract value ₩30.3T · 2023~2029 · Cathode long-term supply contract
- note: Supplies high-nickel NCM/NCMA cathode to LGES plants worldwide; ₩30.26tn long-term contract, 2023–2029.
- [confirms] POSCO Future M (KO, filing, published 2023-04-26) https://www.poscofuturem.com/pr/view.do?num=684: "KRW 30.2595tn high-nickel cathode supply contract"
- [confirms] KED Global (EN, news, published 2023-04-26) https://www.kedglobal.com/batteries/newsView/ked202304260016: "POSCO Future M will supply high-nickel cathodes to LG Energy Solution facilities across the world from 2023 to 2029"

### 엘앤에프 (high)  → /landf.md
- metric: Contract value ₩7.1T · 2023~2024 · Cathode trading agreement
- note: High-nickel NCMA / single-crystal cathode for cylindrical cells; ~₩7.1tn trading agreement (2022).
- [confirms] Seoul Economic Daily (KO, news, published 2022-05-19) https://www.sedaily.com/NewsView/2663VGJSS4: "LGES and L&F signed a ~KRW 7.1tn cathode trading agreement"
- [confirms] TheElec (KO, filing, published 2020-12-16) http://www.thelec.kr/news/articleView.html?idxno=9572: "L&F signed a KRW 1.4547tn cathode supply contract with LGES"

### 천보 (high)  → /chunbo.md
- note: Chunbo supplies electrolyte salts and additives to LG Energy Solution.
- [confirms] THE ELEC (EN, news, published 2021-01-25) https://www.thelec.net/news/articleView.html?idxno=2238: "Chunbo supplies LiPO2F2 and other salts and additives to cell makers including LG Energy Solution."

### Umicore (mid)  → /umicore.md
- metric: volume 125,000 tonnes · 2020~ · NMC cathode supply (signed by LG Chem)
- note: Belgium's Umicore supplies high-performance NMC cathode active material (~80,000t, announced 2019, signed by LG Chem).
- [confirms] Umicore (EN, ir, published 2018-04-25) https://www.umicore.com/en/newsroom/umicore-and-lg-chem-conclude-long-term-supply-agreement-for-nmc-cathode-materials/: "long-term supply agreement for NMC cathode materials"

### Ganfeng Lithium (mid)  → /ganfeng.md
- metric: Count 92,600 t · 2019~2025 · cumulative supply contract
- note: LG Chem / LG Energy Solution contracted to source 92,600 tons of lithium hydroxide and carbonate from Ganfeng Lithium over 2019-2025.
- [confirms] CNPowder (ZH, news, published 2018-09-21) https://news.cnpowder.com.cn/47603.html: "LG Chem contracted to source 92,600 tons of lithium hydroxide and carbonate from Ganfeng and Ganfeng International over 2019-2025."

### 솔루스첨단소재 (mid)
- metric: Contract value $380M · 2021~2025 · 5-yr Hungary copper-foil supply (signed by LG Chem)
- note: Supplies electrodeposited battery copper foil from Hungary for LGES Europe; quality approval 2021.
- [confirms] TheElec (KO, news, published 2021-01-20) https://www.thelec.kr/news/articleView.html?idxno=10129: "Solus received quality approval to supply copper foil to LGES"

### Albemarle (mid)  → /albemarle.md
- note: LG Energy Solution sources battery lithium from Albemarle.
- [confirms] TheElec (KO, news, published 2023-09-15) https://www.thelec.kr/news/articleView.html?idxno=23075: "Albemarle supplies lithium to LG Energy Solution and Tesla."

### 대주전자재료 (mid)  → /daejoo-electronic.md
- note: LG Energy Solution sources silicon anode material from Daejoo Electronic Materials for EV battery cells such as the Porsche Taycan (since 2019).
- [confirms] Mirae Asset Securities (KO, news, published 2024-07-23) https://securities.miraeasset.com/bbs/download/2129978.pdf?attachmentId=2129978: "Daejoo's silicon anode is loaded into LG Energy Solution EV battery cells, with expansion to more Porsche models and mass-market models expected."

### Yunnan Energy (Enjie) (mid)  → /yunnan-energy.md
- note: LG Energy Solution is an overseas customer that has signed a long-term separator supply agreement with Enjie.
- [confirms] Yunnan Energy New Material FY2024 Annual Report (English) (EN, filing, published 2025-06-10) https://www.semcorp.com/Public/Uploads/uploadfile/files/20250610/enjiegufen2024nianniandubaogaoyingwenban.pdf: "States the Company signed long-term supply agreements with overseas customers such as LGES and Ultium Cells."

### 롯데에너지머티리얼즈 (mid)  → /lotte-energy-materials.md
- note: LG Energy Solution sources anode copper foil from Lotte Energy Materials.
- [confirms] KED Global (EN, news, published 2024-06-21) https://www.kedglobal.com/batteries/newsView/ked202406210015: "LG Energy Solution is named as a copper foil customer of Lotte Energy Materials."

### SKC (mid)  → /skc.md
- note: LG Energy Solution is in talks with SK Nexilis (SKC subsidiary) for a 5-6 year, up to KRW 4tn copper foil supply, but as of July 2025 no contract is signed (still pricing negotiation).
- [confirms] Sisajournal-e (KO, news, published 2025-07-25) https://www.sisajournal-e.com/news/articleView.html?idxno=413715: "LG Energy Solution said it held pricing talks with SK Nexilis but has not yet signed a supply contract."

### 엔켐 (mid)  → /enchem.md
- note: Confirmed (2023) to supply next-gen electrolyte to the GM-LGES JV Ultium Cells Ohio Plant 1; value undisclosed.
- [confirms] TechWorld (EPNC) (KO, news, published 2026-04-06) https://www.epnc.co.kr/news/articleView.html?idxno=330836: "Enchem began supplying electrolyte to the Ohio plant of Ultium Cells, the LG Energy Solution-GM joint venture."
- [confirms] Asia Business Daily (KO, news, published 2023-08-24) https://core.asiae.co.kr/article/2023082408363571135: "Enchem confirmed supply of next-generation electrolyte to Ultium Cells Ohio Plant 1"

### 피엔티 (mid)  → /pnt.md
- note: LG Energy Solution switched its electrode-coating equipment from Japan's Hirano Techseed to PNT; part of its cell-expansion capex flows into PNT equipment orders.
- [confirms] Byline Network (KO, news, published 2022-07-15) https://byline.network/2022/07/15-195/: "LG Energy Solution is one of Korea's three cell makers that adopted PNT's roll-to-roll electrode-process equipment."

### 배터리 파우치 필름 (DNP·쇼와덴코) (mid)  → /dai-nippon-printing.md
- note: Relies heavily on Japan's DNP and Showa Denko (Resonac) for the aluminum-laminate pouch film that encases pouch cells — the reason it is pushing dual-sourcing and localization (Yulchon and others).
- [confirms] THE ELEC (KO, news, published 2025-04-10) https://www.thelec.kr/news/articleView.html?idxno=12269: "LG Energy Solution evaluating Yulchon's domestic pouch film to cut Japan dependence."

### 나노신소재 (CNT 도전재) (mid)  → /advanced-nano-products.md
- note: CNT conductive-additive supplier (cathode/anode).
- [mentions] Finance Scope (KO, news, published 2024-11-07) https://www.finance-scope.com/article/view/scp202411070013: "Uses Nano-Products CNT additives."

### LS일렉트릭 (mid)  → /ls-electric.md
- note: LG Energy Solution sources power equipment for battery plants and ESS from LS Electric; 4.6% of LS Electric's power-infrastructure revenue is to LG Energy Solution.
- [confirms] FSS DART (KO, filing, published 2026-03-18) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001243: "Power-infrastructure top customer: LG Energy Solution 4.6%."

Reverse side: https://valuechain.wiki/lg-energy-solution/customers.md · Ripple: https://valuechain.wiki/lg-energy-solution/ripple.md

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