Cathode and MLCC release-film maker
Cosmo Advanced Materials & Technology
Cosmo Advanced Materials & Technology makes high-nickel NCM cathode active material for lithium-ion batteries and release film for MLCC production. In its 2025 fiscal year revenue was 456.3 billion won, with cathode at 71.8 percent and functional film (release film and toner) at 28.2 percent. It supplies cathode to LG Chem and Samsung SDI, and MLCC release film to Samsung Electro-Mechanics. It buys lithium from Albemarle and SQM and NCM precursor from China's CNGR and Huajin, with raw-material prices tied to global benchmarks (LME and FMB). An EV demand lull hit cathode sales, and the company is betting on single-crystal high-nickel cathode for a turnaround.
005070.KS Updated Jul 12, 2026 2 AI consumers
Per the valuechain.wiki graph, Cosmo Advanced Materials & Technology is directly linked to 5 companies (2 supply, 3 revenue relationships) and reaches 10 companies within two hops; the links are backed by 6 dated sources, 2 of them primary filings (as of 2026-07-12).
Financials & Segments
- Segments · Battery cathode active material · Functional film (MLCC release film) · Toner
Revenue from
- LG Chem High confidence· Contract value ₩250.4B · 2024-05~2025-04 · cathode single supply contract (39.8% of revenue)
Supplies high-nickel NCM cathode active material. 2025 single-supply contract worth 250.4 billion won (39.8% of recent revenue), cut from an initial 362.1 billion won due to the EV demand lull. - Samsung SDI High confidence
Supplies NCM cathode active material. Provides NCM523 for ESS and small cells; by Q3 2025 accounted for about 80% of cathode volume as the customer mix diversified.Mentions KO IBK Securities via Nate Published Nov 19, 2025: Cosmo AM&T, target 50,000 won - IBK SecuritiesConfirms EN THE ELEC Accessed Jul 11, 2026: Cosmo AM&T developing high-nickel batteries with Samsung, LG - Samsung Electro-Mechanics Medium confidence· segment revenue ₩115.2B · functional-film revenue (25.3% of total)
Supplies release film for MLCC processing. Functional-film revenue 115.2 billion won (25.3% of total), tied to growth in AI-server and automotive MLCC. - 배터리 셀 (하이니켈 양극재) Medium confidence
Makes high-nickel NCM cathodes and MLCC release film; expanding cathode supply to Korean cell makers.Mentions KO Finance Scope Published Nov 7, 2024: Advanced Nano Products builds US and Poland CNT plants to supply LG and Samsung SDI
Pays to
- Albemarle High confidence· purchase value ₩249.9B · lithium purchases (Albemarle and SQM combined)
Lithium supplier for cathode. Lithium purchases 249.9 billion won, priced against global benchmarks (LME and FMB). - Sociedad Química y Minera de Chile S.A. High confidence
Chile-based lithium supplier for cathode. Total lithium purchases 249.9 billion won, priced against global benchmarks. - CNGR Medium confidence· purchase value ₩29.5B · NCM precursor purchases (incl. Huajin)
China-based NCM precursor supplier. NCM precursor purchases 29.5 billion won; precursor prices move with global battery demand. - Mitsubishi Chemical Medium confidence
Japan-based supplier of resin for toner. Facing price hikes as petrochemical costs rise. - Huajin Medium confidence
China-based NCM precursor supplier, alongside CNGR, for cathode.
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| ASE Technology | lead2 | +38.3 | -12.8 | +60.9 | +10.1 | +65.6 | +167.6 |
| Panasonic Energy | lead2 | -5.7 | -1.6 | +20.1 | +16.6 | +36.2 | +113.2 |
| LG Electronics | lead2 | -16.2 | -20.9 | -5.8 | -9.5 | +19.2 | +85.5 |
| Amkor Technology | lead2 | +65.6 | -2.3 | +40.3 | -20.8 | +55.9 | +79 |
| Samsung Electronics | lead2 | -9 | -14.2 | +20.9 | -26.4 | +212.9 | +77.9 |
| Samsung Electro-Mechanics | lead1 | -11.8 | -18.5 | -1.4 | -2.5 | +110 | +467.7 |
| Samsung SDI | lead1 | -19 | +15.8 | -45.7 | -40.2 | +75.7 | +11.3 |
| LG Chem | lead1 | -29 | +9.7 | -36.6 | -45.3 | +31.2 | -14.4 |
| Cosmo Advanced Materials & Technology | node | +121.4 | +48.7 | +128.9 | -60.4 | -3.4 | -22.5 |
| Sociedad Química y Minera de Chile S.A. | benef1 | +6.8 | +71.8 | -18.3 | -39.4 | +89.2 | +7.6 |
| Albemarle | benef1 | +59.8 | -6.6 | -32.8 | -39.5 | +67.7 | -10.4 |
YTD as of 2026-07-10 · source: Yahoo Finance
A materials maker of high-nickel NCM cathode active material (71.8% of revenue) and MLCC release film (25.3%), with a dual structure supplying cathode to LG Chem and Samsung SDI and release film to Samsung Electro-Mechanics. The EV demand lull shook cathode sales — the LG Chem supply contract was cut from KRW 362.1B to KRW 250.4B — and in response it diversified customers (Samsung SDI rose to ~80% of cathode volume by Q3 2025), betting on single-crystal high-nickel for a rebound. Meanwhile release film to Samsung Electro-Mechanics grew on AI-server and automotive MLCC demand, a counterweight offsetting cathode weakness. Costs hinge on lithium (Albemarle, SQM; ~KRW 249.9B) and precursor (China's CNGR, Huajin) priced against global benchmarks (LME, FMB), so the spread decides results.
Analysis generated from returns as of 2026-07-10