Market Chatter: SK On, L&F Team Up for LFP Battery Material Supply in US Energy Storage System Market

MT Newswires Live

Jul 11, 2025

SK Inc.'s (KRX:034730) battery-making unit, SK On, signed a memorandum of understanding with L&F (KRX:066970) to supply cathode materials for lithium iron phosphate (LFP) batteries targeting North America's energy storage system (ESS) market.

The two firms will finalize supply details soon, aiming for a long-term partnership. SK On seeks to meet the increasing US LFP demand, fueled by AI-driven data centers, and expand its battery portfolio with safer, cost-effective ESS solutions, Yonhap News reported Friday.

Shares of SK Inc. fell more than 3% in recent trade while L&F rose over 13%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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SK On seeks to meet the increasing US LFP demand, fueled by AI-driven data centers, and expand its battery portfolio with safer, cost-effective ESS solutions, Yonhap News reported Friday.</p><p>Shares of SK Inc. fell more than 3% in recent trade while L&amp;F rose over 13%.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TISI","symbol_name":"Team Inc","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2550839607","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550839607","pubTimestamp":1752208007,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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