Guangzhou Futures Exchange's lithium hydroxide futures and options registration approved

China News Service, Guangzhou, November 6 (Reporter Wang Jian) ​​The China Securities Regulatory Commission issued a notice on the 6th, approving the registration of lithium hydroxide futures and options at the Guangzhou Futures Exchange (Guangzhou Futures Exchange).

Lithium hydroxide is an important basic lithium salt product and a key raw material for high-nickel ternary batteries. It can effectively increase the cruising range of new energy vehicles and meet the demand for high energy density in emerging fields such as low-altitude aircraft and embodied intelligence. As a traditional industrial basic raw material, lithium hydroxide is also widely used in chemical industry, metallurgy and other fields.

China is the world's largest producer and consumer of lithium hydroxide. China's lithium ore smelting technology is in a leading position in the world, and about 90% of the world's ore smelting and lithium extraction capacity is located in China. In recent years, the global supply and demand structure of lithium hydroxide has changed rapidly and prices have fluctuated significantly, posing certain challenges to the stable operation of the lithium battery industry.

The "15th Five-Year Plan" outline clearly proposes the steady development of futures and derivatives, and lists low-altitude economy and embodied intelligence as key directions for strategic emerging industries and future industries. The listing of lithium hydroxide futures and options is a concrete measure for the futures market to continue to build and improve the variety system and enhance financial support for green development.

Market experts believe that due to differences in downstream applications, lithium hydroxide and lithium carbonate-related industry policies, supply and demand, and development rhythms are different, and price changes have their own characteristics. The launch of lithium hydroxide futures and options will form a synergy with the listed lithium carbonate futures and options, further enriching the lithium industry risk management tools. On the one hand, this variety is expected to provide an open and transparent pricing benchmark for high-nickel ternary material-related industries and provide enterprises with precise hedging paths; on the other hand, the option tools that are listed simultaneously provide more flexible risk management methods for small and medium-sized market entities.

According to Guangzhou Futures Research Institute, while helping the lithium battery industry to stabilize the chain and ensure supply, lithium hydroxide futures are also expected to gradually become the benchmark for international trade pricing, forming a price influence that matches the scale of China's industry.

The relevant person in charge of Guangzhou Futures Exchange said that in the next step, the exchange will make solid preparations for the listing of lithium hydroxide futures and options under the guidance of the China Securities Regulatory Commission to ensure the smooth launch and stable operation of lithium hydroxide futures and options.