Posco Chemical buys 13% stake in Chinese spherical graphite company

By Sybil Pan
Published: Monday, 13 September 2021

Posco Chemical acquired a 13% stake in Qingdao Zhongshuo New Energy Technology for 4.9 billion South Korean won ($4.2 million) late in the week ended Friday September 10, to secure the stable supply of spherical graphite that it needs to produce anode materials, according to sources.

Qingdao Zhongshuo New Energy Technology, based in the city of Qingdao in Shandong province, has capacity for 25,000 tonnes per year of spherical graphite, a raw material for the manufacture of lithium ion batteries. The company is a subsidiary of Haida, a major graphite producer in China.

Posco Chemical...

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