POSCO signs $733M Ultium graphite deal

In a deal that will further support General Motors' electric vehicle ambitions, POSCO Chemical has entered into a contract to supply Ultium Cells LLC with $733 million (939.9 billion Korean won) of artificial graphite anode material over the next six years.

While natural, or mined, graphite makes up much of the anode material going in the lithium-ion batteries that power EVs, artificially produced...