# If POSCO Future M moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/posco-future-m · Facet: ripple · Updated: 2026-11-02T17:23:22.775327+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, POSCO Future M is directly linked to 4 companies (1 supply, 3 revenue, 1 investment relationships) and reaches 12 companies within two hops; the links are backed by 22 dated sources, 5 of them primary filings (as of 2026-11-02).

After falling 60.4% in 2024, the stock rebounded 31.6% in 2025 but was down 9.6% through November 2, 2026. Connected customers were all ahead: Samsung SDI +45.9% through October 8, SK Innovation +23.5% through September 4 and LG Energy Solution +0.8% through October 8. Energy Materials revenue recovered to KRW 460bn in Q3, while new LFP agreements added KRW 6tn with Samsung SDI and KRW 1.1tn with SK On, but major deliveries begin in 2027. If customer strength reaches utilization and revenue, POSCO Future M is the lagging transmission layer. Delayed LFP conversion or weaker ESS demand would leave the gap as contract timing rather than propagation.

## Demand chain (leading)
- T1 LG Energy Solution (https://valuechain.wiki/lg-energy-solution.md)
- T2 Tesla (https://valuechain.wiki/tesla.md)
- T3 PG&E Corporation (https://valuechain.wiki/pg-e.md)
- T3 Edison International (https://valuechain.wiki/edison-international.md)
- T2 Toyota Motor Corporation (https://valuechain.wiki/toyota.md)
- T3 Mazda Motor (https://valuechain.wiki/mazda-motor.md)
- T2 General Motors (https://valuechain.wiki/general-motors.md)
- T2 Hyundai Motor Company (https://valuechain.wiki/hyundai-motor-company.md)
- T3 Hyundai Transys (https://valuechain.wiki/hyundai-transys.md)
- T2 Honda Motor (https://valuechain.wiki/honda-motor.md)
- T2 DTE Energy (https://valuechain.wiki/dte-energy.md)
- T3 Oracle (https://valuechain.wiki/oracle.md)
- T1 SK Innovation (SK On) (https://valuechain.wiki/sk-innovation.md)
- T2 Nissan Motor (https://valuechain.wiki/nissan-motor.md)
- T3 Mitsubishi Motors (https://valuechain.wiki/mitsubishi-motors.md)
- T2 Ford Motor Company (https://valuechain.wiki/ford-motor-company.md)
- T3 Ecolab Inc. (https://valuechain.wiki/ecolab.md)
- T3 United Rentals (https://valuechain.wiki/united-rentals.md)
- T1 Samsung SDI (https://valuechain.wiki/samsung-sdi.md)

## Supply chain (benefiting)
- T1 POSCO Holdings (https://valuechain.wiki/posco-holdings.md)

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