Battery makers ramp up efforts to diversify graphite supply chain
Korean battery makers are speeding up efforts to diversify their supply chains to source key materials, including graphite, as the US pushes back the deadline for the ban on the use of Chinese minerals by two years. Earlier this month, the US Treasury Department announced an extension to its $7,500 tax credit scheme for electric vehicles containing components from Foreign Entities of Concern, which includes China, until the end of 2026. "There have been concerns that if Korean batteries fai
May 12, 2024