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Johnson Matthey's move to lay out lithium battery materials is just the right time.

First, in Poland, LG Chem is expanding its production, and its demand for power lithium battery materials is considerable.

Secondly, Europe is vigorously developing the power lithium battery industry. Northvolt, known as the "CATL" in Europe, plans to realize large-scale production of its lithium ion battery super plant in 2021. Britishvolt in the UK plans to supply batteries for electric vehicles and energy storage by 2023. In addition, companies such as Freyr from Norway and Verkor from France will produce lithium-ion batteries on a large scale.

Third, Asian battery companies, including Samsung SDI, LG Chem, SKI, CATL, Funeng Technology, Jess Tangqian, etc., also announced that they would set up large battery plants in Europe to supply power lithium batteries to European customers. The production time is basically around 2020 – 2023.

This means that Europe will have a strong demand for cathode materials of lithium-ion batteries, which will provide support for Johnson Matthey to set up large material factories in Europe.

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