L&F (KRX:066970) has secured a medium- to long-term supply and purchase contract for lithium iron phosphate (LFP) cathode materials amounting to 161.7 billion won, according to a Friday filing with the Korea Exchange.
The contract will cater to battery manufacturer SK ON's and its designated entities' domestic and overseas production subsidiaries.
The contract period will end on Dec. 31, 2028, with an option to extend the contract for an additional three years.
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