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LG Chem is a South Korean chemical conglomerate and one of the world's largest producers of cathode active materials (CAM) for lithium-ion batteries.
Group exposure score is 72 including 1 tracked subsidiary — standalone is 68.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 1 supplier. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
LG Corp's own release: LG Chem established a JV (51% LG Chem) with Huayou Cobalt subsidiary B&M to produce NCMA cathode material at Gumi, South Korea (mass production from H2 2024, 60,000t/yr); a separate LG Chem-Huayou JV for precursor material is planned at Gunsan (phase 1 capacity 50,000t/yr, targeted 2026). Huayou Cobalt is an independent Chinese company, not under common control with LG Chem -- not a related party.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
7 other tracked dossiers name this company as a counterparty in its own sourced disclosure — this platform never wrote these rows on this company's own page, they are read here inverted from the dossier that disclosed them. This is a partial view: 1004 additional named-counterparty rows across the corpus could not be matched to a tracked dossier by name at all (mostly non-Latin legal names), so the true count is higher than what renders here.
Yicai, citing Chengxin's website: overseas lithium salt clients include LG Chem, SK On and Posco Chemical.
Source names LG Chem NMC cells for EX40/EC40 depending on market (no market split given; prior note's 'rest-of-world' split removed as unsupported). Long-term supply deal with Volvo Car Group announced 2019 (Volvo Cars press release of May 2019, https://www.volvocars.com/intl/media/press-releases/56DCB4983D311FE3/, which also names the Ghent battery assembly line). Does not mention Ghent; link inferred. Confidence: secondary.
Tianqi Lithium AR2025, major sales contracts table: lithium hydroxide products, counterparty LG Chem, Ltd, RMB 20.99mn (2,098.52万元) performed in FY2025, RMB 297.16mn cumulative, receivables normal. Contracting seller is 成都天齐锂业有限公司 (Chengdu Tianqi, CN subsidiary), signed 2022-06-27 (announcement 2022-035), whereas the Northvolt contract is signed by Tianqi Lithium Kwinana. Neither the AR nor the 2022 announcement (Sina 2022-06-27) names the producing plant (Tianqi has hydroxide output in Sichuan/Chongqing CN and Kwinana AU) or the LG Chem delivery site, so the route is unstated.
Dual relationship: LG Chem buys separator film (this row, accounts-receivable table) AND separately licensed Senior its ceramic-coating patents under a technology-license agreement disclosed in the same prospectus — role 'both' reflects customer + IP-supplier, not two trade flows. Name spacing normalized from the filing's inconsistent 'LG Chem,Ltd'/'LG Chem, Ltd' across vintages; same entity.
Scope. This section is inverted evidence: each linked dossier wrote the original row about itself, describing its own relationship to this company. It is never a claim this company itself disclosed. Absence here is not evidence of no relationship — most of the corpus has no named-counterparty block at all yet.
Every exposure is read as a buyer dependency; the top 3 are its binding chokepoints.
As a buyer, policy pressure across its consumed materials is flat.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
🇰🇷 KR accounts for 100% of severity-weighted pressure.