0622 GMT - Lotte Chemical Corp. is the most mentioned company in the news over the past six hours, according to Factiva data, after the company said it is buying a copper foil maker. Lotte Chemical said Wednesday that it agreed to buy 53.3% of Iljin Materials Co. for 2.7 trillion won ($1.89 billion). The acquisition is part of Lotte's plans to expand its battery-material business in tandem with the rise of electric vehicles. Iljin Materials has a market share of 13% of the world's sales of copper foil for EV batteries, according to a report cited by the Korea Herald. Dow Jones & Co. owns Factiva. (jacques.vanwersch@dowjones.com)


(END) Dow Jones Newswires

10-12-22 0237ET