[Featured Stock] L&F Rises Over 6% on 7 Trillion Won Anode Material Supply Contract

[Asia Economy Reporter Minji Lee] L&F continued its upward trend in the stock market on the 19th.

As of 2:20 PM that day, L&F was trading at 264,000 KRW, up 6.5% from the previous trading day. The company showed a weak trend early in the session, dropping to the 230,000 KRW range, but soon rebounded and surged to 275,000 KRW during the session.

The stock price rise is analyzed to have been driven by news that L&F signed an agreement with LG Energy Solution for a 7 trillion KRW scale transaction of anode materials. The agreement size is 741.21% of last year's consolidated sales, and the agreement period is from January 1, 2023, to December 31, 2024. The agreement amount may vary depending on changes in sales volume, and the sales price is based on the most recent price of the product.