Zhejiang Huayou Cobalt (SHA:603799) subsidiary Chengdu Bamo signed a framework agreement to supply EVE Energy (SHE:300014) with about 127,800 tons of ultra-high-nickel ternary cathode materials from 2026 to 2035.
The estimated supply for 2027 to 2031 accounts for 126,500 tons, according to a Wednesday filing with the Shanghai bourse.
Shares of the cobalt producer rose 2% in recent trade.
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