[Concall] LG Chem "North America Cathode Material Plant Expansion, Final Negotiations Underway"
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[Asia Economy Reporter Donghoon Jeong] LG Chem announced that it will soon finalize plans to expand its battery cathode material production plant in the North American region and is in final discussions with customers and others.
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On the 31st, LG Chem stated during the Q3 conference call, "We are in final discussions with customers and related organizations regarding the site," adding, "Due to the enactment of the Inflation Reduction Act (IRA), battery demand in the North American region has increased, and localization may become larger than currently planned."
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