On May 9, Lopal Tech announced that its subsidiary LBM New Energy Technology Company and its controlled affiliate Nanjing Lithium Source have signed a Strategic Procurement Agreement for Production Materials and a Supplementary Agreement with Wuhan Cornex, Xiaogan Cornex, and Yichang Connex-wholly-owned subsidiaries of Cornex New Energy.
Under the agreements, LBM and Nanjing Lithium Source are expected to supply a combined 150,000 tonnes of lithium iron phosphate (LFP) cathode materials to the buyers from 2025 to 2029, with total projected sales exceeding Yuan 5 billion.
Edited by Cassie Li, lixiangying@mysteel.com
