[Concall] LG Chem "Lithium Prices Continue to Fall in Q4... Reducing Inventory"

LG Chem stated in its Q3 earnings conference call that "in Q3, the price of lithium hydroxide fell by 20% compared to Q2, leading to a decline of more than 20% in cathode material prices," and added, "there was an increased negative net profit impact due to metal inventory in Q3."

They also mentioned, "lithium prices dropped to $22~23," and said, "although the scale will shrink in Q4 compared to Q3, the negative impact from metal prices is expected to continue." Furthermore, they said, "we are continuously reducing inventory levels," and added, "we will flexibly manage inventory while monitoring future metal price forecasts."

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