Posco and GM into the US venture.
Posco investing in Synthetic Graphite in Pohang.
Do they want NVX Synthetic for US.
Like 10,000 tons.
https://www.kedglobal.com/newsView/ked202112020009?lang=.
02/12/2021
POSCO Chemical, GM to launch new battery material JV in US
The JV will produce cathode materials for a high-nickel NCMA mixture from 2024 for supply to Ultium Cells
SYNTHETIC GRAPHITE FOR ANODE MATERIALS
Meanwhile, POSCO Chemical said on Thursday it has completed its first-phase construction of a synthetic graphite plant in Pohang.
The plant, Korea’s first, will initially have an annual production capacity of 8,000 tons and increase the production volume to 16,000 tons a year by 2023.
According to market tracker SNE Research, synthetic graphite will account for 73% of the global graphite market by 2025 from 60% in 2020.
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