JX Nippon Mining & Metals Corporation, a subsidiary of JX Holdings, has announced that it will invest ¥9.2 billion ($110 million U.S. at the current exchange rate) to substantially increase production of cathode materials used in lithium-ion batteries specifically engineered for the plug-in vehicle industry. Currently, JX Nippon produces 300 metric tons of li-ion cathode materials per year. However, the mining corporation claims that its output will skyrocket to 5,000 tons annually by 2
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