[Concall] LG Chem "Q4 Cathode Material Profitability to Be Worse Than Q3"
![LG Chem Europe CS Center in Frankfurt, Germany. <br>[Photo by LG Chem]](http://www.asiae.co.kr/news/img_view.htm?img=2023091308123873395_1694560358.jpeg)
On the 28th, LG Chem stated during its Q3 earnings conference call, "The shipment volume of advanced materials in Q4 is expected to decrease by about 30% compared to Q3, as some of the originally planned volume was moved up to Q3 and due to year-end inventory adjustments by downstream companies. Additionally, profitability is expected to decline by approximately 10% due to the drop in lithium and nickel prices."
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They added, "In 2025, the shipment volume of cathode materials is expected to increase by 25% compared to this year, supported by growth in North American demand. However, with a significant decline in metal prices, the selling price of cathode materials is expected to fall by 40%."
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