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10 May
16:51

LG Chem may acquire Umicore

There is speculation in the market that the South Korean battery giant LG Chem is planning to acquire Antwerp-based material technology and recycling company Umicore to further secure its material supply, Kallanish learns.  According to Bloomberg, the acquisition is in its early stage and an official approach hasn't been made. Currently, LG Chem is executing a KRW 10 trillion ($7.9 billion) investment plan to expand battery material production lines…
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