POSCO International wins $1.16B rare earth magnet supply contracts for EVs

POSCO International signed contracts to supply rare earth permanent magnets for electric vehicles worth a total of 1.16 trillion won ($900 billion from a North American automaker and 260 billion won from a European luxury car brand), with supply starting in 2025-2026.

“POSCO International has signed a contract to supply rare earth permanent magnets for electric vehicles worth 1.16 trillion won to expand its electric vehicle parts business.”mk.co.kr

• 2 sources
• mk.co.krPOSCO International has signed a contract to supply rare earth permanent magnets for electric vehicl.. - MKHeesu Kim heat@mk.co.krMar 12, 2024
• mk.co.krPOSCO International has signed a contract to supply rare earth permanent magnets for electric vehicl.. - MKKim Hee Soo.Mar 12, 2024

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