LG CHEM disclosed on the 13th that it signed a mid- to long-term supply contract with a U.S. company for electric-vehicle battery cathode materials.
The contract is worth 376.2 billion won, and the term runs from the 15th to July 31, 2029.
LG CHEM said, "The supply amount may change depending on fluctuations in key materials and supplies prices and exchange rates," and added, "The counterparty will be disclosed after the deferral period ends to maintain business confidentiality."
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