KOFU-SHI, JAPAN — (Marketwire) — 09/08/11 — Researched by Industrial Info Resources East Asia (Kofu-shi, Japan) — Due to Japanese production slips during the second quarter this year, South Korea has become the top producer in the global lithium-ion battery market. Although Japan–s industrial manufacturing sector, as well as related metals and minerals and chemical processing plants, are on the mend, price-competitive South Korea is likely to hold the top position unless new, low-cost batteries are produced by Japan. Several firms, including (TYO:6502) (Tokyo) and (NYSE:HIT) (Tokyo), are investing in research and development to help reclaim Japan–s position. Other companies, like JX Nippon Oil and Energy Corporation (TYO:5001), are planning to begin production of battery materials in order to join the lucrative market.
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