[Concall] SK Inno: "Battery Raw Material Price Increase Risk Not Significant"
[Asia Economy Reporter Hwang Yoon-joo] SK Innovation stated in its Q1 2021 earnings conference call on the 13th that "raw material prices have risen due to the global economic recovery and growth in the electric vehicle market," adding, "in particular, there has been an increase in the prices of lithium, cobalt, and nickel due to the surge in electric vehicle demand."
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They continued, "Prices are stabilizing recently through a large-scale project in Indonesia," and explained, "we are securing a stable supply structure through medium- to long-term contracts with raw material suppliers."
This content was produced with the assistance of AI translation services.
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