Cosmo AM&T

battery·🇰🇷 South Korea·Ownership re-checked 2026-10-06 · exposure claims not re-checked since fill

Cosmo AM&T (Cosmo New Material Co., Ltd.; KOSDAQ: 005070), part of the Korean Cosmo group, is a cathode active material (CAM) producer — it makes the lithium-metal-oxide powder that becomes the cathode of a lithium-ion battery cell, not the finished cell itself.

Supply-risk report · CRMA Art. 20–25 assessment Policy outlook · threats, impact & strategy

/ 100

High

Binding chokepoint

manganese 83

Controller

🇨🇳 CN 90%

Measures, 24m

66 · 0 total mentions

Scored exposures

5 materials

Its binding exposure, manganese, is controlled by CN at 90% of refined output.

Production footprint

2named sites with disclosed material dependencies

Chungju (Plants 1-3)high-nickel NCM/NCMA cathode active materialKR

Ulsan precursor plantNCM precursor (pCAM)KR

View on the correlation map →

Corporate structure

—

Free float, subsidiaries & legal entitiesShow

Cosmo Chemical Co., Ltd. (KOSDAQ: 005420)30.8%

Named supply chain

every row cited

3sourced counterparties

Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 3 suppliers. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.

Albemarle Corporationsupplier · FY2025, per Cosmo AM&T 2025 business report (DART)· tracked ↗

Sociedad Química y Minera de Chile S.A. (SQM)supplier · FY2025, per Cosmo AM&T 2025 business report (DART)

CNGR Advanced Material Co., Ltd.supplier · FY2025, per Cosmo AM&T 2025 business report (DART)

Evidence, sources and scopeShow

Albemarle Corporationsupplierprimary-source

Cosmo AM&T (코스모신소재) FY2025 사업보고서 (DART rcpNo 20260602000342), section II.3 원재료 및 생산설비: raw-material table '리튬 | 전지재료용 | 249,944 | Albemarle, SQM' (lithium for battery materials, KRW 249.9bn) and text '리튬은 주로 Albemarle(칠), SQM(칠)과 거래하고 있으며' (lithium is traded mainly with Albemarle (Chile) and SQM (Chile)). The filing itself places Albemarle's supply in Chile (La Negra conversion plant); destination is Cosmo's Chungju cathode plants in Korea.

disclosed FY2025, per Cosmo AM&T 2025 business report (DART)primary source ↗own dossier tracked ↗

Sociedad Química y Minera de Chile S.A. (SQM)supplierprimary-source

Cosmo AM&T (코스모신소재) FY2025 사업보고서 (DART rcpNo 20260602000342), section II.3 원재료 및 생산설비: '리튬은 주로 Albemarle(칠), SQM(칠)과 거래하고 있으며' (lithium mainly from Albemarle (Chile) and SQM (Chile)); lithium purchases KRW 249.9bn in 2025. SQM's lithium is produced at Salar de Atacama / Salar del Carmen, Chile; destination is Cosmo's Chungju cathode plants in Korea.

disclosed FY2025, per Cosmo AM&T 2025 business report (DART)primary source ↗

CNGR Advanced Material Co., Ltd.supplierprimary-source

Cosmo AM&T (코스모신소재) FY2025 사업보고서 (DART rcpNo 20260602000342), section II.3 원재료 및 생산설비: raw-material table 'NCM 전구체 | 전지재료용 | 29,456 | CNGR, HUAJIN' and '코발트 | 전지재료용 | 4,153 | CNGR'; text '전구체는 CNGR(중국), HUAJIN(중국)과 거래하고 있습니다' (precursor is bought from CNGR (China) and Huajin (China)). NCM precursor is a nickel-cobalt-manganese hydroxide; destination is Cosmo's Chungju cathode plants in Korea.

disclosed FY2025, per Cosmo AM&T 2025 business report (DART)primary source ↗

Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.

Material exposure

5scored materials

Every exposure is read as a buyer dependency; the top 3 are its binding chokepoints.

manganese🇨🇳 CN 83

cobalt🇨🇳 CN 75

lithium🇨🇳 CN 72

The other 2 exposuresShow

nickel🇨🇳 CN 64

aluminium🇨🇳 CN 49

Supply-pressure direction · as consumer

flat2 of 5 exposures computable

As a buyer, policy pressure across its consumed materials is flat.

aluminium🇨🇳 CNrising

lithium🇨🇳 CNflat

cobalt🇨🇳 CNcoverage-limited

Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.

2 moreShow

manganese🇨🇳 CN · bindingtoo few actions

nickel🇨🇳 CNtoo few actions

Policy measures, last 24 months

No actions in the register have named or swept this company in the last 24 months.

See all in the register →

If passed, would hit their inputs

52proposals matching this company's materials

Zhejiang Huayou Cobalt — USD 210m acquisition of Atlantic Lithium Ltd (Ewoyaa Lithium Project, Ghana)🇨🇳 lowlithium

DRC — Interministerial Arrêté Banning Export of Unprocessed Copper and Cobalt Concentrates (29 June 2026, replaces 4 August 2023 framework)🇨🇩 highcopper, cobalt

Guinea — Ministry of Mines plan to reduce bauxite export volumes to support prices (differential quota/allocation tied to downstream-investment commitments)🇬🇳 lowbauxite

3 more of 49Show

Zambia SI No. 43 of 2026 — Customs and Excise (Suspension) (Copper Concentrates) (No. 2) Regulations, 2026🇿🇲 highcopper, cobalt

African Union / AfDB — continental harmonisation of mining legislation toward a ban on unprocessed critical-mineral ore exports (Abidjan Ministerial Forum outcome) lowcobalt, copper, lithium, manganese, bauxite, graphite, rare-earths

DRC — ARECOMS forfeiture & reallocation of unused H1-2026 cobalt export quotas to the state strategic reserve (in force ~29 June 2026)🇨🇩 highcobalt

Supplier alternatives

5of 5 exposures have a viable non-dominant substitute · avg lead 7mo

manganese🇨🇳 CN 90% → 🇿🇦 ZA6-12mo

cobalt🇨🇳 CN 78% → 🇫🇮 FI6-12mo

lithium🇨🇳 CN 65% → 🇨🇱 CL0-6mo

2 moreShow

nickel🇨🇳 CN 36% → 🇮🇩 ID0-6mo

aluminium🇨🇳 CN 61% → 🇮🇳 IN6-12mo

Traders & procurement channels

1named-material houses of 3 tracked

Lipmann WaltonHenley-on-Thames, UKmanganese, cobalt, nickel

TraxysLuxembourgbroad universe

Tradium GmbHFrankfurtbroad universe

Full channel directory →

No dated actions on record. Material exposures are company-researched, not yet re-checked; scores are footprint-adjusted and buyer-relative.

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Cosmo AM&T

battery·🇰🇷 South Korea·Ownership re-checked 2026-10-06 · exposure claims not re-checked since fill