S. Korea’s Posco Chemical says wins $32.6B order from Samsung SDI

This file photo taken Aug. 29, 2019, shows Samsung Electronics Co.'s outdoor sign at the company's office building in Seoul. (Yonhap). Sketched by the Pan Pacific Agency.

SEOUL, Jan 30, 2023, Reuters. Posco Chemical (003670.KS) said on Monday it has won a 40 trillion won ($32.60 billion) order from Samsung SDI (006400.KS) to supply cathode materials for electric vehicle batteries between 2023 and 2032, Reuters reported.

However, the deal value could change due to further negotiations and fluctuating prices of raw materials, the company added.

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