France Debt-to-GDP Ratio Seen Hitting Record 119.3% in 2026 
Canada Eyes India Trade Deal by Year-End 
Prysmian, Rio Tinto Supply Low-Carbon Cables for Amazon Ohio Data Center 
Gold Prices Rise as Oil Slump Eases Fed Rate Hike Fears 
Japan, U.S. Discuss $19 Billion GlobalFoundries Chip Plant 
US, Japan and South Korea Back Taiwan Ahead of Trump-Xi Summit 
Mexico Pushes for US Trade Deal Before Midterms 
Vietnam, US Trade Deal Could Be Signed Soon, To Lam Says 
US-China Talks Target AI, Tariffs Ahead of Trump-Xi Summit 
OpenAI Urges US-Led Global Standards for Frontier AI 
Petrobras Joins Brazil Diesel Subsidy Program 
South Korea to Brief Lawmakers on $350 Billion US Investment Package 
SpaceX Nasdaq 100 Weight to More Than Double in Rebalance 
UK Home Asking Prices Rise for First Time Since May 
Hyundai CEO Warns Chinese Automakers Could Disrupt US Market 
S&P 500 Historically Rallies After Midterm Elections, UBS Says 
Trump Bans CNN, MS NOW and Politico From White House 
Add as a preferred source on Google
LG Energy Solution Ltd. and Novonix Limited have joined forces for the electric vehicle (EV) battery material business in the United States. To be more precise, the companies have signed an agreement for artificial graphite anode material, which is a highly durable material that is used in a wide range of applications.
LG Energy Solution and Novonix agreed to a long-term contract where the South Korean battery manufacturing company is set to purchase up to 50,000 tons of artificial graphite anode from the Brisbane, Australia-based battery materials supplier for 10 years. Novonix will process the product in its production plants in the U.S.
As part of the agreement, the companies will also engage in joint research and development (R&D) of artificial graphite anode so they can also gain benefits from the US subsidy program that favors products manufactured in North America. In addition, The Korea Economic Daily reported that LG Energy Solution agreed to invest about $30 million in unsecured convertible notes issued by Novonix, and this was announced on Wednesday, June 7.
“Our partnership with NOVONIX once again demonstrates LG Energy Solution’s determination to establish a solid battery supply chain in the U.S., complementing our local manufacturing network to meet our customers’ needs for lRA-compliant batteries,” LG Energy Solution’s senior vice president of procurement center, Kim Dong Soo, said in a press release. “As we work with NOVONIX in developing a new source of artificial graphite anode material, we will stay committed to strengthening our product competitiveness and operation excellence, delivering the world-best quality products both in scale and with speed.”
Novonix’s chief executive officer, Chris Burns, further stated that they “are excited to formalize our work with LG Energy Solution and establish the path for NOVONIX to become a supplier for LGES of artificial graphite anode material in the United States.” He added that the deal simply “demonstrates our leading position to establish a supply chain for high-performance artificial graphite for the battery industry in North America.”
Photo: Novonix Press Release
