Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
LG Energy Solution Ltd. and Novonix Limited have joined forces for the electric vehicle (EV) battery material business in the United States. To be more precise, the companies have signed an agreement for artificial graphite anode material, which is a highly durable material that is used in a wide range of applications.
LG Energy Solution and Novonix agreed to a long-term contract where the South Korean battery manufacturing company is set to purchase up to 50,000 tons of artificial graphite anode from the Brisbane, Australia-based battery materials supplier for 10 years. Novonix will process the product in its production plants in the U.S.
As part of the agreement, the companies will also engage in joint research and development (R&D) of artificial graphite anode so they can also gain benefits from the US subsidy program that favors products manufactured in North America. In addition, The Korea Economic Daily reported that LG Energy Solution agreed to invest about $30 million in unsecured convertible notes issued by Novonix, and this was announced on Wednesday, June 7.
“Our partnership with NOVONIX once again demonstrates LG Energy Solution’s determination to establish a solid battery supply chain in the U.S., complementing our local manufacturing network to meet our customers’ needs for lRA-compliant batteries,” LG Energy Solution’s senior vice president of procurement center, Kim Dong Soo, said in a press release. “As we work with NOVONIX in developing a new source of artificial graphite anode material, we will stay committed to strengthening our product competitiveness and operation excellence, delivering the world-best quality products both in scale and with speed.”
Novonix’s chief executive officer, Chris Burns, further stated that they “are excited to formalize our work with LG Energy Solution and establish the path for NOVONIX to become a supplier for LGES of artificial graphite anode material in the United States.” He added that the deal simply “demonstrates our leading position to establish a supply chain for high-performance artificial graphite for the battery industry in North America.”
Photo: Novonix Press Release
