# Lotte Aluminum signs $795M supply contract with Choil Aluminum

Lotte Aluminum signed a long-term purchase contract worth 1.04 trillion won ($795 million) with Choil Aluminum to receive aluminum strips, a key material for cathode foil, until 2027.

- Type: Contract
- Announced: 2022-12-12
- Where: South Korea
- Value: $795.0M
- Status: announced
- Products: aluminum strips for cathode foil
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Lotte Aluminum](https://endata.com/companies/67284.md) (customer)
- [Choil Aluminum](https://endata.com/companies/67285.md) (supplier)

## Sources

- [kedglobal.com](https://www.kedglobal.com/us/batteries/newsView/ked202212130002), 2022-12-13: "We will contribute to establishing a stable global battery material supply chain by securing solid raw material supplies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.