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POSCO Chemical said Monday it has signed a largest-ever long-term contract to supply a key component used in electric vehicle (EV) battery cells to Samsung SDI.
POSCO Chemical will supply high-nickel cathodes, consisting of lithium, nickel, cobalt and aluminum, to Samsung SDI, for a 10-year period starting this year for 40 trillion won ($32.5 billion), the chemical unit of steel giant POSCO Holdings said.
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