[Market Focus] Enchem Surges 12% on News of Electrolyte Supply Contract with China's CATL

Enchem is showing strong performance following news that it has signed a large-scale electrolyte supply contract with CATL, the world's leading secondary battery company based in China.

As of 9:29 a.m. on December 24, Enchem was trading at 72,400 won on the Korea Exchange, up 8,200 won (12.77%) from the previous day.

The previous day, Enchem's board of directors approved the electrolyte supply contract with CATL. The supply period runs from 2026 to 2030, during which Enchem will supply an average of 70,000 tons annually, totaling 350,000 tons. The contract is valued at approximately 1.5 trillion won based on current market prices. This amount exceeds four times Enchem's consolidated sales from last year.