A company building a $202 million graphite processing plant in Coosa County has announced a deal to supply the material for an electric vehicle battery maker.
Westwater Resources has announced a joint development agreement with SK On, a South Korean electric vehicle battery manufacturer for Ford, Hyundai, Volkswagen and others.
“The with SK On is another major advancement in Westwater’s graphite business, and we are extremely excited to partner with a leading global battery manufacturer,” Westwater Executive Chairman Terence Cryan said. “Following the passage of the Inflation Reduction Act, many battery manufacturers have sought to secure North American anode material from our Kellyton plant.”
Westwater Resources said last year that batteries found in an average electric vehicle need about 175 to 200 pounds of graphite. There are currently no producers of natural-grade graphite in the U.S. for these products.
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