# Global battery industry and material developments > Live situation record from CLSTR: https://clstr.news/situations/global-battery-industry-and-material-developments > Updated: 2026-09-12T14:55:41.000Z. Sources: 5. Developments: 2. Developments in the global battery materials and technology sector include significant corporate growth, resource extraction approvals, and strategic investments. In South Korea, L&F was recognized by the Ministry of Trade, Industry and Energy as a ‘World Class Performance Excellence Company’ following substantial increases in revenue, exports, and employment. The company is currently diversifying its portfolio by expanding from high-nickel cathode materials into the Lithium Iron Phosphate (LFP) market, with mass production of LFP cathode materials expected to begin in the third quarter of 2026. In the United States, the American Battery Technology Company received approval for the Tonopah Flats Lithium Project in Nevada, a move intended to bolster domestic supply chains for electric vehicles and energy storage. Meanwhile, in Japan, Kyushu Electric Power is transitioning its collaboration with Taiwan’s ProLogium into a strategic capital investment to explore the commercialization of solid-state battery technologies and potential manufacturing capabilities in Japan. ## Timeline ### 2026-09-12: Battery industry developments: US lithium project approved and Kyushu Electric invests in ProLogium ABTC secured approval for its Nevada lithium project to boost US domestic supply, while Kyushu Electric Power announced a strategic investment in Taiwan’s ProLogium to advance solid-state battery technology. 2 sources. https://clstr.news/cluster/battery-industry-developments-us-lithium-project-approved-and-kyushu-electric-invests-in-prologium ### 2026-09-02: L&F receives ministerial commendation for excellence in battery material growth Battery material specialist L&F received a ministerial commendation for its rapid growth, including a 777% revenue increase since 2014, and is expanding into LFP cathode material production. 3 sources. https://clstr.news/cluster/lf-receives-ministerial-commendation-for-excellence-in-battery-material-growth --- Cite as: Global battery industry and material developments. CLSTR, https://clstr.news/situations/global-battery-industry-and-material-developments