[Special Stock] NPC Surges on News of New Secondary Battery Waste Battery Business Development

[Asia Economy Reporter Ji Yeon-jin] On the 21st, related stocks closed higher across the board following news that the government is preparing related legislation aimed at fostering new businesses utilizing waste batteries from secondary batteries for electric vehicles.

NPC closed at 11,900 won, up 25.13% (2,390 won) from the previous day on the KOSPI market. Cosmo Chemical, classified as a waste battery-related stock, rose 14.12%, Easytronics 11.63%, Cosmo Chemical 11.94%, and Younghwa Tech 7.61%.

On the same day, the Ministry of Trade, Industry and Energy reportedly recently commissioned a research project to revitalize the post-use battery business. The government is expected to accelerate measures to promote the reuse and recycling services of used batteries as well as the activation of 'mobile charging services' based on the results of the research project.

Waste batteries are a promising market expected to reach a market size of 68 trillion won by 2040. The buying momentum appears to be driven by expectations that the electric vehicle waste battery market will expand rapidly due to the preparation of legislation.

According to 'Battery Circular Economy, the Rise of the Electric Vehicle Waste Battery Market and Corporate Response Strategies' published by Samjong KPMG, the global electric vehicle waste battery recycling market is expected to grow at an average annual rate of 33% from 2025, exceeding 57.3 billion dollars (approximately 68 trillion won) by 2040. It also forecasted that the battery circular economy will gain attention due to the expansion of waste battery volume following the growth of the electric vehicle market, rising raw material prices, and ESG management trends.

This content was produced with the assistance of AI translation services.