Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

South Korea’s LG Chem plans to invest KRW40bn in China’s Jiujiang DeFu Technology (Defu), to expand its capacity and products portfolio.


The company will also sign a memorandum of understanding (MoU) for a long-term co-operative partnership, it noted on Monday. LG Chem expects the demand for copper foil to increase following the explosive growth in battery-making. It also wants to leverage DeFu’s proprietary manufacturing technology.


DeFu manufactures ultra-thin copper laminates for secondary batteries and printed circuit boards. It has a total annual capacity of 45,452mt across two plants in China’s Jiangxi and Gansu Provinces. It plans to expand its capacity to 70,760mt per year. 



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