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Luda signs agreements for 440,000 metric tons of Mongolian coal supply to Chinese customers
LUDLuda Technology Group Ltd
Luda Technology Group Limited entered into agreements with two Chinese customers to supply an aggregate of 440,000 metric tons of thermal coal over one year. The contracts require delivery of 20,000 metric tons per customer by November 30, 2026, and the remaining 200,000 metric tons per customer through October 14, 2027. Luda has also secured a supply agreement with a Mongolian entity to source coal from Tsogttsetsii, South Gobi Province. The agreements do not fix unit prices or total contract values; pricing is subject to market conditions and confirmation for each batch. This move marks the company's expansion into commodity trading as it seeks to diversify revenue streams beyond its core manufacturing operations. Luda Technology Group Limited is a manufacturer and trader of stainless steel and carbon steel flanges and fittings products.