Guangqi Exchange visits the Lithium Industry Branch

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On May 21, Vice General Manager Leng Bing of the Guangzhou Futures Exchange visited the China Nonferrous Metals Industry Association Lithium Branch. During the meeting, both parties focused on exchanging views on the industrial operation trends and medium- to long-term development prospects of core new energy products such as lithium carbonate, industrial silicon, and polysilicon. They also discussed in depth the industry's risk management needs and innovative ways for the futures market to serve the real economy. Currently, industry enterprises participate in the futures market at a relatively high level, and futures tools have already played a positive role in stabilizing enterprise procurement and sales prices and responding to market fluctuations. Both sides agree that the global new energy industry still has enormous demand potential, with growth momentum in emerging fields such as energy storage and overseas new energy vehicles continuing to be released. The industry’s demand for price stability expectations and standardized industry development is becoming increasingly urgent. The price discovery and hedging functions of the futures market will effectively help the industry achieve steady and healthy development. Both sides stated that they will continue to strengthen cooperation and jointly promote the listing of futures for lithium hydroxide and other lithium battery industry chain products. (China Nonferrous Metals Industry Association Lithium Branch)
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