Media Reports, page-1339

Posco’s anode business is expected to require 30,000 tonnes per year from Black Rock, with a minimum supply of 20,000 tpy. The anode market is expected to grow rapidly with the acceleration in the take up of electric vehicles. Posco anticipates its need for graphite concentrate will rise from 114,000 tonnes in 2022, rising to 229,000 tonnes in 2025, before reaching 417,000 tonnes in 2030.

The South Korean company anticipates needing the increased volume of flake graphite to grow its anode business from 82,000 tpy in 2022 to 320,000 tpy by 2030.The company produces anode and cathode, and was the largest anode producer outside of China in 2022.

Posco must have a AAM plant in China or a SPG plant and exports it to Korea to process into AAM. I wonder if their expansion includes building a SPG plant in Korea. Could be a potential customer. If they bought 114kt of concentrate last year, their SPG/AAM plant size must be around 70kt-80kt