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POSCO Future M to make spherical graphite as it cuts dependence on China

Korea Economic Daily LogoKorea Economic Daily12h ago

POSCO Future M to make spherical graphite as it cuts dependence on China - Korea Economic Daily

Quick Summary:

POSCO Group is also known to be exploring additional investment opportunities in overseas natural graphite assets to further dilute its reliance on Chinese sources.“By sourcing natural graphite from countries outside China and producing spherical graphite domestically, we can establish a fully independent anode material value chain, a critical step in de-risking our battery operations,” said a POSCO Future M official.

POSCO Future M Co., South Korea’s leading battery materials maker, is set to manufacture spherical graphite – a critical material for battery anodes – in a strategic pivot to reduce its dependence on Chinese suppliers and fortify its electric vehicle battery supply chain.

After a board meeting on Tuesday, the affiliate of Korea’s top steelmaker POSCO Holdings Inc.said it will establish a new subsidiary, tentatively named Carbon New Materials Co., to oversee the production of spherical graphite.


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Category: Economy

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 11:09:10 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 28162680

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Official Website: kedglobal.com

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News Last Updated: 2 hours ago

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