US EditionSouth Korean company to build synthetic graphite anode material plant in Thai Nguyen
3 Articles
3 Articles
POSCO FutureM is building an anode materials plant in Vietnam. This is its first overseas production base since launching its anode materials business in 2011. China accounts for over 90% of the global market for anode materials, a key battery material. POSCO FutureM, Korea's sole anode materials producer, plans to target the global battery supply chain outside of China, focusing on its Vietnam plant. POSCO FutureM announced at a board meeting o…
Korea’s POSCO Future M to invests $270M in battery materials plant in Vietnam
South Korea’s POSCO Future M plans to invest KRW357 billion ($270 million) in building a new factory in Vietnam’s Thai Nguyen province, to produce artificial graphite anode materials used in batteries. In a Thursday press release, POSCO Future M said the investment is part of its plan to expand global orders, including customers from South Korea, North America, and the EU. Artificial graphite anode materials are a key component in lithium-ion ba…
South Korean company to build synthetic graphite anode material plant in Thai Nguyen
Posco Future M's synthetic graphite anode material plant in South Korea As reported by the Korea Herald, Posco Future M has approved an investment of about 3.57 billion won ($2.44 million) to build the facility. Construction is set to begin in the second half of this year, with mass production targeted for 2028. The plant will be developed on a site with room to scale up production to about 55,000 tonnes, with expansions carried out in phases as…
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