[Special Stock] Lotte Energy Quadruples Secondary Battery Copper Foil Capacity... 'Global No.1 & 20 Trillion KRW Orders'

Lotte Energy Materials is showing a strong upward trend after a long time. The news that the company has set a goal to reach an order backlog of 20 trillion won by 2025 and achieve a 30% market share in the high-end copper foil market by 2028 appears to be influencing the stock price.

At 9:30 AM on the 5th, Lotte Energy Materials was trading at 53,000 won, up 9.05% from the previous day.

Lotte Energy Materials held a 'Business Vision and Growth Strategy' press briefing the previous day at Lotte Hotel World in Jamsil, Seoul. Kim Yeon-seop, CEO of Lotte Energy Materials, said, "The growth of the electric vehicle battery market will drive the demand for copper foil," adding, "We expect the demand for copper foil to expand more than fourfold from the current annual 500,000 tons to 2.23 million tons by 2030."

The company emphasized its position as the 'Global No.1 High-End Copper Foil Company.' To achieve this, it unveiled four core growth strategies: ▲High-end ultra-differentiated technology ▲Expansion of global bases ▲Synergy with Lotte Chemical Group ▲Development of next-generation battery materials.

From 2025 onwards, with the increase in demand for lithium iron phosphate (LFP) batteries and the full-scale mass production of 4680 (46mm diameter, 80mm length) batteries in the North American market, demand for high-end copper foil is expected to increase significantly, especially in Europe and North America, compared to general-purpose copper foil. To respond to the U.S. Inflation Reduction Act (IRA) and the European Union (EU) Critical Raw Materials Act (CRMA), Spain has been designated as the European base, and new sites are being considered in North America.

CEO Kim stated, "With industry-first ultra-high-strength, high-elongation copper foil developed through ultra-differentiated technology and the expansion of key bases in Korea, Malaysia, Europe, and North America, we aim to become the global No.1 company in the high-end copper foil market."

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