# If LG Chem moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/lg-chem · Facet: ripple · Updated: 2026-09-24T12:56:02.112002+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, LG Chem is directly linked to 6 companies (1 supply, 4 revenue, 1 investment relationships) and reaches 27 companies within two hops; the links are backed by 10 dated sources, 4 of them primary filings (as of 2026-09-24).

LG Chem operates across KOSPI, Diversified chemicals, Battery (LGES) & cathode. It is -8.6% in 2026. The demand side (avg +70.7%) is well ahead of the stock (-8.6%). Customer money has not fully worked its way down to this layer, which leaves catch-up room if propagation continues and a hardened gap if it stalls. Among connected nodes the furthest ahead is LG Electronics (+105.5%) and the furthest behind is Cosmo Advanced Materials & Technology (-23.5%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It supplies EV cathodes to General Motors, Toyota, and Panasonic under long-term contracts, while its naphtha-based petrochemicals lean on high-value products to defend margins amid a weak commodity cycle.

## Demand chain (leading)
- T1 LG Electronics (https://valuechain.wiki/lg-electronics.md)
- T2 Flex Ltd. (https://valuechain.wiki/flex-ltd.md)
- T3 Alphabet (Google) (https://valuechain.wiki/alphabet.md)
- T3 Palo Alto Networks (https://valuechain.wiki/palo-alto-networks.md)
- T3 F5, Inc. (https://valuechain.wiki/f5.md)
- T2 General Motors (https://valuechain.wiki/general-motors.md)
- T2 Lowe's Companies, Inc. (https://valuechain.wiki/lowes.md)
- T1 Panasonic Energy (https://valuechain.wiki/panasonic-energy.md)
- T2 Tesla (https://valuechain.wiki/tesla.md)
- T3 PG&E Corporation (https://valuechain.wiki/pg-e.md)
- T3 Edison International (https://valuechain.wiki/edison-international.md)
- T2 Mazda Motor (https://valuechain.wiki/mazda-motor.md)

## Supply chain (benefiting)
- T1 LG Energy Solution (https://valuechain.wiki/lg-energy-solution.md)
- T2 POSCO Future M (https://valuechain.wiki/posco-future-m.md)
- T3 POSCO Holdings (https://valuechain.wiki/posco-holdings.md)
- T2 L&F (https://valuechain.wiki/landf.md)
- T2 Umicore (https://valuechain.wiki/umicore.md)
- T2 Chunbo (https://valuechain.wiki/chunbo.md)
- T2 Sociedad Química y Minera de Chile S.A. (https://valuechain.wiki/sqm.md)
- T2 Albemarle (https://valuechain.wiki/albemarle.md)
- T2 Daejoo Electronic Materials (https://valuechain.wiki/daejoo-electronic.md)
- T2 Yunnan Energy New Material (SEMCORP) (https://valuechain.wiki/yunnan-energy.md)
- T2 Lotte Energy Materials (https://valuechain.wiki/lotte-energy-materials.md)
- T3 Lotte Chemical (https://valuechain.wiki/lotte-chemical.md)
- T2 SKC (https://valuechain.wiki/skc.md)
- T3 Toyota Tsusho (https://valuechain.wiki/toyota-tsusho.md)
- T2 Enchem (https://valuechain.wiki/enchem.md)
- T2 Ganfeng Lithium (https://valuechain.wiki/ganfeng.md)
- T2 PNT (People & Technology) (https://valuechain.wiki/pnt.md)
- T2 Dai Nippon Printing (https://valuechain.wiki/dai-nippon-printing.md)
- T3 Hoya Corporation (https://valuechain.wiki/hoya.md)
- T2 Advanced Nano Products (https://valuechain.wiki/advanced-nano-products.md)
- T2 LS ELECTRIC (https://valuechain.wiki/ls-electric.md)
- T1 Cosmo Advanced Materials & Technology (https://valuechain.wiki/cosmo-advanced-materials-technology.md)
- T2 Mitsubishi Chemical Holdings (https://valuechain.wiki/mitsubishi-chemical-holdings.md)

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Full node: https://valuechain.wiki/lg-chem.md · JSON: https://valuechain.wiki/lg-chem.json