Microsoft AI Spending Surge Sparks Investor Jitters Despite Solid Azure Growth 
CSPC Pharma and AstraZeneca Forge Multibillion-Dollar Partnership to Develop Long-Acting Peptide Drugs 
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 
Philippine Economy Slows in Late 2025, Raising Expectations of Further Rate Cuts 
Advantest Shares Hit Record High on Strong AI-Driven Earnings and Nvidia Demand 
Trump Threatens 50% Tariff on Canadian Aircraft Amid Escalating U.S.-Canada Trade Dispute 
Asia Stocks Pause as Tech Earnings, Fed Signals, and Dollar Weakness Drive Markets 
UK Housing Market Gains Momentum in Early 2026 as Mortgage Rates Fall 
Climate Adaptation at Home: How Irrigreen Makes Conservation Effortless 
Asian Currencies Trade Flat as Dollar Retreats After Fed Decision 
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster 
Woodside Energy Flags Lower 2026 Production Outlook Despite Strong Q4 Revenue Beat 
Pentagon and Anthropic Clash Over AI Safeguards in National Security Use 
Meta Stock Surges After Q4 2025 Earnings Beat and Strong Q1 2026 Revenue Outlook Despite Higher Capex 
Dollar Struggles as Policy Uncertainty Weighs on Markets Despite Official Support 
Starmer’s China Visit Signals New Era in UK–China Economic Relations 
Google Disrupts Major Residential Proxy Network IPIDEA 
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
