ICL Group Discontinues LFP Cathode Activities Amid Funding Cuts

Icl ( (ICL) ) has shared an update.

On November 11, 2025, ICL Group Ltd. announced its decision to discontinue its lithium iron phosphate (LFP) cathode active material activities in the United States and terminate a joint venture in Spain. This decision followed the U.S. Department of Energy’s withdrawal of funding for the St. Louis facility and the absence of European Union funding for the Spanish project, amidst lower-than-expected demand in the electric vehicle market and regulatory changes. As a result, ICL will record a $40 million asset write-off in its fourth-quarter financial statements but will continue to focus on supplying raw materials to the battery materials market.

The most recent analyst rating on (ICL) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on Icl stock, see the ICL Stock Forecast page.

Spark’s Take on ICL Stock

According to Spark, TipRanks’ AI Analyst, ICL is a Neutral.

ICL’s overall stock score is driven by mixed financial performance and bearish technical indicators. While the company shows some revenue growth, profitability and cash flow challenges persist. The stock’s technical analysis indicates a downtrend, and valuation metrics suggest it may be overvalued. The earnings call provided a balanced view, but geopolitical tensions and cost pressures remain concerns.

To see Spark’s full report on ICL stock, click here.

More about Icl

ICL Group Ltd. operates in the chemical industry, focusing on the production and supply of specialty minerals and chemicals. The company is involved in various sectors, including agriculture, food, and engineered materials, with a significant emphasis on innovative solutions and sustainable practices.

Average Trading Volume: 650,743

Technical Sentiment Signal: Sell

Current Market Cap: $7.36B

For an in-depth examination of ICL stock, go to TipRanks’ Overview page.