Question · Q4 2025
Daanish Rizwan asked about the historical context and duration of suppliers acting as main creditors in the Brazilian market, and whether ICL's discontinuation of LFP battery material projects signifies a permanent exit from this end market or a temporary pause.
Answer
Raviv Zoller (Chairman, ICL Group) described the Brazilian market's cyclical nature, emphasizing careful credit management and believing the current situation is at a trough. Regarding batteries, Raviv Zoller (Chairman, ICL Group) and Anantha Desikan (COO, ICL Group) clarified that fundamental market shifts, including slower adoption, reduced government support in the US/Europe, and strong Chinese competition, led to the decision to discontinue LFP battery material projects outside China. ICL will remain a raw material supplier to the Chinese market.
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