South Korea’s SK Nexilis Company will supply LG Energy Solution Company with up to KRW 3 trillion worth of copper foil for EV batteries over 5-6 years. This follows a five-year hiatus due to trade secret disputes in 2020. The deal signifies a shift away from Chinese supply chains towards US expansion. The companies’ relationship has improved under new management, influenced by the US decoupling from China. While an agreement has not been confirmed, talks have taken place between SK Nexilis and LGES.

Read more at Yahoo Finance: LGES signs new copper foil deal with SK Nexilis