Nextsource Materials Inc (NSRCF)

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NextSource Materials Plans Strategic Collaboration With Posco International
7:41 am ET September 5, 2023 (Dow Jones) Print

By Robb M. Stewart


NextSource Materials is moving toward a supply deal with Posco International and could see it receive an investment from the South Korean trading company.

NextSource said Tuesday it signed a nonbinding memorandum of understanding with Posco for a strategic collaboration that could involve an equity investment, as well as a long-term offtake agreement for spheronized and purified graphite and the company's other graphite products.

Certain technical and economic studies will need to be completed before a definitive agreement, NextSource said.

The memorandum proposed a definitive deal for 30,000 metric tons a year of NextSource's SuperFlakegraphite concentrate and 10,000 to 15,000 tons annually of spheronized and purified graphite over a 10-year period, which would be supplied to Posco's subsidiary responsible for electric vehicle battery businesses and supplies all of South Korea's major battery cell manufacturers with finished cathode and anode materials.


Write to Robb M. Stewart at [e-mail]

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