L&F Secures LFP Cathode Materials Supply Contract from Samsung SDI

MT Newswires Live

03/24

Battery materials producer L&F (KRX:066970) secured a lithium iron phosphate (LFP) cathode materials supply and purchase contract from battery and electronic materials manufacturer Samsung SDI (KRX:006400), according to a Tuesday filing with the Korean Exchange.

The contract, valued at 1.607 trillion won, is valid till Dec. 31, 2029.

Shares of L&F rose nearly 12% at market close, while those of Samsung SDI added nearly 6%.

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