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Luda Technology enters Mongolia-China coal trading with 440,000 tons supply deals, aiming broader commodity strategy.

Market News
21 Oct 2026
GlobeNewsWire
View Source
Bullish
Luda Technology enters Mongolia-China coal trading with 440,000 tons supply deals, aiming broader commodity strategy.

Luda Technology Group has begun trading Mongolian thermal coal to China, securing agreements to supply 440,000 metric tons over a year. This marks the company's expansion from steel products into commodity trading, focusing initially on coal with plans to explore other energy and mineral commodities. Luda acts as intermediary between Mongolian suppliers and Chinese buyers, establishing operational frameworks for quality and logistics. The move aims to diversify revenue and build a scalable trading platform, with future growth dependent on market demand and regulatory factors.

Luda Technology Group's new coal trading venture is presented here with Pluang's market snapshot as of Oct 21, 2026 18:51 WIB. On that day, 83 of 150 US stocks traded on Pluang rose while 59 fell. Notable movers include ASE Technology Holding Co Ltd at USD 42.11 with a 3.29% increase and Nokia Corp at USD 9.31 with a 3.22% increase.

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