A qualitative deep dive into Sebitchem (107600) for 2026: its waste-acid and spent-battery recycling model, the precursor composite solution, permit and hydrometallurgy moats, metal-price spread and capex risk, the EV slowdown and LFP threat, plus the SungEel HiTech competitive map.
A 2026 stock outlook for Cosmo Chemical (KOSPI 005420), Korea's only titanium dioxide (TiO2) producer. We weigh its domestic monopoly cash cow against a Chinese-driven price war and loss cycle, plus the battery-materials and spent-battery recycling growth option tied to affiliate Cosmo Advanced Materials.
SungEel HiTech (KOSDAQ 365340) 2026 stock outlook. A qualitative deep dive into the battery-recycling business model, black-mass hydrometallurgy that recovers nickel, cobalt and lithium, the brutal metal-price leverage, EV demand air-pockets, IRA and CRMA tailwinds, and the competitive field for foreign investors.