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LG Chem Studies Acquisition Targets Including Umicore

  • South Korean giant hunts for overseas deals to boost business
  • Booming electric-car demand sparks search for raw materials
An attendee walks past the LG Chem

An attendee walks past the LG Chem

Photographer: SeongJoon Cho/Bloomberg
Updated on

LG Chem Ltd. is scouting for overseas acquisitions to expand its battery materials business, people familiar with the matter said. 

The South Korean chemicals giant has been studying potential targets including Belgium’s Umicore SA, according to the people, who asked not to be identified because the information is private.