LG Chem plans to establish Kemco JV.
Auto Business News-June 7, 2022--LG Chem plans to establish Kemco JV
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Auto Business News - 07 June 2022
South Korea-based LG Chem is planning to set up a new joint venture with Kemco, a subsidiary of Korea Zinc Company.
The joint venture is dedicated to recycling precursor materials to help secure a stable supply of components for electric vehicle (EV) batteries.
Both firms are planning to spend more than KRW200bn on a facility with annual production capacity of 20,000 tons of recycled precursors materials for EV battery cathodes and anodes. The plant is to concentrate on processing nickel sulphate for next generation NCMA (nickel...
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