Topic
Battery and other technologies that store electricity for later use on power grids, including lithium, sodium and flow-battery designs.
Posco Future M and L&F have signed about 8.9 trillion won of LFP cathode deals with Samsung SDI and SK On. China makes over 98% of LFP cathode. Of the deals, 8.7 trillion won start in 2027, and Korean costs are untested.
Reality
Korea's building fuel cell makers plan a joint export venture on Japan's 2009 Ene-Farm model after a new hydrogen law dropped their public-building mandate. Members and terms are still being discussed, while the dated contracts are in power generation and storage.
Reality
LG Energy Solution expects third-quarter operating profit to rise 25.7% to 756 billion won, or 339.1 billion won without US tax credits. Analysts cited by Channel NewsAsia trace the beat to a one-off payment from an automaker that missed its purchase minimums, a sign of weak EV demand.
Perspective Coverage
5 publishersReality
LG Energy Solution will buy 240,000 tons of lithium concentrate from Canada's Elevra Lithium over four years, starting late this year. According to Seoul Economic Daily, the material can be refined for LFP storage cells or high-nickel car batteries, so LG can choose the market later.
Perspective Coverage
3 publishersReality
Posco Future M will supply Samsung SDI with 6 trillion won of LFP cathode from 2027 to 2032, in volumes more than double the 190,000 tons agreed in August. The contract gives the supplier six years of demand to build plants against, provided Samsung SDI's volumes are firm.
Reality
Korea's climate ministry targets commercial tandem solar cells by 2028 in a roadmap that will shape the country's 2028 national R&D investment standards. Superconducting grids go to a new advisory committee that will study the state's role over 10 to 20 years.
Reality