Market Chatter: Posco Completes Silicon Anode Plant in South Korea's Pohang

MT Newswires Live

2024/11/11

South Korean steelmaker Posco (KRX:005490) concluded the construction of its silicon anode plant in Pohang, with a 550-ton annual capacity, which is enough to supply batteries for about 275,000 electric vehicles, Pulse News reported Friday.

The company plans to scale up production to 25,000 tons by 2030 on an annual basis, the report said.

Shares of Posco fell over 2% in recent trade on Monday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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