JM announced on November 11 that it intended to exit the battery industry
and sell its assets in the space, highlighting an increasingly commoditized market and steep competition to be driving factors for the decision.
JM had been ramping up production of its eLNO cathodes, a nickel rich cathode, prior to its decision to exit the industry.
JM announced that its revenue had increased by 23%, driven primarily by higher precious metals prices.
The company had an operating profit of...