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His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":564,"content":565},"doc",[566,573,578,585,590,605,610,615,620],{"type":567,"attrs":568,"content":569},"paragraph",{"textAlign":49},[570],{"text":571,"type":572},"The South Korean government is looking to subsidise domestic anode players to onshore supply of battery materials amidst the US-China trade conflict.","text",{"type":567,"attrs":574,"content":575},{"textAlign":49},[576],{"text":577,"type":572},"The country’s Ministry of Trade, Industry and Energy announced the ‘Supply Chain Stabilisation Support Program’ initiative on 15 January 2025. According to an official from the Ministry, this will probably take the form of subsidies based on production scale.",{"type":579,"attrs":580,"content":582},"heading",{"level":581,"textAlign":49},4,[583],{"text":584,"type":572},"Why would South Korea subsidise its domestic anode players?",{"type":567,"attrs":586,"content":587},{"textAlign":49},[588],{"text":589,"type":572},"“South Korea’s move to subsidise domestic anode manufacturers could be attributed to the increasingly polarised geopolitical landscape,” said Tony Alderson, Senior Analyst at Benchmark.",{"type":567,"attrs":591,"content":592},{"textAlign":49},[593,595,603],{"text":594,"type":572},"“With ",{"text":596,"type":572,"marks":597},"China announcing export regulations",[598],{"type":599,"attrs":600},"link",{"href":601,"uuid":49,"anchor":49,"target":49,"linktype":602},"https://source.benchmarkminerals.com/article/china-tightens-graphite-export-controls-to-the-us?_branch_match_id=1544411771261441572&utm_source=facebook&utm_medium=share&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0rNS87ITSzKzs3MSy1KzCnWSywo0MvJzMvW9%2FFOCSjxq0hOCUiyrytKTUstKsrMS49PKsovL04tsnXOKMrPTQUAQ8S84kgAAAA%3D","url",{"text":604,"type":572}," and Trump emphasising localised supply chains for the anode and broader battery industry, South Korea’s government may see investment in its domestic supply chain as critical to reducing reliance on foreign nations that could impose tariffs or other trade barriers on battery materials,” added Alderson. ",{"type":567,"attrs":606,"content":607},{"textAlign":49},[608],{"text":609,"type":572},"Given South Korea’s significant role as an exporter in the battery materials space, such measures aim to safeguard its competitive edge amidst potential disruptions.",{"type":579,"attrs":611,"content":612},{"level":581,"textAlign":49},[613],{"text":614,"type":572},"Why did South Korean anode players struggle in 2024?",{"type":567,"attrs":616,"content":617},{"textAlign":49},[618],{"text":619,"type":572},"“In 2024, South Korean anode players faced challenges from weaker-than-anticipated downstream demand, rising industrial electricity costs, and declining material prices driven by competition with China,” said Alderson.",{"type":567,"attrs":621,"content":622},{"textAlign":49},[623],{"text":624,"type":572},"Private companies like POSCO have begun vertically integrating their operations to reduce reliance on Chinese imports, particularly uncoated spherical purified graphite (USPG), which is essential for natural graphite anode production. This trend of reducing dependency on China is expected to accelerate as other regional players follow suit.","The South Korean government is looking to subsidise domestic anode players to onshore supply of battery materials amidst the US-China trade conflict. The country’s Ministry of Trade, Industry and Energy announced the ‘Supply Chain Stabilisation Support Program’ initiative on 15 January 2025. According to an official from the Ministry, this will probably take the form […]",[627],{"slug":555,"name":556,"content":628},{"job_title":558,"image":629,"bio":561,"linkedin":562},{"filename":560},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"54b0339e-a062-482c-b0cc-8de4cf70e28f\", \"id\": \"\"}-->","article",[633,635],{"slug":634,"name":261},"anode",{"slug":636,"name":637},"batteries","Batteries","private",{"id":49,"alt":640,"name":640,"focus":640,"title":640,"source":640,"filename":641,"copyright":640,"fieldtype":642,"meta_data":643,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/8aeccabeb4/bm-poscochemical39sanodematerialsejongplant.jpg","asset",{"alt":640,"title":640,"source":640,"copyright":640},"Jan 23, 2025","23rd January 2025",[],[],1781280256392]