# If L&F moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/landf · Facet: ripple · Updated: 2026-07-12T04:10:27.154+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, L&F is directly linked to 3 companies (0 supply, 3 revenue relationships) and reaches 11 companies within two hops; the links are backed by 8 dated sources, 2 of them primary filings (as of 2026-07-12).

L&F operates across High-nickel and LFP cathode maker. It is -4% in 2026. The demand side (avg +18%) leads the stock (-4%), so customer moves come first here. Among connected nodes the furthest ahead is Samsung SDI (+40.5%) and the furthest behind is LG Energy Solution (-9.9%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Customer concentration is extreme: its top two external customers represented 100 percent of FY2025 revenue.

## Demand chain (leading)
- T1 LG Energy Solution (https://valuechain.wiki/lg-energy-solution.md)
- T2 Tesla (https://valuechain.wiki/tesla.md)
- T3 PG&E Corporation (https://valuechain.wiki/pg-e.md)
- T3 Edison International (https://valuechain.wiki/edison-international.md)
- T2 Toyota Motor Corporation (https://valuechain.wiki/toyota.md)
- T3 Mazda Motor (https://valuechain.wiki/mazda-motor.md)
- T2 General Motors (https://valuechain.wiki/general-motors.md)
- T2 Hyundai Motor Company (https://valuechain.wiki/hyundai-motor-company.md)
- T2 Honda Motor (https://valuechain.wiki/honda-motor.md)
- T2 DTE Energy (https://valuechain.wiki/dte-energy.md)
- T3 Oracle (https://valuechain.wiki/oracle.md)
- T1 Samsung SDI (https://valuechain.wiki/samsung-sdi.md)
- T1 SK Innovation (SK On) (https://valuechain.wiki/sk-innovation.md)
- T2 Nissan Motor (https://valuechain.wiki/nissan-motor.md)
- T2 Ford Motor Company (https://valuechain.wiki/ford-motor-company.md)
- T3 Ecolab Inc. (https://valuechain.wiki/ecolab.md)
- T3 United Rentals (https://valuechain.wiki/united-rentals.md)

---
Full node: https://valuechain.wiki/landf.md · JSON: https://valuechain.wiki/landf.json