Sonyde is showing strong performance. It is interpreted that buying demand is pouring in following the news of its entry into the secondary battery waste battery recycling business.
As of 10:03 AM on the 27th, Sonyde is trading at 5,950 KRW, up 7.03% compared to the previous day. It also closed the previous trading day with a 7% increase.
On the 24th, Sonyde announced that it acquired Younghan Metal, a lead-acid battery recycling company capable of secondary battery pretreatment facilities, establishing a foothold for entering the secondary battery waste battery recycling business.
Through the acquisition of Younghan Metal, Sonyde stated that it secured essential permits for designated waste comprehensive recycling business, pre- and post-processing business sites, and refining facilities necessary for the waste battery recycling business. It is also known that after this acquisition, Sonyde plans to expand its facilities by additionally securing a large-scale site around the existing business site.
Founded in 2005, Younghan Metal is equipped with refining facilities such as battery cutters, reverberatory furnaces, refining furnaces, casting machines, and dust collectors, enabling the processing of various raw materials. Furthermore, once the technology transfer for lithium-ion battery regeneration is completed, it will be possible to recycle NCM (Nickel, Cobalt, Manganese) series raw materials.
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