# Posco Chemical signs 40 trillion won cathode material supply deal with Samsung SDI

Posco Chemical has signed a 10-year contract to supply high-nickel NCA cathode materials to Samsung SDI from 2023 to 2032, valued at 40 trillion won.

- Type: Contract
- Announced: 2023-01-30
- Where: South Korea
- Value: $32.4B (40000.0B KRW)
- Status: announced
- Products: high-nickel NCA cathode materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [POSCO Chemical](https://endata.com/companies/44695.md)
- [Samsung SDI](https://endata.com/companies/16013.md) (customer)
- [POSCO Chemical](https://endata.com/companies/44695.md) (supplier)

## Sources

- [ddaily.co.kr](https://www.ddaily.co.kr/page/view/2023013017251719986), 2023-01-31: "포스코케미칼은 올해부터 2032년까지 10년 동안 삼성SDI에 전기차 배터리용 하이니켈 니켈·코발트·알루미늄(NCA) 양극재를 공급하는 계약을 체결했다고 밝혔다."
- [batteriesnews.com](https://batteriesnews.com/posco-chemical-signs-33-bil-deal-supply-cathode-materials-samsung-sdi/), 2023-02-01: "This 40 trillion won contract is the largest and longest-term order since the founding of POSCO Chemical."
- [newsroom.posco.com](https://newsroom.posco.com/en/posco-chemical-lands-40-trillion-krw-cathode-materials-supply-contract-for-samsung-sdis-batteries-2/), 2023-02-15: "POSCO Chemical and Samsung SDI signed a mid- to long-term supply contract for cathode materials."

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