China allowed EV battery materials exports to Korean battery makers amid its curb started in December.
Korea has selected 185 materials, including graphite and urea, to stabilize its supply chain by reducing reliance on specific countries such as China.
Korea's industry ministry said Tuesday it has delivered concerns to China over Beijing's export curb on graphite that could potentially disrupt the supply chains of the global battery industry.
Ground was broken for Posco Chemical’s artificial graphite-based anode facility in Pohang, North Gyeongsang, the company said Wednesday.
LG Energy Solution is scrambling to expand its supply chain of critical minerals in an effort to reduce its dependency on China after the passage of the U.S. government's Inflation Reduction Act (IRA).
Posco Chemical said Wednesday it plans to acquire a 15 percent stake in a Chinese manufacturer of artificial graphite anode material as part of efforts to bolster its battery materials business.
Posco Group on Thursday said it will boost its businesses related to rechargeable batteries to take advantage of the growing popularity of electric vehicles.
Korea JoongAng Daily Sitemap