[Featured Stock] Easytronics, Battery Reuse ESG Value Up... Reuse-Recycling-Material Extraction 'Circular Economy'

[Asia Economy Reporter Hyungsoo Park] Easytronics is showing strong performance. Expectations that the battery recycling and reuse industry will grow rapidly seem to be influencing the stock price. As recycling-related stocks such as Saevitchem and Sungil Hightech have shown continuous strength, Easytronics is also attracting attention.

As of 10:59 AM on the 30th, Easytronics is trading at 16,700 KRW, up 5.36% from the previous day.

Yoon Hyukjin, a researcher at SK Securities, explained, "The greenhouse gases generated from battery production last year exceeded 38 million tons annually," adding, "In the case of NCM batteries, it is estimated that the production of cathode materials accounts for a high proportion of greenhouse gas emissions."

He continued, "There are significant greenhouse gas emissions in the production and smelting of metals such as Ni and Co," and added, "For LFP batteries, the proportion of emissions occurring during the cell process is higher compared to NCM."

Furthermore, he stated, "This is expected because additional technologies such as CTP, which increase battery density, are applied," and added, "A circular economy will be established through battery reuse and recycling."

He also noted, "Battery value chain companies are continuously investing in recycling businesses in response to global demands for reducing greenhouse gas emissions," and analyzed, "The greenhouse gas emissions generated from manufacturing batteries by recycling NCM batteries are estimated to be 54.5 kg/kWh, which is a 28% reduction compared to initial production."

He emphasized, "LFP batteries have about a 12% reduction rate in greenhouse gas emissions," explaining, "This is because recycling lithium and metal extraction is relatively more difficult than NCM, resulting in a lower recycling rate."

Researcher Yoon said, "If a circular economy is established that leads to battery reuse, recycling, material extraction, and production, the amount of greenhouse gas reduction will expand," and added, "Related regulations and battery collection networks will expand according to global policies."

Easytronics is currently promoting a pilot project for used battery ESS utilizing used battery balance adjustment technology in collaboration with domestic automakers. The company aims to mass-produce and sell ESS using used batteries after 2024.