Johnson Matthey, FMG to build Finland EV materials plant

Johnson Matthey (JMAT.L) and state investor Finnish Minerals Group (FMG) have agreed to build a plant to produce cathode materials used in electric vehicle (EV) batteries. The plant will have a capacity of 30,000 tonnes of cathode materials and be powered by renewable energy, Johnson Matthey said in a statement, adding that construction is expected to start this year.