Nonbinding? “I might buy some from you, if you produce any....

Nonbinding? “I might buy some from you, if you produce any. After all, your stuff is much more concentrated than that Canadian brine.”

In 2019, South Korean electric vehicle battery manufacturer LG Chem sued SK Innovation [parent of SK On] with the U.S. International Trade Commission (ITC) for misappropriation of trade secrets by hiring former employees. LG Chem requested the import ban to the U.S. for SK Innovation's lithium-ion batteries and infrastructure technology from the ITC. The ITC sided with LG Chem and issued a limited 10-year exclusion order prohibiting imports into the United States of some lithium-ion batteries by SK Innovation. In the end, SK Innovation agreed to pay LG Chem $1.8 billion in cash and royalties to avert the import ban.