Avalon has announced that it has signed a Memorandum of Understanding (MoU) with Metso, to advance the development of Ontario, Canada’s, first lithium processing facility. The agreement will see the two parties develop a lithium hydroxide production facility, Avalon will license Metso’s technology to produce lithium hydroxide cathode materials to serve the EV market. Lotte Chemical plans to invest 3 trillion Korean Won (KRW) ($2.3 billion) to boost production of copper foil for EV batteries. The company has said that it completed the acquisition of electric foil manufacturer Iljin Materials in March for $2 billion and renamed the company Lotte Energy Materials, the company expects demand for copper foil to reach 2.2 million tones by 2030, up from 500,000 tons…