[Market Focus] EV Advanced Materials Rises on Lithium Price Rebound

EV Advanced Materials is showing strong performance. This is believed to be influenced by news of a sharp rise in lithium prices.

As of 1:57 p.m. on July 18, shares of EV Advanced Materials were trading at 2,150 won, up 23.35% from the previous day.

According to industry sources, the spot price of lithium in China recently hit its highest level in three months. The previous day, the price of lithium carbonate on the Guangzhou Futures Exchange rose by more than 4%, reaching 69,980 yuan per ton (approximately 1,356,000 won). This is the highest price since April 21.

Additionally, it is believed that news of some mines in China halting production to control excess lithium output also had an impact.

Meanwhile, EV Advanced Materials previously invested in ProLogium, a Taiwanese solid-state battery company. ProLogium recently announced the development of high-output, high-stability electrification batteries for construction equipment based on its solid-state battery technology. It is also reported that the company is quietly pursuing collaborations with global heavy equipment manufacturers to this end.