Battery production at South Korea’s LG Chem unaffected by supply disruptions in Daegu

Production of nickel-cobalt-manganese (NCM) lithium-ion batteries at South Korean battery maker LG Chem is not being affected by supply disruptions at L&F, one of its local cathode materials suppliers, a company source told Fastmarkets.

“L&F is not a major supplier to LG Chem,” the source said. “LG Chem’s own battery cathode operations can make up for the disrupted feedstock supply at L&F.”

Located in Daegu, a city in southeastern South Korea, L&F’s production and deliveries of NCM lithium-ion battery cathode materials have been significantly affected by an enforced lockdown of the city following the rapid spread of novel coronavirus (2019-nCov) there, according to market participants.
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Published

Susan Zou

March 04, 2020

07:22 GMT

Shanghai