At its earnings conference call for the fourth quarter of last year held on the 5th, Ecopro stated, "The prices of nickel, lithium, and cobalt, which are key raw materials in the value chain for secondary-battery cathode materials, have risen sharply compared to the end of the third quarter of last year. In addition, we have been continuously investing in the nickel smelter projects in Indonesia, and all four smelter projects that have already received investment are scheduled to begin full-scale mass production in 2026. The nickel smelter investments are linked to the precursor business and value chain of Ecopro Materials, and in particular, Green Eco Nickel is expected to be reflected in the consolidated results of Ecopro Materials starting in 2026. Under these circumstances, the rise in nickel prices is expected to make a significant contribution to improving our profitability." It added, "Lithium prices have also risen sharply recently, and if the recent trend in lithium prices continues, Ecopro Innovation, which had recorded losses until last year due to low lithium prices, is expected to turn to profit in 2026."
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