Good to see we now have a second key customer underpinning Kwinana production.
POSCO has been strategically building it's battery materials business through merger of it's anode/cathode divisions into POSCO Chemical; now a key partner to LG Chem. Interesting that LG using only natural graphite in their Ultium Cells JV with GM, usually blended with synthetic.
POSCO seems increasingly confident in growth of graphite anode demand, looking at boosting their capacity six-fold to 170ktpa by 2025. Also have plans afoot for European cathode production in Poland, near LG Energy Solution Ltd.’s battery plant. Concrete plans to be unveiled before year end.
Closer to Kwinana, POSCO also in consortium behind LG Chem's new 10 GWh Indonesian battery plant, which bodes well for building local supply chain in WA.
Good to see we now have a second key customer underpinning...
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