LG Energy Solutions (LGES) and POSCO Chemicals – now POSCO Future M – have signed a deal for the supply of nickel-cobalt-aluminum (NCA) and nickel-cobalt-manganese-aluminum (NCMA) cathode materials worth $22.6 billion over the next 7 years to 2029. The deal follows the signing of a memorandum of understanding (MoU) between the two parties last October, committing the two companies to further cooperation in the field including in lithium-ion battery markets. It also follows a similar deal being struck between Samsung SDI and POSCO Future M in January worth $32.5 billion over 10 years for the sale of NCMA cathode materials. All of these companies have been working together for a long time showing a maturity in the South Korean supply…