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POSCO Future M (formerly POSCO Chemical, renamed March 2023) is South Korea's largest battery-materials maker, producing cathode active materials (CAM) and anode active materials (AAM) for lithium-ion EV and ESS batteries at plants in Gwangyang and Pohang (Korea), Tongxiang (China), and Bécancour (Canada).
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 2 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
US customs bills of lading, shipper Posco Future M Co., Ltd. (anode active material from its Korean graphite anode lines, Sejong/Pohang): BoL CMDUSEL2125145 arrived 2026-09-24, 'Anode Active Material' 323,492 kg, South Korea origin, consignee 'Panasonic Energy Of' (Panasonic Energy of North America, cell plants at Sparks NV and De Soto KS); CMDUSEL2123480 arrived 2026-09-14, 'Anode Active Material' 254,688 kg, same consignee. Graphite anode powder, not cells. Korea to US by sea.
Ultium CAM is a GM / POSCO Future M joint venture in Becancour, Quebec making cathode active material for GM's battery supply chain (Government of Canada release, 2023). GM is also JV co-owner (reported 85% POSCO Future M / 15% GM, Korea Herald). Phase 1 start now targeted late Oct 2026 after a long delay; phase 2 expansion paused Oct 2025. No volume or share_pct stated.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
Every exposure is read as a buyer dependency; the top 3 are its binding chokepoints.
As a buyer, policy pressure across its consumed materials is flat.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
No actions in the register have named or swept this company in the last 24 months.