Siviour --> POSCO --> US
The US is paving the way for 100% allied-sourced natural graphite anodes to enter the US market:
"Upon completion of the recently decided spherical graphite plant for anode materials, [POSCO] expects to enjoy distinctive premiums in the global anode material market by achieving independence in its anode material supply chain. Additionally, the U.S. Department of Commerce (DOC) issued a preliminary determination this month to impose countervailing duties exceeding 700% on Chinese anode materials, and market demand for POSCO Future M’s anode materials is expected to increase significantly going forward...
The company plans to capture the global market through the development of high-value-added products, including low-expansion natural graphite anode materials." (Link)
"On June 17, [POSCO Chairman] Jang attended a roundtable organized by The Korea Society, an organization established to promote mutual understanding and cooperation between Korea and the United States, to explore cooperation methods between the two countries centered on the group’s business...
The meeting included in-depth discussions on opportunities for Korea-U.S. cooperation in steel, secondary battery materials, and energy sectors amid geopolitical uncertainties...
Jang has been continuing his global management activities, focused on steel and secondary battery material businesses ... In May, he attended the opening ceremony of the Australia Core Resource Research Institute, the first overseas resource research institute established by a Korean company." (Link)
Next up: ITC preliminary AD rates on July 16.
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