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flag South Korea's battery materials imports to the U.S. surged to 33.7% market share in 2023, up from 8.5% in 2020.

flag South Korea led the U.S. battery materials import market in 2023 with a 33.7% share, up from 8.5% in 2020. flag U.S. imports from South Korea surged 93.1% to $9.7 billion. flag This rise is due to South Korean companies like LG Energy Solution, SK On, and Samsung SDI building large-scale U.S. battery plants. flag However, potential tariffs from the incoming U.S. administration could impact this growth.

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