On June 17, the Shanghai Futures Exchange (SHFE) gave the green light for listing nickel cathode full plates produced by Huayou's second-phase facility in Zhejiang province, eastern China.
This nickel cathode, boasting a 99.96% purity, is manufactured at Huayou’s Quzhou plant, which has an annual production capacity of 30,000 tons and employs the electrowinning process. Previously, nickel cathodes from another Huayou facility in Quzhou, with a smaller capacity of 6,000 tons per year, were registered by SHFE in June 2023.
The London Metal Exchange had already approved the listing of two Huayou brands in July 2023 and February 2024.
Typically, brands registered with exchanges enjoy a premium over non-exchange-deliverable products due to their enhanced liquidity.
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