Latest News and Trends

With Chinese battery materials detouring to avoid IRA and CRMA, South Korean suppliers reap rewards

China’s battery material sector has continued to invest in South Korea, apparently as as a loophole to avoid the US’ Inflation Reduction Act (IRA) and the EU’s Critical Raw Minerals Act (CRMA). Due to China’s massive influence on the battery raw material supply chain, this investment will bring job opportunities, thus the South Korean industry is quite positive about this development.