[Concall] LG Chem "Targeting 40% Growth Based on Cathode Material Volume"

"Sales Growth Limited Due to Price Decline"

LG Chem has set its cathode material shipment target for this year to grow by 40% compared to last year, but it expects revenue growth to be limited due to a decline in cathode material prices.

During a conference call held on the 31st, LG Chem stated, "We have established an annual target of 40% growth, exceeding the market growth rate in terms of volume through entry into new projects. However, revenue growth is expected to be limited due to the decline in metal prices."

They added, "Last year, the Advanced Materials Division experienced a decline in profitability due to negative profit and loss impacts from inventory as lithium nickel prices continuously fell."