Posco Future M (KRX:003670) secured an electric vehicle battery materials supply deal from a key Japanese battery maker, according to a Friday news release.
Under the contract, Posco Future M will provide the client with natural graphite-based cathode materials for EV batteries manufactured in Japan.
The materials will be produced at the company's Sejong plant in South Korea. Client and volume details were undisclosed in the news release.
Shares of Posco Future M jumped more than 6% in recent trade.
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