Posco Future M signed KRW 6 trillion deal: Samsung targets KRW 230,000 for Posco Future M stock

Published on 10/14/2026 at 03:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Samsung raised Posco Future M stock target to KRW 230,000 on October 12, 2026. The deal more than doubles 190,000 tons through 2032.

Supply agreements and analyst target

Posco Future M signed a KRW 6 trillion Samsung SDI contract on October 6, 2026.
Samsung Securities raised its target to KRW 230,000 on October 12, 2026.
A stock calendar lists November 16, 2026 as the filing deadline for the September-quarter report.

Posco Future M, KR7003670007, Illustration mit AI erstellt.

Posco Future M (ISIN KR7003670007) had signed a KRW 6 trillion long-term supply contract with Samsung SDI on October 6, 2026. POSCO Group Newsroom reported the agreement, while Newspim said on October 12, 2026 that Samsung Securities had raised its target from KRW 200,000 to KRW 230,000.

Three contracts reshape the battery mix

POSCO Future M said the Samsung SDI agreement covers LFP cathode materials from 2027 through 2032 and more than doubles the 190,000 tons agreed in August. The expanded contract also includes LMO cathode materials and synthetic graphite anode materials, widening the relationship beyond the existing NCA supply.

The company expects supply volume to rise 45 percent from existing levels as the product lineup broadens. That figure matters because the contract adds confirmed demand while Posco Future M is converting production capacity to LFP materials.

What does the target change imply?

Samsung Securities kept its Buy rating and raised the target by 15 percent, from KRW 200,000 to KRW 230,000, according to Newspim on October 12, 2026. Its third-quarter forecast called for revenue of KRW 816.6 billion and operating profit of KRW 10.2 billion, below the KRW 22.8 billion market estimate for operating profit.

Chronology of supply expansion

POSCO Future M described an agreement for more than 190,000 tons on August 7, 2026 and a KRW 1.1 trillion SK On contract on September 22, 2026. The Samsung SDI agreement followed on October 6, 2026 at KRW 6 trillion, making the latest contract the largest of the three by stated value.

Next reporting date

A stock calendar lists November 16, 2026 as the filing deadline for the September-quarter report, according to Atsview. The timing gives investors a scheduled checkpoint for testing whether the new supply agreements are beginning to offset weaker near-term cathode demand.

KRW 182,900 on the KRX

Posco Future M stock was trading at KRW 182,900.00 on the KRX on October 14, 2026 at 10:25 a.m. KST. The quote was 38.93 percent below the 52-week high of KRW 299,500.00, while market capitalization stood at KRW 16.3 trillion on the same date.