LG Chem to invest $75m in Piedmont Lithium.

LG Chem, a diversified chemical company, agreed to invest $75m in Piedmont Lithium, an integrated lithium mining business. “We welcome LG Chem as a shareholder in Piedmont and are excited to partner with them to supply North American lithium that will meet the requirements of the IRA and support the development of the US battery supply chain. LG Chem is a global leader with a commitment to US EV battery manufacturing and plans to build one of the world’s largest cathode plants in Clarksville, Tennessee. We look forward to working with LG Chem as NAL comes online as an important source of lithium in North America,” Keith Phillips, Piedmont President and CEO.