Luda Technology signs one-year deal to supply 1,050,000 metric tons of coal
LUD•Luda Technology Group's subsidiary signed an agreement to supply 1,050,000 metric tons of Mongolian thermal coal from November 2, 2026, through November 2, 2027. The deal lifts total customer commitments to 1,490,000 metric tons, with batch prices set in RMB based on market conditions.
1. Coal supply agreement
Luda Development signed an agreement to supply 1,050,000 metric tons of Mongolian thermal coal to Shanghai Shouying Huifu Energy Development. The coal will be ordered in batches between November 2, 2026, and November 2, 2027.
2. Commitments and pricing
The deal brings total customer commitments to 1,490,000 metric tons, including 440,000 metric tons announced October 21, 2026. A matching agreement with Mongolian supplier Source Profit Link covers the same volume over the same period. Batch prices will be set in RMB based on market conditions before payment and shipment.
