Shanghai Yashi has officially announced a significant development in its operations with the signing of a major purchase and sales contract. During the 18th meeting of its 3rd Board of Directors session on February 6, 2024, the company passed the “Motion on Signing of Significant Purchase and Sales Contracts”. This resolution paves the way for Shanghai Yashi to enter into a strategic agreement with Alcoa World Alumina LLC (AWA LLC), a prominent aluminum company based in the United States, and Shanxi Aokaida Chemical Co., Ltd.
Under this agreement, Shanghai Yashi is set to purchase and sell a substantial volume of bauxite ore, amounting to 1,080,000 wet tons. This move is expected to significantly impact the company’s supply chain and operational capabilities, marking a notable advancement in its strategic growth and resource acquisition efforts. 
