Search results for Critical Raw Materials Act
Industry
POSCO Future M to build anode material plant in Vietnam, invest 357 billion won
POSCO Future M will build a new synthetic graphite anode material plant in Thai Nguyen, Vietnam, after its board approved an investment of about 357 billion won. Construction will begin in the second half of this year and mass production will start from 2028. The company plans to expand the plant in phases in line with additional orders. It cited rising supply-chain needs amid tighter trade rules.
Industry
Ecopro establishes first European sales subsidiary in Germany
Ecopro has established its first European sales subsidiary, setting it up in Germany and appointing Kimbal Virdi as head of the entity, the company said on Jan. 28. It aims to speed up its push into Europe’s electric vehicle and battery markets after building a production base in Hungary. The subsidiary will serve as a European business hub to identify new opportunities, respond to customers in real time and improve order competitiveness.
Industry
Korea reclassifies battery recycling as critical mineral manufacturing
South Korea has redefined battery recycling from waste treatment to critical mineral manufacturing, creating a special industry classification and easing industrial park entry rules. The Ministry of Trade, Industry and Energy aims to lift strategic mineral recycling to 20 percent by 2030 and will prioritise classified firms for a new 2026 support programme. Companies including POSCO, EcoPro and SK On are expanding closed-loop models that link material production and recycling, with the market forecast to reach 100 trillion won by 2030.