LG Energy Solution, Ltd. (373220.KS) announced that it has signed a contract worth $4.309 billion to supply LFP batteries to customers around the world. The deal covers a three-year period, from August 2027 to July 2030. Although the customer's name hasn't been shared, the contract includes options to extend the agreement up to seven years if both sides agree. It also allows for extra battery shipments under the extended terms.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.