Johnson Matthey Plc (LSE:JMAT) provided an update on January 12, 2022 its intention to exit Battery Materials. On 11th November 2021, Johnson Matthey announced its intention to pursue the sale of all or parts of our Battery Materials business with the ultimate intention of exiting. Further to that announcement, Johnson Matthey has held discussions with a number of parties about a sale of the entire business.

These discussions have not resulted in an agreement to sell the entire business as a going concern. Consequently, Johnson Matthey is commencing consultation with the employees about the proposed closure of the Battery Materials business, and Johnson Matthey is pursuing the sale of its individual assets.