Because LGE are not miners they are manufacturers. You rarely have manufacturers being 100% vertically integrated owners of resource producers.
Also no issues with FIRB if not going for full ownership, debt does not sit on their consolidated balance sheet if a subsidiary and I would think possibly less likely to attract/maximise Government support/concessions if not majority or significantly Australian owned.
Battery Giant LG Chem Prepares to Lock In Mineral Supplies (yahoo.com), page-1083
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