[Concall] LG Chem "Q4 Cathode Material Profitability to Be Worse Than Q3"

LG Chem Europe CS Center in Frankfurt, Germany.
[Photo by LG Chem]

On the 28th, LG Chem stated during its Q3 earnings conference call, "The shipment volume of advanced materials in Q4 is expected to decrease by about 30% compared to Q3, as some of the originally planned volume was moved up to Q3 and due to year-end inventory adjustments by downstream companies. Additionally, profitability is expected to decline by approximately 10% due to the drop in lithium and nickel prices."

They added, "In 2025, the shipment volume of cathode materials is expected to increase by 25% compared to this year, supported by growth in North American demand. However, with a significant decline in metal prices, the selling price of cathode materials is expected to fall by 40%."