[Concall] LG Chem "Targeting 40% Growth Based on Cathode Material Volume"
"Sales Growth Limited Due to Price Decline"
![[Concall] LG Chem "Targeting 40% Growth Based on Cathode Material Volume"](http://www.asiae.co.kr/news/img_view.htm?img=2022081608473787514_1660607257.jpg)
LG Chem has set its cathode material shipment target for this year to grow by 40% compared to last year, but it expects revenue growth to be limited due to a decline in cathode material prices.
During a conference call held on the 31st, LG Chem stated, "We have established an annual target of 40% growth, exceeding the market growth rate in terms of volume through entry into new projects. However, revenue growth is expected to be limited due to the decline in metal prices."
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They added, "Last year, the Advanced Materials Division experienced a decline in profitability due to negative profit and loss impacts from inventory as lithium nickel prices continuously fell."
This content was produced with the assistance of AI translation services.
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