LG Energy Solution has launched a $3.5 billion smelter with capacity to produce 150,000 t of nickel sulfate per year. It will also build a $2.4 billion factory in Batang park to produce 220,000 t of precursor and 42,000 t of cathodes per year, which will provide the main raw material for the company’s planned 200 gigawatt-hours battery cell plant in the industrial town of Karawang in West Java, worth $3.6 billion.
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