The United States International Trade Commission’s (ITC) decision to place a 10-year import ban on SK Innovation (SKI) could throttle the USA’s battery industry, with SKI’s first Georgia plant set to provide almost half of the country’s free market capacity by the end of 2021.
While there are exemptions to protect SKI’s existing US customers, the decision limits the supply of lithium ion cells open to the US market in the near term, but also threatens the buildout of the country’s supply chain through the 2020s.
The ITC will allow SKI to continue . . .