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YDDL
joined discussion · Feb 24 16:15

YDDL successfully signed a supply agreement in Spain, marking the start of its global expansion into the European market

$One and one Green Technologies (YDDL.US)$ The company recently announced that it has reached its first supply agreement in Europe, further expanding its business footprint from the Asia-Pacific region to the European market.
$One and one Green Technologies (YDDL.US)$ The company recently announced that it has reached its first supply agreement in Europe, further expanding its business footprint from the Asia-Pacific region to the European market. The company has signed a supply agreement with an electronic waste recycling firm headquartered in Madrid, and will procure high-quality electronic waste from Spain. This supply agreement establishes YDDL's first procurement channel in Europe, with the first shipment of 22 metric tons planned to arrive at Manila North Port. This agreement opens a new supply channel for YDDL to participate in the European electronic waste recycling market. The growth in this market is primarily driven by regulatory targets set by the European Commission, which aim for a 70% recycling rate for packaging waste by 2030. At the same time, this agreement will effectively meet the strong and sustained demand for recycled metals in the Asia-Pacific region. According to Precedence Research, the Asia-Pacific region accounted for 39% of the global copper market in 2024, making it the largest share globally. YDDL’s continued efforts to strengthen European partnerships will help connect raw material supplies from Europe with industrial demand in Asia. The company anticipates further expanding its supplier cooperation network in Europe. YDDL Chief Executive Officer Tina Yan stated, 'Building partnerships with recycled metal suppliers across Europe is one of the company's core strategic priorities...
The company has signed a supply agreement with an electronic waste recycling firm headquartered in Madrid, and will procure high-quality electronic waste from Spain. This supply agreement establishes YDDL's first procurement channel in Europe, with the first shipment of 22 metric tons planned to arrive at Manila North Port.
This agreement opens a new supply channel for YDDL to participate in the European electronic waste recycling market. The growth in this market is primarily driven by regulatory targets set by the European Commission, which aim for a 70% recycling rate for packaging waste by 2030. At the same time, this agreement will effectively meet the strong and sustained demand for recycled metals in the Asia-Pacific region. According to Precedence Research, the Asia-Pacific region accounted for 39% of the global copper market in 2024, making it the largest share globally. YDDL’s continued efforts to strengthen European partnerships will help connect raw material supplies from Europe with industrial demand in Asia. The company anticipates further expanding its supplier cooperation network in Europe.
YDDL Chief Executive Officer Tina Yan stated, 'Building partnerships with recycled metal suppliers across Europe is one of the company's core strategic priorities. This cooperation in Spain represents an important step in deepening our geographic expansion and moving towards becoming a global leader in the recycled metals industry. Europe possesses some of the highest-quality electronic waste resources globally, and our advanced copper electrolysis technology is highly suited for extracting maximum value from these premium materials. As we plan to expand our operations in Europe over the coming quarters, this will continue to create long-term value for our shareholders.'
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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