South Korean chemical firm LG Chem said on Friday that it had acquired a stake in U.S. mining company Piedmont Lithium Inc. for $75 million in a bid to secure raw materials needed for its manufacturing of electric-vehicle (EV) batteries. The equity investment provides LG Chem with a 6 percent stake in Piedmont, which holds…
South Korea’s LG Chem Acquires Stake in US Lithium Firm
February 17, 2023
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LG Chem Third Quarter Results Miss Estimates, Hit by GM Bolt Recall Cost
October 25, 2021
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SEOUL—South Korea’s LG Chem Ltd posted a 20 percent fall in quarterly profit on Monday, hurt by a one-off expense associated with the recall of General Motors’ Bolt electric vehicles. It reported an operating profit of 727 billion won ($617.55 million) for the July-September period, versus 904 billion won a year earlier and an average…
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