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Lotte Energy Shares Climb on News of Copper-Foil Output Increase Plan

Por: MarketWatch Business July 05, 2023

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The benchmark Kospi was last down 0.3%. Lotte Energy Materials Chief Executive Kim Yeon-seop told a news conference Tuesday in Seoul that the company plans to ramp up annual copper-foil production to 240,000 tons by 2028, four times the current output capacity of 60,000 tons a year, South Korean state news agency Yonhap reported. Copper foil is a key material used to wrap the anode of lithium-ion batteries for electric vehicles. Kim said his... + full article



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