The struggle: material availability and consumer needs. As the struggle on critical raw materials continues to be a problem in vehicle electrification, we are going to need to mine a huge number of metals like cobalt and lithium to electrify the world’s vehicle fleet. This is where smaller batteries become important. – Currently, manufacturers of the next generation’s electric vehicles are competing on range. This means putting big and powerful batteries into future cars so they can travel farther between charges, says Otto Kivi, Senior Business Development Specialist in battery materials at Stora Enso. The solution: Lignode® by Stora Enso – an alternative to graphite. EV batteries are based on lithium-ion constructions made up of lithium, nickel, cobalt, copper, and graphite. The last-mentioned is used for the negative end of a lithium-ion battery known as the anode. While graphite deposits are not scarce, the supply of battery-grade graphite used in EV batteries is much tighter. In addition, graphite is a strictly layered material which can be slow to charge. However, Stora Enso has come up with a solution where graphite is replaced with hard carbon. Lignode® by Stora Enso has an amorphous, highly open structure enabling faster charging/discharging and higher cycling stability. This lignin-based hard carbon can replace natural or synthetic graphite either in parts or completely.

Interfor Corporation recorded Net earnings in Q1’22 of $397.0 million, or $6.69 per share, compared to $69.7 million, or $1.15 per share in Q4’21 and $264.5 million, or $4.01 per share in Q1’21. Notable items in the quarter: • Acquisition of EACOM Timber Corporation o On February 22, 2022, the Company completed the transaction to acquire 100% of the equity interests of EACOM Timber Corporation (“EACOM”) from an affiliate of Kelso & Company. The acquisition includes seven sawmills with a combined lumber production capacity of 985 million board feet, an I-Joist plant with annual production capacity of 70 million linear feet, and a value-added remanufacturing plant with annual production capacity of 60 million board feet (the “Acquired Eastern Canada Operations”). The Company paid total consideration of $731.2 million which was funded from cash on hand and drawings on the Revolving Term Line. o The Acquired Eastern Canada Operations contributed $5.1 million of Adjusted EBITDA to Interfor’s first quarter results, which is net of $68.0 million recorded in production costs related to fair value adjustments recognized at the acquisition date.

Due to an unexpected further sharp rise in raw material prices, Sappi Europe is forced to continue passing on this cost inflation by increasing its WFU and WFC Sheets and Reels grade prices from October 2017 onwards by 5-8%. Despite strong order books and good operating rates, margins continue to be depressed by this severe input cost inflation. Sappi’s sales representatives will be in touch with their customers to agree on the specifics over the next weeks.