Supplying natural graphite anode materials to a major Japanese battery company
Securing new global customers for the anode material business strengthens the foundation for business growth
Continuing customer expansion based on differentiated technology, manufacturing capabilities, and supply chain competitiveness
POSCO Future M is facilitating its global market expansion by securing a major Japanese battery company as a new customer.
POSCO Future M signed an anode material supply contract with a Japanese battery company on the 11th. The company plans to produce natural graphite anode materials at its Sejong plant and supply them for electric vehicle batteries manufactured in Japan. The specific contract partner, duration, and scale will not be disclosed by mutual agreement between the two companies.
POSCO Future M has achieved customer diversification for business growth by securing an additional major Japanese battery company as a customer.
POSCO Future M has developed various natural graphite and artificial graphite anode materials tailored to customer requirements, maintaining a broad product portfolio, and is also advancing the commercialization of silicon anode materials. Additionally, the company has enhanced price competitiveness by pursuing process innovations to improve anode material productivity.
In particular, the company is gaining attention in the global market by establishing a self-sufficient system for graphite ore and intermediate materials. POSCO Future M has been working with the POSCO Group to secure an independent supply chain covering everything from raw materials to material production in response to supply chain diversification efforts and trade regulations in countries including the United States and the EU.
For natural graphite anode materials, the company is achieving self-sufficiency by securing graphite ore from countries outside China, including Africa, and through domestic production of spherical graphite, an intermediate material. For artificial graphite anode materials, the company has secured supply chain competitiveness by processing coke from domestic POSCO steel mills to manufacture graphite raw materials.
POSCO Future M plans to continuously expand its customer base by leveraging differentiated technology to broaden its product portfolio and advancing manufacturing capabilities and supply chain competitiveness.
▲A view of POSCO Future M’s Sejong anode material plant, which produces natural graphite anode materials supplied to Japanese battery companies.