What does Showa Denko’s purchase of Hitachi Chemicals mean for the battery anode market?

It was announced at the end of 2019 that Showa Denko, one of Japan’s largest chemical companies, would be purchasing Hitachi’s anode-producing chemical unit in what would be the company’s largest ever acquisition. The deal is still subject to completion and is expected to be finalised in March 2020 at the earliest.

Hitachi Chemicals is the leading Japanese producer of anode materials, producing an estimated 33,200 tonnes of anode material in 2019—representing approximately 50% of Japanese anode production according to the Benchmark Minerals Anode Market Assessment.

Between 2013 and 2019 the company . . .

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