Sama Aluminum, a company specializing in aluminum materials and processing, is experiencing strong gains in the latter half of the trading session.
As of 1:46 PM on October 16, Sama Aluminum shares rose by 11,300 won (17.57%) to 75,600 won compared to the previous trading day, according to the Korea Exchange.
Sama Aluminum produces aluminum foil for the anode current collectors of lithium-ion batteries (LIB) and aluminum foil for battery casings, categorizing it as a secondary battery-related stock. The company's rise is attributed to a rebound in buying interest following a sharp decline in the KOSPI the previous day, reflecting optimism in the battery industry.
Analysts are also paying close attention to Sama Aluminum. Lee Chae-yoon, a researcher at Shinhan Investment Corp., noted in a report released today that "the aluminum foil industry has avoided excessive expansion during the electric vehicle (EV) demand slowdown due to its short lead times, and is now entering a shortage phase due to a surge in demand from AI data centers for energy storage systems (ESS)." He added that Sama Aluminum is the only pure publicly listed company among the three major domestic aluminum foil producers (Sama Aluminum, Lotte Aluminum, and DI Dongil).
Sama Aluminum is also recognized as the only domestic company capable of carbon coating. Lithium iron phosphate (LFP) batteries, which account for about 90% of new ESS installations, apply carbon coating to the surface of aluminum foil to enhance electrical conductivity. Sama Aluminum expects to reduce its reliance on outsourcing to China and respond to foreign enterprise regulations (FEOC) by securing global supply through its coating facility in Pyeongtaek, scheduled for completion by the end of the year.
As of 1:46 PM on October 16, Sama Aluminum shares rose by 11,300 won (17.57%) to 75,600 won compared to the previous trading day, according to the Korea Exchange.
Sama Aluminum produces aluminum foil for the anode current collectors of lithium-ion batteries (LIB) and aluminum foil for battery casings, categorizing it as a secondary battery-related stock. The company's rise is attributed to a rebound in buying interest following a sharp decline in the KOSPI the previous day, reflecting optimism in the battery industry.
Analysts are also paying close attention to Sama Aluminum. Lee Chae-yoon, a researcher at Shinhan Investment Corp., noted in a report released today that "the aluminum foil industry has avoided excessive expansion during the electric vehicle (EV) demand slowdown due to its short lead times, and is now entering a shortage phase due to a surge in demand from AI data centers for energy storage systems (ESS)." He added that Sama Aluminum is the only pure publicly listed company among the three major domestic aluminum foil producers (Sama Aluminum, Lotte Aluminum, and DI Dongil).
Sama Aluminum is also recognized as the only domestic company capable of carbon coating. Lithium iron phosphate (LFP) batteries, which account for about 90% of new ESS installations, apply carbon coating to the surface of aluminum foil to enhance electrical conductivity. Sama Aluminum expects to reduce its reliance on outsourcing to China and respond to foreign enterprise regulations (FEOC) by securing global supply through its coating facility in Pyeongtaek, scheduled for completion by the end of the year.
* This article has been translated by AI.
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