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Industry

Battery industry profit recovery comes into view as lithium prices rise

South Korea\'s battery industry is seen entering a broader uptrend from the first quarter as lithium carbonate spot prices more than doubled to the low $20s per kg. Delayed mine restarts in China tightened supply while strong energy storage system installations supported demand. From the second quarter, higher lithium prices are expected to be reflected in cathode material selling prices, enabling provision reversals and improving profitability. Export data show rising cathode volumes and prices.

Crypto

Robert Kiyosaki says 1974 shock now emerges, hold gold, silver and bitcoin

Robert Kiyosaki warned that deepening inflation and instability in pension systems are emerging from structural changes that began in 1974. He cited the shift to the petrodollar system and the move from lifetime pensions to defined-contribution plans such as 401(k) and IRA. He also raised concerns about pressure on social security and Medicare, and urged people to hold gold, silver and bitcoin and improve financial education.

Industry

LG Energy Solution posts Q1 operating loss of 207.8 billion won, swings to deficit

LG Energy Solution said on Monday it posted preliminary first-quarter revenue of 6.56 trillion won and an operating loss of 207.8 billion won. Revenue fell 2.5 percent from a year earlier and operating profit dropped 155.5 percent, turning negative after a year. Performance also worsened from the previous quarter, with revenue down 1.2 percent and operating profit down 70.3 percent. U.S. IRA tax credits totaled 189.8 billion won.