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Korea

LG Chem to expand secondary battery material business

South Korea’s LG Chem Ltd. (LG Chem) announced that it has a plan to expand its sales from the secondary battery material business to KRW 30 trillion (JPY 3 trillion) by 2030 from KRW 4.7 trillion (JPY 470 billion) in 2022. To that end, the company will beef up its cathode material production capacity to 470,000 tons....

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