South Korean company to build synthetic graphite anode material plant in Thai Nguyen

South Korean company to build synthetic graphite anode material plant in Thai Nguyen

Battery material and chemical company Posco Future M will develop a new 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 orders increase.

While synthetic graphite plays a key role in improving battery performance, its supply chain is dominated by a few countries, pushing battery makers worldwide to diversify their sourcing.

As trade regulations tighten and demand grows for secure supply chains of critical battery materials, Posco Future M has been strengthening its in-house production capabilities, including manufacturing synthetic graphite anode materials.

Affordable labour and logistics costs give Vietnam a strategic edge over other Southeast Asian countries in terms of pricing competitiveness. In addition, its export-oriented economic policies help secure favourable trade conditions with major markets, including the US.

Posco Future M intends to manufacture cost-competitive products at scale in Vietnam and ship them to global customers.

VIR