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Luda Technology expands Mongolia-China coal trade with 1.05M ton deal with Shanghai Shouying Huifu.

Market News
09 Nov 2026, 16:00 WIB
GlobeNewsWire
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Bullish
Luda Technology expands Mongolia-China coal trade with 1.05M ton deal with Shanghai Shouying Huifu.

Luda Technology Group's subsidiary signed a one-year coal supply deal to deliver 1.05 million metric tons of Mongolian thermal coal to Shanghai Shouying Huifu Energy Development. This deal adds to an existing 440,000-ton commitment, bringing total coal trade volume to 1.49 million tons. Coal will be sourced from Mongolia's Ikh Gobi plant and delivered to Inner Mongolia, China, with pricing set per batch based on market conditions. The expansion reflects growing confidence in Luda's coal trading capabilities and supports its broader strategy to grow in energy and mineral commodities trading.

Luda Technology Group's coal trading expansion provides context for Pluang's market snapshot. As of Nov 09, 2026 19:51 WIB, out of 150 priced US stocks on Pluang, 115 rose and 33 fell. Among notable movers, American Airlines Group Inc (AAL) rose 3.79% to USD 13.68 with a typical hold time of 59 days, Freeport-McMoRan Inc (FCX) increased 3.75% to USD 61.65 with a 71-day hold, and Advanced Micro Devices (AMD) gained 3.71% to USD 465.69 with a 94-day hold time.

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