[Lithium battery: CATL signs ~RMB 2.1bn cathode copper supply deal to secure copper foil feedstock]
CATL announced on Sep 30 that its wholly owned unit Hong Kong Times New Energy will purchase 20,000 tonnes of cathode copper from an affiliate for up to USD 320 million (about RMB 2.145 billion), with deliveries from Jan 2027 to Dec 2028 and a USD 100 million prepayment due in Dec 2026. Cathode copper is the key raw material for lithium battery copper foil. CATL said the deal aims to secure stable supply and optimize procurement costs amid growing power and energy storage battery shipments.