Cell and battery-module manufacturer, cobalt-sulfate buyer and cathode-material customer.
Sources support the description and the individual connections below. Publication and checking dates refer to the evidence, not a guarantee of current operations.
Reported means the cited source describes the relationship at its evidence date. Historical relationships refer to an earlier period. Announced agreements may not have been implemented. None of these labels confirms that trade continues today.
A March 6 binding term sheet updated cobalt-sulfate supply to 60% of planned refinery output through 2029, with an extension option to 2032. Commercial production was targeted for late 2027.
an extension of its cobalt hydroxide feed purchase agreement with Glencore AG
a firm commitment for 60% of Electra’s cobalt sulfate production through to 2029
LG Energy Solution announced a long-term agreement for NCMA battery modules with Toyota Motor North America, planning annual capacity of 20 GWh from 2025. This announcement does not verify commencement.
The battery modules, consisting of high-nickel NCMA (nickel, cobalt, manganese, aluminum) pouch-type cells
POSCO Future M announced an NCM/NCMA cathode-material supply contract covering 2023–2029.
The products supplied by POSCO Future M are high-nickel NCM and NCMA cathode materials