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POSCO Holdings said, Friday, that it will invest 59.1 billion won ($47.8 million) with its subsidiary POSCO Silicon Solution to build silicon anode production facilities, in a move to fortify its secondary battery materials business. Construction of the plant, with an annual production capacity of 450 tons, will begin in June in Pohang, North Gyeongsang Province. It will be completed in the first half of 2024.

Welcome to the July edition of the graphite miners news. Flake and spherical graphite prices were generally flat over the past month. Click here for a full overview.

South-Korea-based POSCO has acquired silicon anode startup Tera Technos for 47.8 billion won (US$37 million), as the steelmaker enlarges its position within the Li-ion battery supply chain. (Earlier post.) POSCO intends to invest $20 billion into the lithium-ion supply chain between now and 2030. Tera Technos manufactures and supplies silicon...

POSCO Holdings to acquire next-generation anode maker for $37 million