Alexander Jones

Joel Jackson

Ben Theurer

Mubasher Chaudhry

Rahi Parikh

Will Tang

Alex Jones

Kyle Caunt

William Tang

- The U.S. Department of Energy (DOE) has **discontinued funding** for ICL Group Ltd.'s lithium iron phosphate (LFP) cathode active material manufacturing plant project in St. Louis, United States.  **[941221_0001178913-25-003485_zk2533843.htm:0]** 
- This decision was part of a comprehensive review to align grants with the Congressional budget framework and was influenced by **anticipated increases in the Project's costs**.  **[941221_0001178913-25-003485_zk2533843.htm:0]** 
- ICL Group Ltd. is currently reviewing the implications of this announcement and is examining the **continuation of the Project** and all related LFP activities as part of its overall strategy.  **[941221_0001178913-25-003485_zk2533843.htm:0]** 
- If the company decides to discontinue these activities, it expects to recognize an investment write-off of approximately **$40 million (net)** in its financial statements.  **[941221_0001178913-25-003485_zk2533843.htm:0]**

ICL Group Ltd. Announces Discontinuation of DOE Funding for LFP Project

- ICL reports **gradually improving market pricing trends** across most end markets, with an expected **uptick in phosphate pricing** in the second half of 2025 and **strong demand** for crop nutrition and potash.  **[941221_tx_379117_0]** 
- The company adjusted its annual potash volume projections from **4.5-4.7 million tons to 4.3-4.5 million tons** due to impacts from the war in Israel, but expects to catch up on production in the second half of 2025 with **positive 2026 projections**.  **[941221_tx_379117_1]** 
- ICL's strategy emphasizes **specialty businesses**, which now account for **70% of revenue**, providing stability and driving growth through organic innovation, R&D investments (e.g., biologicals, battery materials), and **bolt-on acquisitions**.  **[941221_tx_379117_0]** **[941221_tx_379117_3]** **[941221_tx_379117_4]** **[941221_tx_379117_5]**

ICL Group Discusses Market Trends and Strategic Priorities at Jefferies Conference

ICL Group (ICL)