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Korean battery giant LG Chem to take over Belgian Umicore?
Umicore is a plausible candidate for battery manufacturer LG Chem to secure the future supply of cathode materials, but it is also a crown jewel for the EU’s Battery Alliance, who might hate to see it pass in Asian hands /Torsado de Pointes
According to news agency Bloomberg, insiders report that LG Chem has set its eyes on Antwerp-based materials handler Umicore to quench its thirst for expansion abroad. Umicore is an appealing candidate for the South-Korean battery manufacturer because it needs to secure its materials supply line in the wake of the explosive global growth of EV
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