Company Performance: Revenue, profit margins, and growth rates directly impact investor sentiment.

Industry Trends: The overall health and outlook of the secondary battery material sector influence stock valuation.

Economic Conditions: Macroeconomic factors such as interest rates, inflation, and GDP growth affect investment decisions.

Regulatory Changes: Government policies and regulations regarding environmental protection and battery technology impact the business.

Competition: The competitive landscape and market share held by EcoPro BM influence investor confidence.

Raw Material Prices: Fluctuations in the prices of key raw materials like lithium and nickel impact production costs and profitability.

Investor Sentiment: Market psychology and investor expectations play a significant role in short-term price movements.

Global Events: Geopolitical events and international trade policies can affect the supply chain and demand for battery materials.

Technological Advancements: Breakthroughs in battery technology can impact the demand for existing battery materials.

Currency Exchange Rates: Fluctuations in the Korean Won against other currencies affect the value of earnings.