# POSCO Chemical signs KRW 1.85 trillion cathode material supply contract with LG Chem

POSCO Chemical signed a medium- to long-term unit price and supply contract with LG Chem for cathode materials worth KRW 1.8533 trillion, representing 134% of POSCO Chemical's recent annual revenue.

- Type: Contract
- Announced: 2020-01-21
- Where: South Korea
- Value: $1.58B (1853.3B KRW)
- Status: completed
- Products: cathode materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [POSCO Chemical](https://endata.com/companies/44695.md)
- [LG Chem](https://endata.com/companies/2456.md) (customer)

## Sources

- [etoday.co.kr](https://www.etoday.co.kr/news/view/1847689), 2020-01-21: "포스코케미칼은 LG화학과 1조8533억 원 규모의 양극재 중장기 단가 및 공급 계약을 체결했다고 21일 공시했다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.