Johnson Matthey (JM) is pursuing the sale of all or parts of its battery materials division following a detailed review.
This reflects the high capital intensity of those operations in the face of competition from more established large-scale, low-cost producers, the UK-based specialty chemical and sustainable technologies company said in a press release on Thursday November 11."Whilst demand for battery materials is accelerating, so is competition from alternative technologies and other manufacturers," JM said. "Consequently, this...