On the 18th, shares of MNtech, a display and secondary battery materials specialist, are surging on news that prices of lithium, a key material for secondary batteries, are set to rebound.
As of 10:10 a.m. that day, MNtech shares are trading on the KOSDAQ market at 13,330 won, up 8.99% (1,100 won) from the previous day. Right after the open, they rose as much as 13.49% to 13,880 won, marking a 1-year high.
MNtech's share price rise is expected to be driven by higher lithium prices. With volatility increasing, interest in lithium-related stocks is growing.
Kim Hyun-su, a researcher at Hana Securities, said, "From 2022 to 2023, lithium demand declined due to the elimination of electric vehicle subsidies, expanding oversupply by more than double," and noted, "In the third quarter of 2025, news of production cuts by major lithium producers expanded lithium price volatility for the first time in a while."