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Industry

China cost and yield race in synthetic graphite draws battery anode material supply away from South Korea

Demand for electric-vehicle battery anode materials outside China is rising, but supply remains concentrated among Chinese companies, the article said. Chinese firms with graphite processing capacity are competing on costs and yields for synthetic graphite and expanding volumes and customers beyond China. South Korean suppliers have not increased their share even in growing non-China markets. The article said cost and yield are likely to become key competitive benchmarks in Europe as EU rules develop, while recognition of Korea-made materials under FTA provisions remains uncertain.

Industry

European car and battery industries put \'made in Europe\' to the test

Europe\'s car industry has again called for an additional delay to electric vehicle battery rules of origin, putting confidence in Europe\'s industrial policy under scrutiny. T&E, Eurometaux and Cefic urged the EU executive to apply the EU-UK Trade and Cooperation Agreement rules as scheduled. The rules link tariff-free access to the British market to use of European-made batteries and cathode materials. Battery and materials groups say capacity will exceed required demand and want purchases, not delays.

Industry

Ecopro BM Q1 operating profit 20.9 billion won up 823 percent on year

Ecopro BM posted first-quarter operating profit of 20.9 billion won, up 823 percent from a year earlier, while revenue fell 3.9 percent to 605.4 billion won, the company said on Tuesday. It cited recovering European EV volumes and expanding demand for energy storage systems. Net profit turned positive at 12.2 billion won. The company is preparing to begin mass production at its cathode plant in Debrecen, Hungary, in the first half.