{"slug":"posco-future-m","name":"포스코퓨처엠","name_en":"POSCO Future M","ticker":"003670.KS","updated_at":"2026-07-05T02:00:55.325+00:00","canonical":"https://valuechain.wiki/posco-future-m","same_as":["https://finance.yahoo.com/quote/003670.KS","https://finance.naver.com/item/main.naver?code=003670"],"citable":"밸류체인 그래프 기준 포스코퓨처엠의 직접 연결 기업은 3곳(관계 기준 공급 1·매출 2·투자 1)이고, 사슬을 2차까지 넓히면 8곳에 닿는다. 링크의 근거 출처는 16건이며 그중 1차공시가 4건이다 (valuechain.wiki, 2026-07-05 기준).","citable_en":"Per the valuechain.wiki graph, POSCO Future M is directly linked to 3 companies (1 supply, 2 revenue, 1 investment relationships) and reaches 8 companies within two hops; the links are backed by 16 dated sources, 4 of them primary filings (as of 2026-07-05).","kicker":"양극재·음극재 이원 배터리소재","kicker_en":"Cathode and anode battery materials","lead":"포스코퓨처엠은 포스코그룹의 배터리소재사로, 양극재와 음극재를 모두 양산하는 국내 유일 기업이다. 2025년 별도 매출 2조9,386억원(전년 대비 -20.6%)에 영업이익 328억원으로 흑자 전환했지만 4분기에는 영업손실 518억원을 내는 등 EV 캐즘의 영향이 이어지고 있다. 누적 양극재 수주는 약 92조원으로 LG에너지솔루션(약 52조원)과 삼성SDI(40조원)에 집중돼 있고, 2025년 10월에는 창사 최대인 6,710억원 규모 천연흑연 음극재 공급계약(해외 완성차, 비공개)을 공시했다.","lead_en":"POSCO Future M is POSCO Group's battery-materials arm and the only Korean company mass-producing both cathodes and anodes. FY2025 non-consolidated revenue was KRW 2.94 trillion (down 20.6%) with KRW 32.8 billion of operating profit, a return to the black, though Q4 swung back to a KRW 51.8 billion loss amid the EV chasm. Cumulative cathode orders total about KRW 92 trillion, concentrated in LG Energy Solution (~KRW 52tn) and Samsung SDI (KRW 40tn), and in October 2025 it disclosed its largest-ever anode deal, a KRW 671 billion natural-graphite contract with an undisclosed global automaker.","segments":{"parts":[{"name":"양극재 (하이니켈 NCA·NCMA)"},{"name":"음극재 (천연·인조흑연)"},{"name":"내화물"},{"name":"라임화성"}],"total":"FY2025 별도 매출 ₩2.94조","concentration":"누적 양극재 수주 약 92조: LG에너지솔루션 52조·삼성SDI 40조"},"segments_en":{"parts":[{"name":"Cathodes (high-nickel NCA/NCMA)"},{"name":"Anodes (natural and synthetic graphite)"},{"name":"Refractories"},{"name":"Lime and chemicals"}],"total":"FY2025 revenue ₩2.94tn (non-consolidated)","concentration":"~₩92tn cumulative cathode orders: LGES ₩52tn, Samsung SDI ₩40tn"},"returns_yearly":{"2021":-17.7,"2022":97.6,"2023":16.3,"2024":-43.6,"2025":56.5,"2026":-32},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"mazda-motor","name":"마쓰다","name_en":"Mazda Motor","tier":3,"returns_yearly":{"2021":18.8,"2022":22.8,"2023":81.1,"2024":-39,"2025":17.3,"2026":-3.2}},{"slug":"honda-motor","name":"혼다","name_en":"Honda Motor","tier":2,"returns_yearly":{"2021":25.8,"2022":-0.8,"2023":62.2,"2024":-8,"2025":10,"2026":-1.2}},{"slug":"general-motors","name":"제너럴 모터스","name_en":"General Motors","tier":2,"returns_yearly":{"2021":40.8,"2022":-42.4,"2023":7.9,"2024":49.8,"2025":54.2,"2026":-3.8}},{"slug":"hyundai-motor-company","name":"현대차","name_en":"Hyundai Motor Company","tier":2,"returns_yearly":{"2021":-16.7,"2022":-4.7,"2023":16.2,"2024":12.3,"2025":158.8,"2026":-7.8}},{"slug":"tesla","name":"Tesla","name_en":"Tesla","tier":2,"returns_yearly":{"2021":49.8,"2022":-65,"2023":101.7,"2024":62.5,"2025":11.4,"2026":-9.3}},{"slug":"toyota","name":"Toyota Motor Corporation","name_en":"Toyota Motor Corporation","tier":2,"returns_yearly":{"2021":58.1,"2022":-13.4,"2023":63,"2024":1.8,"2025":21.8,"2026":-18.2}},{"slug":"samsung-sdi","name":"삼성SDI","name_en":"Samsung SDI","tier":1,"returns_yearly":{"2021":-19,"2022":15.8,"2023":-45.7,"2024":-40.2,"2025":75.7,"2026":11.3}},{"slug":"lg-energy-solution","name":"LG에너지솔루션","name_en":"LG Energy Solution","tier":1,"returns_yearly":{"2023":-26.9,"2024":-7.6,"2025":13.1,"2026":-18.1}}],"benefiting":[{"slug":"posco-holdings","name":"POSCO홀딩스","name_en":"POSCO Holdings","tier":1,"returns_yearly":{"2021":13.9,"2022":19.9,"2023":43,"2024":-37.3,"2025":38.3,"2026":-8.8}}],"analysis":"양극재·음극재 이원 배터리소재 기업. 2025년 +56.5% 뒤 2026년 -32%로 크게 되돌렸다. 공급단(평균 -8.8%)이 본주(-32%)보다 세게 움직였다. 공급 병목 국면의 전형으로, 본주 마진보다 공급사 물량 레버리지가 먼저 반영되고 있다는 신호다. 연결 노드 중 가장 앞선 곳은 삼성SDI(+11.3%), 가장 처진 곳은 LG에너지솔루션(-18.1%)다. 격차가 사슬 논리로 설명되면 후자가 다음 전파 후보이고, 설명되지 않으면 그 연결 자체를 다시 봐야 한다. 누적 양극재 수주 약 92조: LG에너지솔루션 52조·삼성SDI 40조.","analysis_en":"POSCO Future M operates across Cathode and anode battery materials. After +56.5% in 2025, it gave back -32% in 2026. The supply side (avg -8.8%) has moved harder than the stock (-32%). That is the classic bottleneck pattern: supplier volume leverage is being priced before this layer's own margin. Among connected nodes the furthest ahead is Samsung SDI (+11.3%) and the furthest behind is LG Energy Solution (-18.1%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Cumulative cathode orders total about KRW 92 trillion, concentrated in LG Energy Solution (~KRW 52tn) and Samsung SDI (KRW 40tn), and in October 2025 it disclosed its largest-ever anode deal, a KRW 671 billion natural-graphite contract with an undisclosed global automaker.","analysis_asof":"2026-07-10"},"edges":[{"direction":"revenue","counterparty":"삼성SDI","counterparty_slug":"samsung-sdi","confidence":"high","metric":{"type":"contract_value","unit":"조원(KRW trillion)","as_of":"2023-01-30","basis":"하이니켈 NCA 양극재 장기공급계약 총액","value":40,"period":"2023–2032 (10년)","basis_en":"Total value of 10-year high-nickel NCA cathode supply contract"},"note":"포스코퓨처엠(당시 포스코케미칼)은 2023~2032년 10년간 삼성SDI에 전기차용 하이니켈 NCA 양극재를 약 40조원 규모로 공급하는 계약을 2023-01-30 공시. 창사 이래 최대·최장 수주로 삼성SDI를 신규 고객으로 확보했고, 포항 NCA 전용공장을 조기 가동해 납품 중.","note_en":"In January 2023 POSCO Future M (then POSCO Chemical) disclosed a 10-year (2023–2032) deal worth about KRW 40tn to supply high-nickel NCA cathodes to Samsung SDI, its largest and longest order ever, adding Samsung SDI as a new customer.","sources":[{"stance":"confirms","publisher":"POSCO Group Newsroom","publisher_en":"POSCO Group Newsroom","kind":"ir","lang":"en","published_at":"2023-02-15","url":"https://newsroom.posco.com/en/posco-chemical-lands-40-trillion-krw-cathode-materials-supply-contract-for-samsung-sdis-batteries/","title":"POSCO Chemical lands 40 trillion KRW cathode materials supply contract for Samsung SDI batteries","title_en":"POSCO Chemical lands 40 trillion KRW cathode materials supply contract for Samsung SDI batteries","excerpt":"It has signed a contract to supply high-nickel NCA cathode materials for electric vehicle batteries to Samsung SDI for 10 years from this year to 2032. This contract, which is worth 40 trillion KRW, is the largest and longest-term order POSCO Chemical has landed since its foundation.","excerpt_en":"It has signed a contract to supply high-nickel NCA cathode materials for electric vehicle batteries to Samsung SDI for 10 years from this year to 2032. This contract, which is worth 40 trillion KRW, is the largest and longest-term order POSCO Chemical has landed since its foundation."},{"stance":"confirms","publisher":"포스코그룹 뉴스룸","publisher_en":"POSCO Group Newsroom","kind":"ir","lang":"ko","published_at":"2023-01-30","url":"https://newsroom.posco.com/kr/포스코케미칼-삼성sdi-배터리용-양극재-40조-원-수주/","title":"포스코케미칼, 삼성SDI 배터리용 양극재 40조 원 수주","title_en":"POSCO Chemical wins KRW 40tn Samsung SDI cathode order","excerpt":"포스코케미칼은 올해부터 2032년까지 10년간 삼성SDI에 전기차 배터리용 하이니켈 NCA 양극재를 공급하는 계약을 체결했다고 30일 공시했다. 40조원 규모의 이번 계약은 포스코케미칼 창사 이래 최대 규모이자 최장 기간의 수주다.","excerpt_en":"POSCO Chemical disclosed on the 30th a contract to supply high-nickel NCA cathodes to Samsung SDI for 10 years (2023–2032); the KRW 40tn deal is its largest and longest order ever."},{"stance":"confirms","publisher":"뉴시스","publisher_en":"Newsis","kind":"news","lang":"ko","published_at":"2023-01-30","url":"https://www.newsis.com/view/?id=NISX20230130_0002174545","title":"포스코케미칼, 삼성SDI에 배터리 양극재 공급…40조 '사상최대'","title_en":"POSCO Chemical to supply Samsung SDI battery cathodes in record KRW 40tn deal","excerpt":"포스코케미칼은 올해부터 2032년까지 10년간 삼성SDI에 전기차 배터리용 하이니켈 NCA 양극재 공급 계약을 체결했다고 30일 공시했다. 이번 계약은 40조원 규모로 포스코케미칼 창사 이래 최대 규모이자 최장 기간의 수주다.","excerpt_en":"POSCO Chemical disclosed on the 30th a contract to supply high-nickel NCA cathodes for EV batteries to Samsung SDI for 10 years through 2032; at KRW 40tn it is the largest and longest order since its founding."}]},{"direction":"revenue","counterparty":"LG에너지솔루션","counterparty_slug":"lg-energy-solution","confidence":"high","metric":{"type":"contract_value","unit":"조원(KRW trillion)","as_of":"2023-04-26","basis":"하이니켈 NCM·NCMA 양극재 장기공급계약 총액","value":30.2595,"period":"2023–2029 (7년)","basis_en":"Total value of long-term high-nickel NCM/NCMA cathode supply contract"},"note":"포스코퓨처엠은 2023~2029년 7년간 LG에너지솔루션에 하이니켈 NCM·NCMA 양극재를 약 30조2,595억원 규모로 공급하는 계약을 체결(2023-04-26). 2012년부터 협력해 온 최대 고객으로 2020년 1.8조 첫 대형계약에 이어 누적 발주액이 약 52조원에 달한다.","note_en":"In April 2023 POSCO Future M signed a 7-year (2023–2029) deal worth about KRW 30.26tn ($22.6bn) to supply high-nickel NCM/NCMA cathodes to LG Energy Solution, its largest customer; cumulative LGES cathode orders reach ~KRW 52tn.","sources":[{"stance":"confirms","publisher":"포스코퓨처엠","publisher_en":"POSCO Future M","kind":"filing","lang":"ko","published_at":"2023-04-26","url":"https://www.poscofuturem.com/pr/view.do?num=684","title":"포스코퓨처엠, LG에너지솔루션과 30조원 규모 양극재 공급계약","title_en":"POSCO Future M signs KRW 30tn cathode supply deal with LG Energy Solution","excerpt":"올해부터 2029년까지 7년간 LG에너지솔루션에 약 30조 2595억 규모의 양극재를 공급하는 계약을 26일 체결했다.","excerpt_en":"It signed a contract on the 26th to supply about KRW 30.2595tn of cathodes to LG Energy Solution over 7 years from this year to 2029."},{"stance":"confirms","publisher":"The Korea Herald","publisher_en":"The Korea Herald","kind":"news","lang":"en","published_at":"2023-04-26","url":"https://www.koreaherald.com/article/3113724","title":"Posco Future M, LG Energy Solution sign W30tr cathode supply deal","title_en":"Posco Future M, LG Energy Solution sign W30tr cathode supply deal","excerpt":"Posco Future M secured a contract to supply high-nickel cathode materials to LG Energy Solution... 30.25 trillion won ($22.6 billion) ... over seven years from 2023 to 2029.","excerpt_en":"Posco Future M secured a KRW 30.25tn ($22.6bn) high-nickel cathode supply contract with LG Energy Solution over seven years (2023–2029)."}]},{"direction":"revenue","counterparty":"얼티엄셀즈 (Ultium Cells)","counterparty_slug":null,"confidence":"high","metric":{"type":"contract_value","unit":"조원(KRW trillion), 집행 2.8112조","as_of":"2025-12-31","basis":"GM/얼티엄셀즈향 하이니켈 양극재 중장기 공급계약 총액 및 실제 집행액","value":13.7697,"period":"2023– (집행분 2023~2024 기준)","basis_en":"Total value and actually-executed amount of long-term hi-nickel cathode supply to GM/Ultium Cells"},"note":"포스코퓨처엠은 GM-LG에너지솔루션 합작사 얼티엄셀즈에 하이니켈 양극재를 공급(2023년 계약 13조7,697억원). 다만 리튬가격 급락·미국 EV 둔화로 실제 집행액은 2조8,112억원(약 20%)에 그쳤고, 2025-08 국산 전구체 기반 양극재 첫 출하를 개시.","note_en":"POSCO Future M supplies high-nickel cathodes to Ultium Cells (the GM–LGES JV) under a 2023 contract worth KRW 13.77tn, but only ~KRW 2.81tn (~20%) was executed amid falling lithium prices and a US EV slowdown; first domestic-precursor cathode shipment began Aug 2025.","sources":[{"stance":"confirms","publisher":"전기신문","publisher_en":"Electric Times","kind":"news","lang":"ko","published_at":"2026-01-01","url":"https://www.electimes.com/news/articleView.html?idxno=363682","title":"포스코퓨처엠, GM 양극재 공급 13.7조원에서 2.8조원으로 축소","title_en":"POSCO Future M's GM cathode supply shrinks from KRW 13.7tn to KRW 2.8tn","excerpt":"미국 제너럴모터스(GM)와 2023년부터 맺은 13조7697억원의 전기차용 하이니켈 양극 소재 중장기 공급계약 금액 가운데 실제 집행된 금액은 2조8112억원에 불과한 상태다. 공급물량은 GM·LG에너지솔루션 합작사 얼티엄셀즈로 갔다.","excerpt_en":"Of the KRW 13.77tn long-term hi-nickel cathode contract with GM since 2023, only KRW 2.81tn was actually executed; volumes went to Ultium Cells, the GM–LGES JV."},{"stance":"mentions","publisher":"The Korea Herald","publisher_en":"The Korea Herald","kind":"news","lang":"en","published_at":"2025-08-08","url":"https://www.koreaherald.com/article/10550098","title":"Posco Future M starts supply of Korea-made battery precursors to US Ultium Cells","title_en":"Posco Future M starts supply of Korea-made battery precursors to US Ultium Cells","excerpt":"Posco Future M... first shipment of cathode materials made with domestically produced precursors to Ultium Cells in the United States.","excerpt_en":"Posco Future M made its first shipment of cathodes made with domestic precursors to Ultium Cells in the US."}]},{"direction":"cost","counterparty":"POSCO홀딩스","counterparty_slug":"posco-holdings","confidence":"mid","metric":{"type":"supply_volume","unit":"t (수산화리튬)","as_of":"2024-12-06","basis":"포스코필바라리튬솔루션 수산화리튬 구매계약(양극재 4.3만t·EV 46만대분)","value":20000,"period":"2024-12~","basis_en":"Lithium hydroxide purchase from POSCO Pilbara Lithium Solution (enough for 43kt of cathodes)"},"note":"포스코퓨처엠은 리튬·니켈 등 양극재 핵심원료를 포스코홀딩스 중심의 그룹 수직계열에서 조달한다. 2024년 12월 포스코필바라리튬솔루션과 양극재 제조용 수산화리튬 2만톤 구매계약을 체결해 광산·수산화리튬·양극재로 이어지는 그룹 일관 공급체계를 갖췄고, 미국 FEOC 규제를 피하는 비중국 조달망으로 활용한다.","note_en":"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.","sources":[{"stance":"mentions","publisher":"POSCO Holdings / SEC","publisher_en":"POSCO Holdings / SEC","kind":"filing","lang":"en","published_at":"2026-02-01","url":"https://www.stocktitan.net/sec-filings/PKX/6-k-posco-holdings-inc-current-report-foreign-issuer-34fcb7fcd548.html","title":"POSCO Holdings 6-K (2025 results)","title_en":"POSCO Holdings 6-K (2025 results)","excerpt":"Rechargeable Battery Materials segment sales KRW 3,338,386 million; operating loss KRW -440,863 million.","excerpt_en":"Rechargeable battery materials segment (incl. POSCO Future M, lithium, nickel) FY2025 sales KRW 3.34tn, operating loss KRW 440.9bn."},{"stance":"confirms","publisher":"비즈니스포스트","publisher_en":"Business Post","kind":"news","lang":"ko","published_at":"2024-12-06","url":"https://www.businesspost.co.kr/BP?command=article_view&num=375611","title":"포스코퓨처엠 국내 생산 수산화리튬 2만 톤 구매계약, 미국 수출 양극재 세액공제 혜택 받을 듯","title_en":"POSCO Future M signs 20,000-ton domestic lithium hydroxide purchase deal, eyeing US tax credits","excerpt":"포스코퓨처엠은 포스코필바라리튬솔루션과 5일 양극재 제조용 수산화리튬 2만 톤 구매계약을 체결했다고 6일 밝혔다. 이는 양극재 4만3천 톤을 생산할 수 있으며, 전기차 46만 대에 필요한 량이다.","excerpt_en":"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."},{"stance":"confirms","publisher":"포스코그룹 뉴스룸","publisher_en":"POSCO Newsroom","kind":"ir","lang":"ko","published_at":"2024-11-29","url":"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/","title":"포스코홀딩스, 국내 수산화리튬 생산공장 종합 준공","title_en":"POSCO Holdings completes domestic lithium hydroxide plant","excerpt":"포스코필바라리튬솔루션이 포스코퓨처엠에 수산화리튬을 연 2만톤을 시작으로 최대 3만톤 공급할 예정이다.","excerpt_en":"POSCO Pilbara Lithium Solution will supply POSCO Future M with lithium hydroxide starting at 20,000 and up to 30,000 tons a year."}]},{"direction":"revenue","counterparty":"미국 완성차 (비공개)","counterparty_slug":null,"confidence":"mid","metric":{"type":"contract_value","unit":"조원(₩6,710억), 연장시 1.7조","as_of":"2025-10-14","basis":"천연흑연 음극재 단일판매·공급계약 금액","value":0.671,"period":"2027-10 ~ 2031-09 (4년)","basis_en":"Value of single natural-graphite anode supply contract"},"note":"포스코퓨처엠은 2027-10~2031-09 4년간 글로벌 완성차업체에 천연흑연 음극재 6,710억원을 공급하는 단일판매·공급계약을 2025-10-14 공시(음극재 진출 이래 최대). 연장(6년) 시 총 1.7조원 규모. 중국의 흑연 수출 통제에 따른 탈중국 수요 전환이 배경.","note_en":"On Oct 14, 2025 POSCO Future M disclosed a single supply contract to provide KRW 671bn ($468m) of natural-graphite anodes to a global automaker over Oct 2027–Sep 2031, its largest anode deal ever, up to KRW 1.7tn with a 6-year extension, driven by de-risking from Chinese graphite export curbs.","sources":[{"stance":"confirms","publisher":"한국거래소 KIND(전자공시)","publisher_en":"KRX KIND disclosure","kind":"filing","lang":"ko","published_at":"2025-10-14","url":"https://kind.krx.co.kr/common/disclsviewer.do?method=search&acptno=20251014000279","title":"[포스코퓨처엠] 단일판매ㆍ공급계약체결","title_en":"[POSCO Future M] Single Sale/Supply Contract Conclusion","excerpt":"포스코퓨처엠 단일판매ㆍ공급계약체결 공시 (2025.10.14, 003670). 천연흑연 음극재 공급계약.","excerpt_en":"POSCO Future M single sale/supply contract disclosure (2025-10-14, 003670) for natural-graphite anode supply."},{"stance":"confirms","publisher":"The Korea Herald","publisher_en":"The Korea Herald","kind":"news","lang":"en","published_at":"2025-10-14","url":"https://www.koreaherald.com/article/10593344","title":"Posco Future M wins record W671b anode deal","title_en":"Posco Future M wins record W671b anode deal","excerpt":"The company will supply natural graphite anode materials over four years from October 2027 to September 2031. ... 671 billion won ($468.3 million) ... up to 1.7 trillion won with extension. The client's name remains undisclosed under confidentiality terms.","excerpt_en":"POSCO Future M will supply natural-graphite anodes over Oct 2027–Sep 2031 for KRW 671bn ($468.3m), up to KRW 1.7tn with extension; the client is undisclosed."},{"stance":"confirms","publisher":"한국일보","publisher_en":"The Hankookilbo","kind":"news","lang":"ko","published_at":"2025-10-14","url":"https://www.hankookilbo.com/News/Read/A2025101417530000712","title":"포스코퓨처엠, 6700억 원 규모 해외 완성차에 천연 흑연 음극재 대규모 공급 계약 체결","title_en":"POSCO Future M signs KRW 670bn natural-graphite anode supply deal with overseas automaker","excerpt":"2027년 10월부터 2031년 9월까지 4년간 글로벌 자동차업체에 6710억원 규모의 배터리용 천연흑연 음극재를 공급하는 계약을 체결했다. 계약 상대방은 상호 합의에 따라 공개하지 않기로 했다.","excerpt_en":"It signed a contract to supply KRW 671bn of natural-graphite anodes to a global automaker over Oct 2027–Sep 2031; the counterparty is undisclosed by mutual agreement."}]},{"direction":"cost","counterparty":"CNGR (씨앤피신소재 JV)","counterparty_slug":null,"confidence":"mid","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"포스코퓨처엠은 중국 전구체·양극재 기업 CNGR과 8:2 합작(씨앤피신소재)으로 포항 영일만4산단에 전구체 10만톤·니켈정제 25만톤 규모(약 1.6조원) 생산기지를 구축, 중국 의존도가 높은 전구체 원료를 국내에서 조달할 계획.","note_en":"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.","sources":[{"stance":"confirms","publisher":"디지털데일리","publisher_en":"DigitalDaily","kind":"news","lang":"ko","published_at":"2025-09-05","url":"https://m.ddaily.co.kr/page/view/2025090510493193838","title":"포스코퓨처엠, 'CNGR 합작' 씨앤피신소재 자본 납입 추진…투자 가시화","title_en":"POSCO Future M advances capital injection into CNGR JV C&P Materials","excerpt":"씨앤피신소재는 중국 전구체·양극재 기업인 CNGR과 포스코퓨처엠이 8:2 비율로 합작한 전구체 합작법인이다.","excerpt_en":"C&P Materials is an 80:20 precursor JV between China's CNGR and POSCO Future M."},{"stance":"confirms","publisher":"디지털데일리","publisher_en":"DigitalDaily","kind":"news","lang":"ko","published_at":"2023-05-10","url":"https://m.ddaily.co.kr/page/view/2023051013233703674","title":"화유코발트 이어 CNGR까지 합작…포스코퓨처엠, 中 소재도 다변화","title_en":"After Huayou, CNGR too — POSCO Future M diversifies Chinese materials","excerpt":"CNGR이 포항, 포스코홀딩스·포스코퓨처엠과 1조6000억원 규모의 합작 투자사 설립을 준비 중이며, 포항 영일만4산업단지 내에 전구체 10만톤, 니켈 정제 25만톤 생산을 위한 공장이 착공될 예정이다.","excerpt_en":"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."}]},{"direction":"investor","counterparty":"POSCO홀딩스","counterparty_slug":"posco-holdings","confidence":"mid","metric":null,"note":"POSCO홀딩스가 포스코퓨처엠의 지주회사이자 최대주주다.","note_en":"POSCO Holdings is the holding company and largest shareholder of POSCO Future M.","sources":[{"stance":"confirms","publisher":"한국거래소 KIND","publisher_en":"KRX KIND","kind":"filing","lang":"ko","published_at":"2026-03-11","url":"https://kind.krx.co.kr/common/disclsviewer.do?acptno=20260311002434&docno=&method=search","title":"POSCO홀딩스 사업보고서","title_en":"POSCO Holdings business report","excerpt":"POSCO홀딩스가 포스코퓨처엠을 지배하는 지주회사로 기재돼 있다.","excerpt_en":"The filing lists POSCO Holdings as the holding company controlling POSCO Future M."}]}]}