LBM New Energy (AP) signs long-term LFP supply deal
2025-06-03 14:12:33 [Print]
On May 29, LBM New Energy (AP) Pte. Ltd., a subsidiary of Lopal Tech, signed a long-term supply agreement with Eve Energy Malaysia Sdn. Bhd.
Under the agreement, LBM New Energy (AP) and its affiliates will supply up to 152,000 tonnes of lithium iron phosphate (LFP) cathode materials to Eve Energy Malaysia and its related companies from 2026 to 2030.
The agreement allows the buyer to adjust the forecasted purchase volume within a certain range, provided advance notice is given. Unit prices will be set quarterly based on market conditions and contract terms.
Based on projected volumes and current market prices, the total contract value is estimated to exceed RMB5 billion (USD695 million).
Under the agreement, LBM New Energy (AP) and its affiliates will supply up to 152,000 tonnes of lithium iron phosphate (LFP) cathode materials to Eve Energy Malaysia and its related companies from 2026 to 2030.
The agreement allows the buyer to adjust the forecasted purchase volume within a certain range, provided advance notice is given. Unit prices will be set quarterly based on market conditions and contract terms.
Based on projected volumes and current market prices, the total contract value is estimated to exceed RMB5 billion (USD695 million).
Lithium Iron Phosphate Li 3.9%min Delivered China
Unit:RMB/mt
China's ithium iron phosphate producers' inventory to production ratio statistics by province by month
Unit: %
