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Cathode makers struggle in Q4

Posted on - 09 Feb 2023

Category - News & Views

It was a difficult quarter for the Korean cathode makers in Q4/22 with most disappointing market expectations. L&F (KRX:066970) reported weak volumes although it managed to keep prices flat q/q. It only managed a 4.3% operating margin and guided to that level again in early 2023. Posco Chemical (KRX:003670) also struggled with volumes, but it lost ground on prices too with cathode ASPs down 10-15%. It guided to further downside risks in its cathode business for early-2023 but it later announced news of a blockbuster offtake deal with Samsung SDI (KRX:006400) which erased some of the market’s concerns. LG Chem’s...

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CAM Cathode EcoProBM L&F LG Chem Margins Posco Chemical Profitability