Posco Future M Ford cathode supply talks suspended amid market shifts

Posco Future M Co., Ltd. has announced that it has suspended negotiations related to Posco Future M Ford cathode supply talks, reflecting shifting dynamics in the global electric vehicle battery materials market. The discussions had drawn attention due to their scale and potential impact on long-term EV supply chains.

Background of the proposed cathode supply

In October 2022, reports indicated that Posco Future M was in talks with Ford Motor Company regarding the supply of cathode materials valued at tens of trillions of Korean won, equivalent to several trillion Japanese yen. The potential agreement was positioned as a major step in strengthening battery material sourcing for electric vehicles.

Progress made before suspension

Before the suspension, the two companies had moved beyond preliminary discussions. They were reportedly reviewing concrete supply concepts and had already initiated related research and development activities to align material specifications with future EV battery requirements.

Market-driven pause and next steps

According to Posco Future M, the decision to halt negotiations was driven by changes in market conditions affecting the battery cathode market and broader EV demand outlook. The company clarified that talks could resume depending on how future market conditions evolve, leaving the door open for renewed collaboration when circumstances stabilize.