South Korea's LS Group Joins Lithium-Ion Battery Sector

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Researched by Industrial Info Resources (Sugar Land, Texas)--LS Group (Anyang, South Korea) will join the lithium-ion battery sector as a cathode precursor manufacturer. In June, LS Group created a joint venture, LSLNF Company, with L&F Company (South Korea), which is one of the three biggest cathode material manufacturers for lithium-ion batteries in South Korea. LS Group will supply nickel sulfate produced by a subsidiary to the joint venture. LSLNF Company is going to construct a factory with 12,000 tons per year of production capacity, aiming for completion in 2026. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for more details.

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