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Johnson Matthey plans to exit the battery materials business

 Last Update: 2021-12-03
 Source: Internet
 Author: User

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British specialty chemicals company Johnson Matthey (Johnson Matthey) revealed on November 11 that it plans to withdraw from its battery materials business

Johnson Matthey stated that the potential return from the battery materials business is not enough to justify further investment

According to Johnson Matthey's analysis, its own capital intensity is too high compared with other more mature large-scale low-cost manufacturers

Johnson Matthey has been committed to the commercialization of a series of high nickel cathode materials for several years, mainly for the automotive industry

Johnson Matthey will focus on other growth areas such as hydrogen technology, circular economy and decarbonization of the chemical supply chain

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