[Featured Stock] LG Chem Declines on Concerns Over Limited Q3 Earnings Improvement

LG Chem's stock price is weak. Concerns that the third-quarter earnings improvement will be limited seem to be affecting the stock price.

As of 9:29 a.m. on the 4th, LG Chem is trading at 326,000 won, down 2.10% from the previous day.

Wijeongwon, a researcher at Hyundai Motor Securities, commented on the third-quarter earnings, stating, "Despite the additional decline in metal prices, the recent increase in cathode material prices is positive, but profit improvement will be limited due to a decrease in sales volume." He added, "It will take more time to confirm whether cathode material sales volume can increase amid sluggish electric vehicle sales in Europe."