Saevitchem is showing strong performance. Securities firms' analysis that the company is expanding its production capacity based on high recovery rates of valuable metals through liquid separation technology appears to be influencing the stock price.
As of 3:06 PM on the 18th, Saevitchem is trading at 90,200 KRW, up 14.03% from the previous day.
Choi Boyoung, a researcher at Kyobo Securities, explained, "The precursor composite solution produced by Saevitchem can reduce costs compared to providing it in a solidified state," adding, "From the customer's perspective, it has the advantage of reducing one process."
He continued, "They perform a liquid leaching process on defective cathode active materials obtained from cathode material companies to recover metals in the order of nickel-cobalt-manganese," and added, "Products are made through tuning work tailored to the specifications of the client companies."
Furthermore, "Currently, Plant 1 (acid waste) and Plant 2 (waste battery recycling) are in operation," and "Plant 3 is under construction to meet the demand for Korean Precursor Company next year," he emphasized.
He analyzed, "Saevitchem's main competitive advantage is the high recovery rate of valuable metals based on liquid separation technology," noting, "They have a recovery rate of over 95% using multi-stage leaching technology." He added, "This is the driving force behind their higher profit margin compared to competitors," and stated, "Starting from the second half of next year, they plan to supply precursor composite solutions to Korean Precursor Company, a joint venture between LG Chem and Chemco (a subsidiary of Korea Zinc)."
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