On 12 April, the London Metal Exchange (LME) issued an official announcement that the "HUAYOUgx" brand electrolytic nickel produced by Guangxi Huayou New Material Co., a subsidiary of the Group, has obtained the brand registration of LME, and can be freely delivered in more than 100 warehouses of LME around the world from now on, which marks that the electrolytic nickel produced by the company has once again gained the recognition of the international authoritative institutions, and gained the passport to enter the international market. This is another symbolic achievement after the successful registration of "HUAYOU" brand electrolytic nickel produced by Quzhou Huayou Cobalt New Material Co. It also means that under the strong combination of Quzhou base and Yulin base, and with the support of dual brands of HUAYOU and HUAYOUgx, the Group's electrolytic nickel output ranks among the top five in the world.

After more than 20 years of development, Huayou has low-cost cobalt-nickel-lithium resources, the most complete integrated industrial system in the industry, advanced manufacturing from hydrometallurgy to cathode materials, and market support covering the world's major customers, and has always adhered to the "Two Areas and Three Trends" development strategy of new cobalt materials, new lithium materials, and high-end products, industrial integration, and international operation; and practiced the "Two Clusters and Two Bases" development mode of enterprise cluster, project agglomeration, integration-based and park-based; and pushed forward the development model of "Six Integration" for short-range processes, large-scale equipments, automation of production lines, intelligent manufacturing, digitalisation of operations, and greening of industries. "We will continue to improve the intelligent manufacturing capability and cost control level, provide customers with more competitive products and services, and promote the company's high-quality development with new quality productive forces .

Since electrolytic nickel has been put into operation, the production process has been optimised continuously, the quality of the products has been improved continuously, and received praise by customers in the domestic market. In order to further consolidate the foundation of brand, enhance the corporate image and brand value and improve product competitiveness, the company actively promotes the registration of nickel brand on the London Metal Exchange (LME). On the basis of the successful application of Quzhou Huayou in the previous period, the electrolytic nickel registration working group actively communicates and efficiently collaborates with all the relevant parties, and successfully obtains the certificate of registration on the LME after four months of hard work. This is an important measure for the company to hedge against the fluctuation of global nickel metal prices and improve its ability to resist market risks.

It is reported that LME is the world's largest base metal futures trading market and the central market for global metal trading, which directly determines the global non-ferrous metal prices to a certain extent and is the stage for global metal industry and enterprises to compete.