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LG Chem to invest $8.7 billion to boost battery business

LG Chem
LG expects the global battery materials market to grow to about $87 billion in 2026 from $34 billion in 2021. (BLOOMBERG/Bloomberg)
B
By:
Bloomberg
July 14, 2021 01:51 PM

LG Chem will spend 10 trillion won ($8.7 billion) through 2025 to accelerate “sustainable growth” in its battery materials operations and other business lines, joining other South Korean industrial giants in a shift toward greener practices.

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