South Korean telecommunications equipment supplier Fino (KOSDAQ:033790) secured a nickel-manganese-cobalt (NCM) precursor supply contract from L&F (KRX:066970), according to a Tuesday filing with the Korea Exchange.
NCM is a key cathode material in the industry, usually used in electric vehicle batteries.
The order, valued at 3.63 billion won, is valid from Nov. 19, 2025, to Jan. 19, 2026.
Shares of Fino fell more than 4% at market close, while those of L&F declined over 1%.
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