[Featured Stock] Welcron Hantec Rises on Spotlight as Key Material Extraction Facility for Secondary Batteries

[Asia Economy Reporter Jang Hyowon] Welcron Hantec is showing strong performance as its business of supplying nickel and lithium refining and extraction facilities, key raw materials for secondary battery cathode materials, is gaining attention ahead of Tesla's 'Battery Day'.

As of 9:56 AM on the 21st, Welcron Hantec is trading at 2,495 KRW, up 9.41% compared to the previous day.

American electric vehicle company Tesla announced that it will hold 'Battery Day' locally on the 22nd (local time) to showcase new battery technology. It is analyzed that the new technology will focus on cost reduction of secondary batteries.

Welcron Hantec supplies nickel sulfate crystallization facilities and lithium hydroxide concentration facilities for the production of secondary battery cathode material raw materials to secondary battery companies. Cathode materials are known to account for about half of the cost of secondary batteries.