Luda Technology plans commodity trading expansion beyond coal
LUD•Luda Technology Group plans to start cross-border commodity trading with agreements covering 440,000 metric tons of Mongolian thermal coal for two Chinese customers over one year.
1. Coal trading agreements
Luda Technology Group plans to build a cross-border commodity trading business, beginning with Mongolian-China coal trading. It will act as an intermediary for two Chinese customers under agreements covering 440,000 metric tons of thermal coal over one year. Each customer is to receive 20,000 metric tons by November 30, 2026, followed by 200,000 metric tons by October 14, 2027. Batch prices will depend on market conditions and be confirmed before payment and shipment.
2. Potential expansion
The company said future expansion could target energy, metals and minerals, subject to market demand, supplier relationships, financing, regulatory considerations and transaction economics.
