Search results for NCM
Industry
L&F posts 118.9 billion won Q1 operating profit, returns to profit
L&F said it posted record quarterly sales and operating profit in the first quarter, returning to profit from a year earlier. The company reported revenue of 735.2 billion won and operating profit of 118.9 billion won, with high-nickel shipments setting a third straight quarterly record. It expects improved performance to continue in the second quarter and plans to expand its LFP business, targeting 60,000 tonnes of capacity by the first half of 2027.
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.
Industry
Samsung SDI, Mercedes-Benz sign multi-year deal for high-nickel batteries
Samsung SDI will supply batteries to Mercedes-Benz electric vehicles for the first time, after signing a multi-year contract to provide next-generation EV batteries. The companies said the supplied batteries will use high-nickel NCM materials and include Samsung SDI’s proprietary safety solution. Mercedes-Benz plans to install the batteries in future small and mid-sized electric SUV and coupe models. The two sides also agreed to expand strategic cooperation in future mobility.
