Ecopro Co. Emerges as World’s Best-Performing Stock, Thanks to Retail Investors and Long-Term Contract with Samsung SDI Co.\n\nEcopro Co. has taken the world by storm this year, becoming the best-performing stock in the Bloomberg World Index. The company’s shares have skyrocketed by 571%, beating all other companies in the index. This meteoric rise can be attributed to a combination of factors, including retail investors’ love for volatility, bullish calls from popular Youtube influencers, and increased scrutiny on Chinese competitors by the US. The company’s success can also be attributed to its position as a key supplier of cathode-active materials for electric car batteries and its recent long-term contract with Samsung SDI Co.\n\nThe recent contract with Samsung SDI Co. is a major boost for Ecopro, as it has been struggling to secure long-term contracts with major battery makers. The deal, worth 43.8 trillion won, is equivalent to 30% of Ecopro’s 2022 revenue and is expected to help the company maintain its position as the world’s top producer of cathode materials. This contract is a testament to the company’s strong fundamentals and its ability to meet the growing demand for electric car batteries.\n\nEcopro’s shares have been on a roller-coaster ride this year, surging more than 500% before tumbling 50% from its July peak. The recent ban on short-selling by authorities has led to a decline in the company’s stock price. Ecopro’s shares still trade at 96 times its earnings, highlighting the company’s strong fundamentals and potential for growth.\n\nThe company’s success has also had a positive impact on its founder’s family, with their fortune increasing by $3.3 billion this year. Ecopro’s success has not been without its challenges. The company has struggled to secure long-term contracts with major battery makers, and its stock has been subject to wild swings due to retail investors’ frenzy for EV battery-related stocks.\n\nIn a Ecopro Co. has emerged as the world’s best-performing stock this year, driven by the overwhelming support of South Korean retail traders and its position as a key supplier of cathode-active materials for electric car batteries.