The LG logo is seen on a building roof in Minsk, Belarus, in this file photo. South Korea’s LG Chem Ltd. said yesterday it had agreed to build two joint ventures with Shanghai-listed Zhejiang Huayou Cobalt Co. to lock in supplies of cobalt for lithium-ion batteries. Under the deal, LG Chem will raise a total of 239.4 billion won (US$224.8 million) by 2020 to set up precursor and cathode joint ventures in China. SD-Agencies |