Media Reports, page-1738

I watched POSCO's 2nd Battery Value Day last night. POSCO isn't mucking around. They're transitioning from being a primary steel producer into a battery materials producer pouring more capital into battery materials than steel in 2023 for the first time. No wonder Sth Korea were desperate to get a FTA with the US to qualify for the IRA.

The whole video is worth watching, however they get into Anodes at the 34 minute mark but mention graphite in parts earlier. It goes for 40 minutes.

A few things to note.
1/ They are not recycling graphite
2/ They're predicting lithium metal anodes will have a 30% market share by 2040. The market by then will be +15x larger than today
3/ They plan to produce 182ktpa of natural AAM by 2030 which will require ~304ktpa of natural fines flake concentrate. More if they are forced to use larger size flake which is way more expensive overall
4/ They have an off-take with BKT for 30kt of fines and 6kt of larger size flake from BKT's stage 1 of 4. If by some miracle BKT get to stage four, they'll only produce 120kt of fines concentrate
5/ POSCO won't import natural graphite from China so they can qualify for the IRA