Isu Specialty Chemical shares are showing strong performance. The news that the company is beginning new facility investments to mass-produce lithium sulfide, a key raw material for all-solid-state batteries, appears to be influencing the stock price.
As of 10:51 a.m. on August 6, Isu Specialty Chemical was trading at 49,800 won, up 7.79% from the previous day.
Noh Wooho, a researcher at Meritz Securities, stated, "Isu Specialty Chemical has entered into partnerships with client companies to develop and supply lithium sulfide (Li2S), a sulfide-based raw material for all-solid-state batteries." He added, "The company is applying its know-how accumulated through advanced research and development in the lithium sulfide field to the mass production stage."
He went on to say, "Isu Specialty Chemical appears to have secured cost and technological competitiveness in high-purity lithium sulfide through its capabilities in hydrogen sulfide manufacturing and processing, as well as its ability to produce and control high-purity lithium sulfide."
He further emphasized, "The company's proactive decision to invest in facilities is a positive factor," and "securing orders from client companies and the resulting momentum for additional expansion are factors that will enhance corporate value."
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