US Inflation Reduction Act is a double edged sword well resourced companies setting up shop in the US.
"In producing cathode and anode materials, EcoProBM and POSCO Chemical are looking to grow production outside China, mainly in the U.S. EcoProBM is looking to expand its current raw material output from 50,000 tons to 200,000 tons by 2024 and will be looking to do so at both existing South Korean plants and a new U.S. production facility. POSCO Chemical is aiming to grow production to 220,000 tons by 2025 and 440,000 tons by 2030 via a new U.S. production facility. POSCO Chemical is also one of a few companies looking to start production of artificial graphite in the U.S. via a new production facility."
https://www.teslarati.com/electric-vehicle-battery-makers-south-korea-united-states-inflation-reduction-act/
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