Posco Future M stock advances LFP expansion for energy storage
Published on 11/11/2026 at 01:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSLFP expansion shapes the outlook
- POSCO Future M plans initial mass production and shipments of LFP cathode materials by the fourth quarter of 2026.
- IBK Investment & Securities expects total cathode shipments to exceed 100,000 tonnes in 2027, with LFP accounting for at least half.
- The company is also developing artificial graphite, sodium-ion and all-solid-state battery materials.
POSCO Future M is preparing the launch of lithium iron phosphate cathode production as it seeks a broader growth base in battery materials. Financial News reported on Wednesday, November 4, 2026, that IBK Investment & Securities expects initial mass production and shipments to begin in the fourth quarter.
Production shifts toward LFP
The company has converted an existing ternary-cathode line at its Pohang plant. That line has annual capacity of about 20,000 tonnes, while further conversions could lift in-house LFP capacity to as much as 105,000 tonnes. A joint venture with C&P Advanced Materials could add up to 50,000 tonnes of capacity for long-term supply contracts.
IBK Investment & Securities expects total cathode-material shipments to exceed 100,000 tonnes in 2027, with LFP representing at least half. The research firm linked the expansion to rising demand for batteries used in energy storage systems and estimated potential Korean demand from three battery makers at 230,000 tonnes in 2027 and 350,000 tonnes in 2030.
Earnings recovery meets one-off effects
Financial News reported that third- and fourth-quarter revenue reached KRW 834.8 billion, up 22.9 percent from the previous quarter, while operating profit rose 207.8 percent to KRW 82.1 billion. Cathode-material revenue increased 44.3 percent to KRW 432.3 billion, and shipments rose 14 percent to 11,000 tonnes.
The report also noted that compensation linked to customer volume shortfalls contributed to earnings. Higher sales of the premium N87 product and the recovery of deferred volumes supported the improvement as well. IBK Investment & Securities expects fourth-quarter cathode shipments of about 16,000 tonnes and forecasts 2027 revenue of KRW 4.019 trillion and operating profit of KRW 205 billion.
Battery materials remain the core
POSCO Future M produces cathode and anode materials for batteries and is expanding beyond conventional electric-vehicle applications. Its development pipeline includes artificial graphite production in Vietnam, sodium-ion battery cathodes, hard-carbon anodes and all-solid-state battery materials.
POSCO Future M at a glance
- Company: POSCO Future M Co., Ltd.
- ISIN: KR7003670007
- Market quote: 169,800 KRW on Wednesday, November 11, 2026, at 09:01:38 KST
- Research source: Financial News
Battery-material demand, the pace of the Pohang line conversions and the profitability of lower-priced LFP products are the next operational markers for investors.
South Korean battery-material companies remain part of the broader KOSPI market environment.
