LG Chem has announced to invest $419 million in a cathode material plant for batteries by the year 2025. South Korea’s LG Chem Ltd (051910 . KS) had recently reported that it has plans to invest around 500 billion won ($418.52 million) to build a cathode material production plant for batteries by the year 2025 in Gumi, South Korea. LG Chem went on to say that the plant will help them secure cathode material production capacity of 60,000 tonnes per year. Once completed, this is expected to be one of the largest cathode material plants in the world.
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