Solus secures significant copper foil agreement with Chinese battery manufacturer

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Nov 27 2025

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Source: Yahoo Finance

Major Supply Deal: Solus Advanced Materials has signed a significant copper foil supply agreement with a leading Chinese EV battery producer, likely CATL, for 20,000 tons over five years, starting next year from its Hungarian plant.
Market Impact: The deal is expected to enhance Solus's position in the global copper foil market, increasing its client base from four to eight, with plans to add two more customers next year.
Strategic Focus: CEO Kwak Geun-man emphasized the importance of diversifying the customer portfolio in the EV and energy storage markets to improve revenue stability and profitability amid Europe's growing EV market.
Stock Reaction: Following the announcement, Solus's share price initially surged by 14% before retracting some of those gains.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.