On September 15, Lopal Technology announced that its controlled subsidiary, LBM New Energy (AP) Pte Ltd., has signed a Lithium Iron Phosphate Cathode Material Procurement Cooperation Agreement with CATL. It is estimated that from the second quarter of 2026 to 2031, LBM will collectively sell 157,500 metric tonnes of LFP cathode materials meeting the agreed specifications to CATL's overseas factories, with total contract sales exceeding Yuan 6 billion.
This agreement is a sales cooperation agreement related to daily operations, which will help the company establish long-term and stable relationships with downstream partners and take the lead in capturing the overseas market. However, the agreement is only an intent agreement, and specific sales volumes, amounts, and revenue remain uncertain.
Edited by Cassie Li, lixiangying@mysteel.com
