Talga-Mitsubishi Anode Deal Targets HEV Battery Supply by 2026

Talga Group signed a non-binding letter of intent with Mitsubishi Chemical Corporation to explore supply of Talnode anode products for hybrid electric vehicle batteries. The LOI targets September 2026 for a conditional supply terms sheet. A definitive three-year supply agreement would follow by December 2026.

Technical evaluation and product qualification could delay the timeline. The parties can extend the LOI by mutual written agreement if those conditions take longer. Volume ranges and raw-material security requirements remain under discussion. The two companies will coordinate on product specifications, quality, supply-chain due diligence, ESG metrics, and FEOC-free low-CO2 anode targets.

Talga told the ASX the engagement represents a significant commercial opportunity to demonstrate its anode material in the high-growth HEV sector and create new supply chains for Japanese industry. The company's Talnode products come from its fully integrated Swedish mine-to-anode operations, which produce FEOC-free graphite. FEOC, short for Foreign Entity of Concern, restricts supply from certain countries. That makes Talga's European source attractive for Western battery supply chains that want to reduce dependence on Chinese graphite.