POSCO Future M develops technology to make electrode rods

The manufacturing technology is expected to reduce South Korea's reliance on electrode rod imports

Electrode rods manufactured by POSCO Future M (Courtesy of POSCO Future M)
Electrode rods manufactured by POSCO Future M (Courtesy of POSCO Future M)
Yeonhee Kim 1
2024-12-12 14:41:25 yhkim@hankyung.com
Steel

POSCO Future M Co., a battery material and steel manufacturing equipment supplier, said on Thursday it has developed electrode rod manufacturing technology, the first South Korean company to do so, amid major economies' stricter export controls on key industrial materials.

It has succeeded in producing ultra-high-power electrode rods, key components in the steel manufacturing process, with a diameter of 300 millimeters.

Electrode rods are used to melt steel scrap in electric furnaces or to remove impurities from molten iron in the refining process.

The rods convert electricity into thermal energy. The larger the diameter of the electrode rod and the higher the electrode density, the greater the increase in electric power, thereby improving production efficiency.

South Korea’s steelmakers import all of their electrode rod needs from China, Japan and India for a total of 30,000 tons annually. POSCO Future M's development of the technology is expected to contribute to strengthening the country's steel supply chain.

In line with the push for environmental, social and governance management, demand is growing for high-density electrode rods for electric furnaces emitting less carbon than blast furnaces.

The unit of POSCO Group will consider commercializing its electrode rods in cooperation with its steelmaking affiliate that completed building electric furnaces at its Gwangyang steel plant in South Jeolla Province early this year.

Write to Yeonhee Kim at yhkim@hankyung.com

Jennifer Nicholson-Breen edited this article.
#POSCOFutureM #steel #electroderod #POSCO

Honda, POSCO Future M to build cell materials plant in Canada

Honda, POSCO Future M to build cell materials plant in Canada

Ontario Premier Doug Ford (from left), Canadian Prime Minister Justin Trudeau and Canadian Finance Minister Chrystia Freeland look on as Honda CEO Toshihiro Mibe speaks at an event announcing an $11 billion investment plan in Alliston, Ontario on April 25, 2024. Honda is set to build a battery mat

POSCO Future M to import natural graphite from Africa

POSCO Future M to import natural graphite from Africa

POSCO Future M's anode materials-producing plant in Sejong City, South Korea (Courtesy of POSCO Future M) South Korea’s only anode materials producer POSCO Future M Co. will import a maximum 60,000 tons of natural graphite products from Balama Graphite Operations in Mozambique operated by

POSCO Future M to sharply raise synthetic graphite output

POSCO Future M to sharply raise synthetic graphite output

POSCO Future M's anode factor South Korea’s POSCO Future M Co. will sharply raise its synthetic graphite production by the end of 2025 as China’s export restrictions on graphite and policy efforts by the US and Europe to reduce their reliance on Chinese minerals are expected to boos

POSCO Future M sees cathode material prices falling 12% in Q4

POSCO Future M sees cathode material prices falling 12% in Q4

South Korean electric vehicle battery materials maker POSCO Future M Co. predicts that cathode material prices in the fourth quarter will drop as much as 12% year on year.  The falling prices of raw materials such as lithium are expected to continue the downturn in cathode material costs.

POSCO Future M aims to raise profit 20-fold by 2030

POSCO Future M aims to raise profit 20-fold by 2030

POSCO Future M President Kim Joon-Hyung unveils the company’s long-term business plan to employees on Aug. 28, 2023 (Courtesy of POSCO Future M) POSCO Future M Co., South Korea’s electric vehicle battery materials maker, aims to raise its profit by about 20 times and sales over tenf

POSCO Future M to produce nickel for cathodes in the Philippines

POSCO Future M to produce nickel for cathodes in the Philippines

POSCO Future M President Kim Joon-hyung (left), MC Group Chairman Michael Chen on Aug. 17 (Courtesy of POSCO Future M) South Korean battery materials maker POSCO Future M Co. is set to produce nickel in the Philippines to boost its cathodes supplies and improve profitability, the company said o

POSCO Future M spurs single-crystal cathode production

POSCO Future M spurs single-crystal cathode production

A robot changes a frame to move cathode, a key EV battery material (Courtesy of POSCO Future M)  GWANGYANG – POSCO Future M Co., the battery materials unit under South Korean steel giant POSCO Holdings Inc., is spurring production of single-crystal cathode, which is touted as a game

POSCO Future M to supply LG Energy Solution $22.6 bn worth of cathodes

POSCO Future M to supply LG Energy Solution $22.6 bn worth of cathodes

POSCO Future M cathode manufacturing facilities in Gwangyang (Courtesy of POSCO Future M) POSCO Future M Co. on Wednesday signed a long-term contract with LG Energy Solution Ltd. (LGES) to supply 30.26 trillion won ($22.6 billion) worth of cathodes to the world’s second-largest electric v

POSCO Future M to inject $461 mn to bulk up cathode production

POSCO Future M to inject $461 mn to bulk up cathode production

Image of POSCO's new cathode material manufacturing facilities to be located near Yeongil Bay, Pohang, North Gyeongsang Province (Courtesy of POSCO)  POSCO Future M Co., a unit of South Korean steel giant POSCO Holdings Inc., said on Monday it has decided to invest 614.8 billion won ($460.

POSCO Chemical changes name to POSCO Future M

POSCO Chemical changes name to POSCO Future M

POSCO Chemical, a chemical subsidiary of the POSCO Group, announced on Friday that it had approved an agenda to change its company name to "POSCO Future M" during a board of directors meeting. The meeting also included the passing of an agenda to decide the dividend record date after determini
(* comment hide *}