On June 2, Yahua Group announced that its board of directors had reviewed and approved a proposal to apply to the Guangzhou Futures Exchange for the qualification as a designated delivery warehouse for lithium hydroxide, and authorized the management to submit the application materials. This move aims to integrate the spot market, futures market, and delivery warehouse to enhance risk resistance and competitiveness, expand business channels, and improve profitability. This matter is subject to review and approval by the Guangzhou Futures Exchange and thus involves uncertainties.
Edited by Cassie Li, lixiangying@mysteel.com
