# Who does POSCO Future M pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/posco-future-m · Facet: suppliers · Updated: 2026-07-05T02:00:55.325+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: POSCO Future M's confirmed suppliers/cost counterparties include POSCO Holdings plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 2 cost edges, backed by 5 dated sources, 1 of them primary filings (as of 2026-07-05).

### POSCO홀딩스 (mid)  → /posco-holdings.md
- metric: supply volume 20,000 t (수산화리튬) · 2024-12~ · Lithium hydroxide purchase from POSCO Pilbara Lithium Solution (enough for 43kt of cathodes)
- note: POSCO Future M sources key cathode raw materials such as lithium and nickel from the POSCO Holdings-led group value chain. In December 2024 it signed a 20,000-ton lithium hydroxide purchase contract with POSCO Pilbara Lithium Solution, completing a mine-to-cathode in-group supply line that also serves as a non-Chinese, FEOC-compliant sourcing route for the US market.
- [mentions] POSCO Holdings / SEC (EN, filing, published 2026-02-01) https://www.stocktitan.net/sec-filings/PKX/6-k-posco-holdings-inc-current-report-foreign-issuer-34fcb7fcd548.html: "Rechargeable battery materials segment (incl. POSCO Future M, lithium, nickel) FY2025 sales KRW 3.34tn, operating loss KRW 440.9bn."
- [confirms] Business Post (KO, news, published 2024-12-06) https://www.businesspost.co.kr/BP?command=article_view&num=375611: "POSCO Future M said on the 6th it signed a purchase contract with POSCO Pilbara Lithium Solution for 20,000 tons of lithium hydroxide for cathode production, enough for 43,000 tons of cathodes or 460,000 EVs."
- [confirms] POSCO Newsroom (KO, ir, published 2024-11-29) https://newsroom.posco.com/kr/%ED%8F%AC%EC%8A%A4%EC%BD%94%ED%99%80%EB%94%A9%EC%8A%A4-%EA%B5%AD%EB%82%B4-%EC%88%98%EC%82%B0%ED%99%94%EB%A6%AC%ED%8A%AC-%EC%83%9D%EC%82%B0%EA%B3%B5%EC%9E%A5-%EC%A2%85%ED%95%A9-%EC%A4%80%EA%B3%B5/: "POSCO Pilbara Lithium Solution will supply POSCO Future M with lithium hydroxide starting at 20,000 and up to 30,000 tons a year."

### CNGR (씨앤피신소재 JV) (mid)
- note: POSCO Future M has an 80:20 precursor JV (C&P Materials) with China's CNGR to build a 100k-ton precursor / 250k-ton nickel-refining base (~KRW 1.6tn) in Pohang, aiming to source China-dependent precursor domestically.
- [confirms] DigitalDaily (KO, news, published 2025-09-05) https://m.ddaily.co.kr/page/view/2025090510493193838: "C&P Materials is an 80:20 precursor JV between China's CNGR and POSCO Future M."
- [confirms] DigitalDaily (KO, news, published 2023-05-10) https://m.ddaily.co.kr/page/view/2023051013233703674: "CNGR is preparing a KRW 1.6tn JV with Pohang, POSCO Holdings and POSCO Future M to build a 100k-ton precursor and 250k-ton nickel-refining plant in Pohang."

Reverse side: https://valuechain.wiki/posco-future-m/customers.md · Ripple: https://valuechain.wiki/posco-future-m/ripple.md

---
Full node: https://valuechain.wiki/posco-future-m.md · JSON: https://valuechain.wiki/posco-future-m.json