Korea's secondary battery sector was strong in early trading on the 22nd. As demand for energy storage systems (ESS) increases, expectations for an industry rebound appear to be growing.
Ecopro shares were trading at 85,800 won on the KOSDAQ market at 9:26 a.m. on the 22nd. The price rose 13.04% (9,900 won) from the previous day.
At the same time, LG Energy Solution also rose 3.66% (16,000 won) to 453,000 won on the KOSPI market.
Through September this year, global ESS shipments increased 105% from the same period a year earlier. Global investment bank (IB) JPMorgan said that ESS growth rates of more than 80% in 2025 and more than 30% in 2026 are actually being confirmed.
In particular, secondary battery supply unit prices have reportedly turned to a slight upward trend since bottoming out in May. However, JPMorgan assessed that the possibility of this leading to broad-based price increases through 2026 is limited.