[Featured Stock] IM Rises on Expectations for New Composite Copper Foil Business

IM is showing strong performance. It is interpreted that expectations for the new business, the composite copper foil film business, have influenced the stock price.

As of 1:17 PM on the 19th, IM is trading at 5,400 KRW, up 6.72% from the previous day.

Composite copper foil film is a product that serves as copper foil, an essential material for secondary batteries, and is used as the anode current collector within the battery. Composite copper foil film for secondary battery anode materials uses about 40% of the copper compared to traditional electrolytic copper foil, and it is attracting attention as a new material that fundamentally blocks thermal runaway issues, potentially replacing traditional electrolytic copper foil.

IM aims to be the first in the world to launch mass-produced composite copper foil products and has reportedly introduced sputtering and horizontal plating equipment at its factory located in Hwaseong, Gyeonggi-do, where it is producing and verifying prototypes.

According to the company, the product is scheduled to be introduced to the market next year, and meetings are currently underway with domestic battery companies and defense industry firms.