DK-Lok is showing strong performance. This is interpreted as being influenced by news that the American "oil giant" ExxonMobil is pushing forward with the construction of the world's largest lithium processing plant.
As of 9:43 AM on the 25th, DK-Lok is trading at 11,750 KRW, up 4.17% compared to the previous day.
According to foreign media, ExxonMobil plans to build the world's largest lithium processing plant near Magnolia in the southern region of Arkansas, USA. It is known that this facility will be capable of processing 75,000 to 100,000 tons of lithium annually. This corresponds to about 15% of the world's processed lithium.
In May, ExxonMobil reportedly purchased a 120,000-acre (approximately 485.6 km²) lithium deposit in southern Arkansas from Galvanic Energy for lithium mining. ExxonMobil plans to start lithium mining there within the next few months and expand the mining scale if profitability is proven. It is estimated that 4 million tons of lithium carbonate are stored at this site, which is enough to power about 50 million electric vehicles.
Meanwhile, DK-Lok precisely processes fittings and valves for instrumentation and supplies them to domestic and international markets. The company supplies products under its own brand, DK-Lok, to over 300 clients including ExxonMobil, Gazprom, and Hyundai Heavy Industries, with 78% of total sales coming from exports.
The main product, fittings, are devices that connect pipes horizontally, vertically, and in other orientations. These products allow easy piping without tools or equipment, facilitating smooth fluid transfer. They have almost no limitations regarding the type, temperature, or pressure of the fluid, making them applicable across all industrial sectors.
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