Johnson Matthey looking to sell battery materials division

Johnson Matthey (JM) is pursuing the sale of all or parts of its battery materials division following a detailed review.

This reflects the high capital intensity of those operations in the face of competition from more established large-scale, low-cost producers, the UK-based specialty chemical and sustainable technologies company said in a press release on Thursday November 11.
Growth in demand for battery production has flooded into the industry and, with it, competition from global cathode manufacturers, battery manufacturers and automotive companies, it added.

“Whilst demand for battery materials is accelerating, so is competition from alternative technologies and other manufacturers,” JM said. “Consequently, this...

Published

Callum Perry

November 11, 2021

12:40 GMT

London