Battery Giant LG Chem Prepares to Lock In Mineral Supplies
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LG Chem Ltd. is prioritizing efforts to secure raw materials used in electric-vehicle batteries and establishing a self-sufficient global supply chain, including via potential partnerships and investments in mining companies.
“We are preparing ourselves first of all to secure supply of raw material, which is more important than the price,” LG Chem Chief Executive Officer Shin Hak-cheol said in an interview with Bloomberg Television in Seoul. “Our first and foremost priority is to secure enough raw material for the future.”