Cathode manufacturers continue to struggle in Q3/24
It was another difficult quarter for many cathode makers with the Korean ones in particular struggling for profitability. Posco Future M reported below-consensus operating profit as its sales underwhelmed, even though they rose 1% q/q. Inventory valuation losses reduced profits by KRW22.3bn, down 96% q/q and pushing the company to a loss for the quarter. LG Chem posted softer margins in its CAM business and management guided to a 30% q/q fall in volumes in Q4/24 and a 10% q/q fall in average selling prices. This due to inventory adjustments at its customers. It lowered its capex guidance for 2024...
Topics
CAM
Cathode
EcoProBM
LG Chem
Loss
Margins
Posco Future M
profit
