Lopal and LGES sign procurement agreements for LFP cathode material and lithium carbonate

Lopal Technology disclosed recently that it had signed a supply agreement with LG Energy Solution (LGES) for LFP (lithium iron phosphate) cathode materials.Asian Metal Copyright67 billion over the three years – equivalent to approximately KRW3.Asian Metal Copyright The three year contract, effective from January 1, 2026 to December 31, 2028, sets an annual transaction cap of RMB9 billion (USD1.Asian Metal CopyrightLopal Technology disclosed recently that it had signed a supply agreement with LG Energy Solution LGES for LFP lithium iron phosphate cathode materials.Asian Metal Copyright33 billion), with total cumulative value potentially reaching RMB27 billion (USD4.Asian Metal Copyright This reverse supply stream carries an annual cap of RMB6 billion USD889.Asian Metal Copyright00 billion) over the term.

In a parallel arrangement, LGES will supply Lopal with lithium carbonate and other raw materials essential for producing LFP cathodes. This reverse supply stream carries an annual cap of RMB6 billion (USD889.Asian Metal Copyright75 trillion RMB17.Asian Metal Copyright88 million), or RMB18 billion (USD2.Asian Metal Copyright67 billion over the three years – equivalent to approximately KRW3.Asian Metal Copyright67 billion) over the three years – equivalent to approximately KRW3.Asian Metal Copyright00 billion over the term.Asian Metal Copyright75 trillion (RMB17.Asian Metal Copyright88 million, or RMB18 billion USD2.Asian Metal Copyright82 billion).

.Asian Metal Copyright The three year contract, effective from January 1, 2026 to December 31, 2028, sets an annual transaction cap of RMB9 billion USD1Asian Metal Copyright