SK On L&F LFP deal

SK On secured a three-year, $115.7 million supply agreement with L&F for high-density LFP cathode materials. Production is scheduled to commence in 2026. The contract reinforces demand stability for lithium iron phosphate materials within the energy storage segment. It signals continued supply chain consolidation among battery manufacturers. SK On ensures upstream material security for future capacity expansion. L&F gains a significant revenue stream, strengthening its competitive position in the cathode market.

1 articles