LG Chem to build a $419 million cathode material plant in South Korea by 2025

South Korea’s LG Chem plans to invest about 500 billion won ($418.52 million) by 2025 to build a cathode material production plant for batteries.

The plant will be situated at Gumi, South Korea.

LG Chem sees the plant securing cathode material production capacity of 60,000 tonnes per year.

The plant is expected to be one of the largest cathode material plants in the world when completed.