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S Korea’s EcoPro to supply lithium hydroxide to SK On

  • Spanish Market: Metals
  • 18/07/25

Major South Korean lithium-ion battery cathode active material (CAM) manufacturer EcoPro on Thursday signed an agreement to supply battery producer SK On 6,000t of lithium hydroxide by the end of this year.

The contracted volume is sufficient to produce batteries for about 100,000 electric vehicles, EcoPro said. In addition to this agreement, the firms are planning to sign another contract before December for additional supply for the next 2-3 years.

Demand for non-Chinese lithium raw materials is expected to increase on the back of the revised Trump administration's One Big Beautiful Bill Act, and EcoPro will use this agreement to secure more customers in North America and Europe, EcoPro's chief executive Kim Yoon-tae said.

EcoPro signed an agreement in March to partner with Canada's Hydro Quebec to expand its business portfolio to development and production of CAM for all solid state batteries.

But EcoPro has cut down domestic investment in South Korea because of "deferral of customer demand". EcoPro cut its planned investment in new facilities by over 20pc in June to 755.3bn Korean won ($543mn) from the original sum of W957.3bn announced in 2024. It also extended the commitment period to 30 September 2026 from 31 August 2025.


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