According to CoinMeta, during its third-quarter earnings briefing in 2026, Shangtai Technology stated that the company has made industrial breakthroughs in a variety of diversified artificial graphite anode materials. Among these, the "coal-based" artificial graphite anode materials have reached pilot production capacity and are equipped with a complete production process. The shift in raw material sources from "oil-based" to "coal-based" materials, which are more abundant and have lower costs, helps to broaden the supply channels for raw materials, alleviate the cost pressures caused by fluctuations in oil prices, and enhance the resilience of the supply chain as well as cost competitiveness.