LG Chem's battery growth fails to offset renewed petrochemical losses

T2Covered by 1 source · first reported by JP/KR/TW: Korea Herald / Taipei Times / DigiTimes at 06 Nov, 01:22 UTC

LG Chem's expanding battery business is cushioning the group against another petrochemical downturn, but its latest results show that stronger shipments alone are insufficient to restore profitability. The company is pursuing more specialized chemicals and battery materials as pressure returns to…