【SMM Metal Morning Ginseng】Metals were mixed, and Lunxi fell more than 2% | Analysis of the development of the global aluminum industry | List of May Day metal industry chain holidays
》2024 SMM 19th Aluminum Conference Successfully Concluded Analysis of the Development of the Global Aluminum Industry
►Mining giants issued a merger and acquisition request, London copper broke through 10,000 yuan/ton [SMM copper morning meeting minutes]
►The overseas import window is closed, and the inventory of aluminum ingots is still going to the warehouse [SMM Aluminum Morning Meeting Minutes]
►The contradiction between supply and demand and superimposed raw materials does not change the strong trend of short-term lead prices [SMM Lead Morning Meeting Minutes]
►Long funds leave the market, and the center of gravity of Shanghai Zinc moves downward [SMM morning meeting minutes]
►The expectation of capital disturbance still exists, and the trading volume of Indonesian tin ingots has attracted attention [SMM tin morning meeting minutes]
►The supply of raw materials for salt plants is limited, and the short-term ferronickel price is relatively stable【SMM Nickel Morning Meeting Minutes】
►Before the holiday, the downstream replenishment has been completed, and the spot price or consolidation operation [SMM Steel Morning Meeting Minutes]
►Industrial silicon transactions are stable, photovoltaic market sentiment is still weak [SMM silicon-based photovoltaic morning meeting minutes]
In terms of the metal market:
Last Friday, overnight metal rose and fell in the internal and external disks, only Shanghai copper, Shanghai aluminum and Shanghai lead recorded varying degrees of rise, of which Shanghai aluminum rose the most, led by 0.85% of the rise, recorded four consecutive yang; Shanghai tin bore the brunt of the decline of up to 1.4%, Shanghai nickel fell 0.87%; external disk, London copper, London zinc and London nickel rose together, of which London copper in the last Friday during the day once rushed to 10033.5 US dollars/ ton, a new high since April 2022, and then the gains narrowed, and finally led the external base metal with a 0.96% increase. Lunxi fell 2.2%, and London lead fell 0.16%. Alumina rose 2.07% in a row.
In the black series, iron ore led the decline with a decline of 0.57%, and stainless steel fell by 0.42%. In terms of double coke, coking coal rose 0.53% and coke rose 0.58%.
In precious metals, COMEX gold futures managed to hold on to gains on Friday, closing up 0.3%, while COMEX silver fell 0.47%. Shanghai Gold rose 0.59%, and Shanghai Silver rose 0.31%.
Overnight closing market as of Friday, April 28
》SMM metal spot price on April 26
Macroscopic
On the USD front: The dollar index rose on Friday after the release of inflation data and ended up 0.48%. The data showed that the US personal consumption expenditures (PCE) price index rose 0.3% month-on-month in March, in line with expectations, and rose 2.7% year-on-year versus 2.6% expected. Following the release of inflation data, the U.S. interest rate futures market is pricing in a 58% chance of a Fed rate cut at its September meeting, down from 68% a week ago, according to CME Group's FedWatch tool. The probability of a rate cut in December is more than 80%.
In terms of data:
This week, China's official manufacturing PMI for April, the global manufacturing PMI for April will be released after the seasonally adjusted data, the United States, the upper limit of the federal funds rate target for May, the March trade balance, the number of initial jobless claims for the week ended April 27, the April unemployment rate, the seasonally adjusted change in manufacturing employment in April, the Chicago PMI for April, the Conference Board consumer confidence index for April, the ADP employment change in April, the final SPGI manufacturing PMI, ISM manufacturing PMI and other data; Industrial Sentiment Index, Final Consumer Confidence Index in April, Core Harmonized CPI YoY in April, Preliminary Seasonally Adjusted GDP YoY in Q1, Unemployment Rate in March, etc.;In Germany, the Preliminary CPI YoY in April, Real Retail Sales in Germany in March, Unemployment Rate in April, and Preliminary Q Adjusted GDP QoQ in Q1;Preliminary GDP YoY in France, Seasonally Adjusted GDP YoY in February, ANZ Consumer Confidence Index in Australia for the week ended April 28, The monthly rate of imports and exports, the trade balance of goods and services, the unemployment rate of Japan in March, the unemployment rate of New Zealand in the first quarter, and the final SPGI manufacturing PMI in April of the United States, France, Germany, the United Kingdom and the euro area will also be released.
Note: This week's May 1st ~ May 5th coincides with the May Day holiday, and the China Shanghai Futures Exchange, DCE, Zheng Commercial Exchange, and Shanghai Gold Exchange will conduct night trading on the evening of April 30. The Shanghai, Shenzhen, Beijing Stock Exchange and domestic futures exchanges will open as usual from May 6 (Monday).
In addition, the Federal Reserve will announce its interest rate decision, Chair Powell will hold a monetary policy press conference, and the Central Bank of Turkey will release the latest minutes.
Crude oil: Oil prices in both markets closed higher overnight on Friday, supported by tensions in the Middle East, but a stronger dollar and U.S. inflation data dampened hopes that the Federal Reserve will cut interest rates soon, limiting oil price gains, with U.S. oil up 0.11% and Brent up 0.33%.
》Crude oil rose, metals were mixed, Lunxi fell more than 2%, and the black system was weak [overnight market]
List of total inventories of LME base metal warehousing on April 26 (unit: ton)
List of LME base metal registration and cancellation of warehouse receipts on April 26 (unit: ton)
On April 26, the SMM imported copper concentrate index (weekly) was reported at $4.11/ton, a decrease of $0.12/ton from $4.23/ton in the previous period. Due to the rapid increase in Shanghai copper prices and the shortage of copper concentrate supply during the month, the pricing coefficient of 20% grade domestic trade ore rose to 91.5%-93.5% accordingly.......》Click for details
[SMM analysis: although this round of copper prices hit a new high, but Jiangsu showed a trend of destocking] April 22 ~ April 26 in the week of spot premium as scheduled, even though copper prices hit a new high this Friday, but the overall consumption did not show a significant decline. Jiangsu and Guangdong and other processing enterprises in dense areas of inventory is a more obvious inflection point, or will become the end of the current round of the base cycle of the signal, the following is the specific analysis ......." click to view details
[SMM analysis: raw material prices continue to rise, the market is bullish on aluminum fluoride prices next month] fluorite prices continue to rise due to tight market supply, sulfuric acid prices remain stable, aluminum fluoride enterprises production costs continue to rise, according to SMM, due to the rising price of fluorite, production pressure, some enterprises are in a state of loss. At present, the social inventory of aluminum fluoride is low, supported by the increase in price at the cost end, SMM expects that the price of aluminum fluoride will increase to a certain extent next month.......》Click to view details
[SMM Aluminum Downstream Weekly Survey: Mexico Imposes Tariffs on Chinese Aluminum Products, Plates, Strips, Alloys and Other Plates May Be Impacted] In the week of April 22 ~ April 26, the operating rate of domestic aluminum downstream processing leading enterprises increased by 0.2 percentage points month-on-month to 64.4%, down 1.1 percentage points compared with the same period last year. See ...... by section" Click to view details
【Aluminum Conference | On April 25, at the 2024 SMM (19th) Aluminum Conference and the First Aluminum Industry Expo - Aluminum Development Forum for the Construction Industry hosted by SMM, Yao Kexin, senior analyst of SMM aluminum products, said that in 2023, real estate support policies such as guaranteed delivery of buildings and urban village renovation have achieved outstanding results, and the rapid development of the new energy industry will be superimposed, and the domestic aluminum output will reach 22.44 million tons, an increase of 11.6% year-on-year. Among them, the output of building profiles was 11.69 million tons, an increase of 1.4% year-on-year, and the gap between the output of industrial profiles and building profiles was further narrowed. Affected by the downturn of the real estate industry in 2024......》Click here for details
According to a survey by Shanghai Nonferrous Metals Network (SMM), the weekly operating rate of SMM recycled lead in the four provinces this week (April 20-April 26) was 46.72%, an increase of 0.06 percentage points from last week...... Although the current lead price is high and the recycling profit still exists, it cannot be offset by the small amount of waste battery replacement, and the procurement cost pressure is high.......》Click to view details
【SMM Analysis: How to arrange the holiday of zinc oxide enterprises near May Day?】Approaching the May Day holiday, SMM conducted a survey on the holiday situation of zinc oxide enterprises, and 19 zinc oxide samples were surveyed this time, involving a total production capacity of 375,000 tons/year, of which 12 enterprises chose to produce normally during the May Day period, mainly because of the rotary kiln process used by zinc oxide manufacturers......》Click to view details
[SMM analysis: how is the start of zinc downstream near May Day?] Approaching the May Day holiday, the demand for storage for the May Day holiday of some enterprises has increased, and the three major sectors of zinc downstream have started to improve slightly, the specific situation is as follows......》Click to view details
[SMM analysis: the operating rate of refined tin smelting enterprises in Yunnan and Jiangxi fell slightly, and the overall supply side performance was stable] According to the research of Shanghai Nonferrous Metals Network (SMM), the total operating rate of refined tin smelting enterprises in Yunnan and Jiangxi was 61.60% in the week of April 22 ~ April 26...... "Click to view details
[SMM Weekly Observation: The price of cobalt products has fallen collectively, and the oversupply situation of electrolytic cobalt market may widen? ] April 22 ~ April 26 in the week of cobalt market product prices mostly maintained a downward trend, spot prices a "green oil", especially electrolytic cobalt quotation fell the most obvious, the week fell by a total of 3,500 yuan / ton, and due to the upstream to maintain a high operating rate but the downstream demand is weak background, the trend of oversupply of electrolytic cobalt or will be expanded...... SMM has sorted out the price changes of spot products in the cobalt market this week, as follows: ......》Click here for details
[SMM Analysis: Interpretation of the Implementation Rules for Automobile Trade-in Subsidy] Implement the spirit of the Notice of the State Council on Printing and Distributing the Action Plan for Promoting Large-scale Equipment Renewal and Consumer Goods Trade-in (Guo Fa [2024] No. 7), and in accordance with the requirements of the Notice of the Ministry of Commerce and Other 14 Departments on Printing and Distributing the Action Plan for Promoting the Trade-in of Consumer Goods (Shang Ji Fa [2024] No. 58), better implement the ....... of the automobile trade-in subsidy policy".
[SMM analysis: scrap prices rise slightly under the upstream and downstream game] The average nickel-cobalt-lithium coefficient of SMM ternary battery powder in the week of April 22 ~ April 26 was 75%, and the nickel-cobalt-lithium coefficient of ternary electrode powder was 77%. The average price of lithium iron electrode powder is 4,700 yuan/lithium point, and the average price of lithium iron battery powder is 4,500 yuan/lithium point. The cobalt-lithium coefficient of lithium cobalt oxide electrode powder is 77%, and the cobalt-lithium coefficient of lithium cobalt oxide powder is 75%.......》Click to view details
[SMM analysis: what is the demand expectation for ternary materials to rise in April?] On the supply side, material manufacturers produced according to orders in April, and at the end of April, battery factories made certain adjustments to the order scheduling in May, so due to the weakening of power market demand in May, the production linkage of ternary material enterprises weakened. There may be a certain decline in output compared with April.....》Click for details
Recently, the Ministry of Commerce, the Ministry of Finance and other 7 departments issued a notice on the issuance of the "Implementation Rules for Automobile Trade-in Subsidy"] Recently, the Ministry of Commerce, the Ministry of Finance and other 7 departments issued a notice on the issuance of the "Implementation Rules for Automobile Trade-in Subsidy". The notice specifies that relevant detailed subsidy regulations will be issued for passenger cars: from the date of issuance of the detailed rules to December 31, 2024, individual consumers will scrap fuel passenger vehicles with emission standards of China III and below or new energy passenger vehicles registered before April 30, 2018 (including that day, the same below), and purchase new energy passenger vehicles or fuel passenger vehicles with a displacement of 2.0 liters and below that are included in the Ministry of Industry and Information Technology's "Catalogue of New Energy Vehicle Models for Reduction and Exemption of Vehicle Purchase Tax......." Click here for details
JinkoSolar announced that at around 15 pm on April 26, 2024, a fire broke out on the roof of the first phase of the sliced battery workshop of Shanxi JinkoSolar No. 2 Intelligent Manufacturing Co., Ltd., a wholly-owned subsidiary of JinkoSolar Co., Ltd., causing a fire accident. After the incident, SMM quickly conducted an investigation and analyzed the impact of the accident on market supply. According to SMM research, at present, JinkoSolar's own battery supply problem will not bring much to the battery market supply for the time being...."Click to view details
On April 24, the U.S. PV Manufacturing Trade Council Alliance submitted a series of anti-dumping and anti-circumvention petitions to the U.S. International Trade Commission (USITC) and the U.S. Department of Commerce to investigate the illegal trade practices of products in Cambodia, Malaysia, Thailand and Vietnam that could harm the U.S. PV industry. The companies surveyed will be mainly Chinese PV companies. The products involved in the new application are crystalline silicon photovoltaic cells from Cambodia, Malaysia, Thailand and Vietnam, whether assembled into modules or not......." Click here for details
[SMM analysis: What is the reason behind the 32% year-on-year drop in new PV installations in March 2024?] In March 2024, the new domestic PV installed capacity was 9.04GW, down 32% year-on-year and 42.4% month-on-month. From January to March 2024, the total installed capacity of domestic PV was 45.74GW, a year-on-year increase of 35.9%. The new domestic PV installed capacity in March was the first year-on-year decline in two years, which was undoubtedly slightly contrary to expectations. What exactly is the reason behind it.......》Click here for details
According to SMM statistics, the national social inventory of industrial silicon totaled 364,000 tons on April 26, a decrease of 3,000 tons from the previous week. Among them, the social general warehouse was 106,000 tons, a decrease of 1,000 tons from the previous week, and the social delivery warehouse was 258,000 tons (including the part of the unregistered warehouse receipt), a decrease of 2,000 tons from the previous week.......》Click to view details
According to SMM research, the weekly output of sample silicon enterprises in Xinjiang (accounting for 79% of production capacity) was 36,945 tons, and the weekly operating rate was 97%, which was slightly higher than last week. The weekly output of Yunnan sample silicon enterprises (accounting for 30% of the production capacity) was 3,695 tons, and the weekly operating rate was 43%, which was basically the same as last week. The weekly output of Sichuan sample silicon enterprises (32% of production capacity) was 1,000 tons, and the weekly operating rate was 15%, which was the same as last week.......》Click to view details
[SMM analysis: stainless steel out of the trough disk continued to stabilize and rise again] April 22 ~ April 26 the week of SS contract wide shock, as of April 26 closing price of 14395 yuan / ton, compared with last Friday's closing price of 14405 yuan slightly down 10 yuan / ton, spot prices synchronous first rise and then fall, April 26 SMM Wuxi area 304 cold-rolled burr coil price of 14050-14350 yuan / ton, compared with last week still 100-150 yuan increase ......." Click here for details
[SMM analysis: stainless steel spot prices fluctuate and inventory and current raw material profits begin to invert] April 22 ~ April 26 The week of stainless steel spot prices fluctuated, and the inversion of inventory and current raw material profits deepened simultaneously. This month, the audit speed of Indonesian RKAB has slowed down, the mine end has not yet been increased, and the downstream transaction is currently affected by the high price of nickel ore, and the transaction sentiment is weak, and the price of nickel ore is temporarily stable this week......" Click to view details
According to China Customs statistics, China's high-carbon ferrochrome imports in January 2024 were 351,700 tons, an increase of 129,400 tons, or 58.18%, month-on-month, and a year-on-year increase of 102,900 tons, or 86.1%. In February 2024, China's high-carbon ferrochrome imports were 249,500 tons, a decrease of 102,300 tons, or 29.1%, month-on-month, and a year-on-year decrease of 10,000 tons, or 86.1%. From January to February 2024, China's total imports of high-carbon ferrochrome were 3.2417 million tons, a year-on-year decrease of 28,500 tons, or 10.27%. From January to February, China imported 305,900 tons of high-carbon ferrochrome from South Africa......》Click to view details
[SMM analysis: silver prices fell at the beginning of this week, and the downstream ushered in the "order week"] April 22 ~ April 26 At the beginning of the week........, due to the slowdown in geopolitical turmoil in the Middle East and the strong labor data in the United States, the bulls' sentiment eased, and the positions fled, silver prices began to fall, and the bears ushered in a carnival period
In 2023, affected by factors such as slow demand recovery, high fluctuations in raw fuel prices, and continued low steel prices, the mainland's steel supply is stronger than demand, with an annual crude steel output of 1.019 billion tons, the same as the previous year, while the apparent consumption of crude steel is 933 million tons, down 3.5% year-on-year......
【SMM Analysis: Review of the High Purity Manganese Sulfate Market in the First Quarter and Market Outlook】The market trend of high purity manganese sulfate: Combined with the situation in recent April, the output of precursors increased slightly, and the overall supply and demand pattern eased, but it still remained tight. It is expected that in May, the output of precursors will rise, driving the demand for high-purity manganese sulfate to improve, and the price will rise, but the situation of oversupply in the high-purity manganese sulfate market is still difficult to change. In the context of long-term overcapacity......》Click for details
[SMM analysis: how will the market develop in the future, ...... the price of ferro-molybdenum at this stage is not way for us to purchase according to the production plan
[SMM analysis: magnesium ingot exports in the first quarter of 2024 performed well, increasing by 50.6% year-on-year] According to customs statistics, China's magnesium ingot exports in the first quarter of 2024 were 74,387 tons, an increase of 38.4% year-on-year. China's magnesium ingot exports in March 2024 were 30,318 tons, an increase of 50.6% year-on-year and 71.1% month-on-month......》Click to view details
[SMM analysis: terminal demand is sluggish, titanium dioxide market weak adjustment operation] April 22 ~ April 26 the week of titanium dioxide market price basically stable operation, this week rutile titanium dioxide market mainstream transaction price in 16200-17500 yuan / ton, anatase titanium dioxide market mainstream price of 15000-15500 yuan / ton, some small factories or traders slightly reduced the price ...... click to view details
[SMM Analysis: Can the Rare Earth Market Price Continue to Operate Strongly in the Future Market of Holders?] At present, the activity of rare earth market inquiries is still high, and the quotation of oxides continues to increase under the condition that the upstream mine end is frequently good news and the low-price supply is further tightened......》Click to view details
【SMM Analysis: Multiple Factors Affect Rare Earth Metal Prices Rise Strongly】Rare earth metal prices continued to rise in the week of April 22 ~ April 26, as of this Friday, praseodymium neodymium metal rose by 15,000 yuan/ton, reaching 495,000-500,000 yuan/ton, dysprosium rose by 70,000 yuan/ton, reached 2.04 million yuan/ton, and terbium metal rose by 150 yuan/kg, reaching 8060-8100 yuan/kg......》Click to view details
►China's imports of copper ore and its concentrate in March were 2.33 million tons [SMM analysis]
►Smelter limited collection of anode plates Recycled rod factory re-production of recycled rods [SMM analysis]
►In March, the import and export of copper pipes continued to increase year-on-year in April, and it is expected to continue to improve [SMM analysis]
►From a multi-faceted perspective: why is the operating rate of copper prices stabilized?
►Why did the operating rate of refined copper rod rebound due to high copper prices inhibiting consumption?
►Recycled copper supply declines It is expected that the throughput of recycled copper in Linyi Metal City will decline this week [SMM analysis]
►In March, the month-on-month growth rate of copper enameled wire exports hit a new high in recent years, and it is expected to remain in April [SMM analysis]
►This week, the copper price broke through 80,000 yuan/ton, and the operating rate of cable enterprises fell as expected [SMM analysis]
►The weekly operating rate of aluminum cables has been slightly raised, and the production of photovoltaic orders has a trend of improving [SMM analysis]
►Alumina: Spot prices have risen significantly under the mismatch between supply and demand in the stage.
►Jinyu domestic mines still have no clear resumption plan, and the CIF price of imported mines has a certain upward momentum [SMM Weekly Review]
►How does the investment status of the power grid drive zinc consumption in 2024 [SMM analysis]
► After the announcement of the "reverse invoicing" policy, what is the current attitude of the recycled lead industry?
►The May Day holiday is approaching, what is the production holiday arrangement of die-casting zinc alloy and zinc oxide enterprises?
►Raw material influence points and linkage relationship in the price of activated zinc oxide [SMM analysis]
►How to judge the trend of nickel prices in the future market due to macro disturbance of non-ferrous disks?【SMM Analysis】
►[SMM Analysis] The United States has taken a "big step" in accelerating the licensing of transmission projects
►[SMM Analysis] Intel returns to the automotive business, and chip technology is a killer feature
►[SMM Analysis] China's lithium hydroxide exports increased significantly month-on-month in March 2024
►[SMM Analysis] Cathode material settlement and profit mechanism sharing
►[SMM Analysis] In March, the import volume of coal-based needle coke increased sharply, and the export volume of oil-based needle coke rose
►[SMM Analysis] Giga Storage's deployment of Europe's largest battery energy storage project was approved
►Phosphoric acid prices continue to rise, and the end of the month is approaching the iron phosphate bidding and negotiation atmosphere【SMM Weekly Review】
►Downstream demand is difficult to improve, polysilicon continues to decline [SMM Weekly Review]
►[SMM Statistics] Single-week calibration capacity of 11.36GW Three Gorges 9GW centralized procurement calibration N-type procurement ratio of 95%!
►The market is traded on demand, and the spot price of silicon is sideways [SMM Weekly Review]
►Downstream demand is difficult to improve, polysilicon continues to decline [SMM Weekly Review]
►Chrome ore imports reached 1.6471 million tons in March, demand increased, and mine prices were strong and difficult to change [SMM analysis]
►【SMM Analysis】Is the production process of manganese sulfate cumbersome? Understand in one article (including graphic analysis)
►【SMM Analysis】Mainstream Market Analysis of Electrolytic Manganese Dioxide - Zinc-Manganese Battery
►New projects are landed, and the manganese price is running strongly【SMM Analysis】
►[SMM Analysis] When will the new round of external disk be settled when the price of manganese ore is running at a high level?
►China's exports of magnetic materials increased by 26% month-on-month in March [SMM analysis]
►[SMM Announcement] Announcement of 13 new price points such as waste photovoltaic modules
►[SMM Announcement] Added a weekly price point announcement for nickel and cobalt slag coefficient
Shibor: 1.8790% overnight, up 3.30 basis points. The 7-day trade was at 1.9120%, up 2.70 basis points. The 3-month was 1.9930%, down 0.60 basis points.
On April 26, the State Administration of Taxation issued an interpretation of the announcement of the State Administration of Taxation on matters related to the "reverse invoicing" of resource recovery enterprises to sellers of scrapped products by natural persons. In order to implement the requirements of the Notice of the State Council on Printing and Distributing the Action Plan for Promoting Large-scale Equipment Renewal and Trade-in of Consumer Goods (Guo Fa [2024] No. 7) and implement the "reverse invoicing" of resource recycling enterprises to sellers of scrapped products by natural persons, on April 25, the State Administration of Taxation issued the Announcement of the State Administration of Taxation on Matters Concerning the "Reverse Invoicing" of Resource Recovery Enterprises to Sellers of Scrapped Products by Natural Persons (No. 5 of 2024, hereinafter referred to as Announcement No. 5). The interpretation is as follows: ....... click to view details
[Chile's Codelco copper production fell 10% year-on-year in the first quarter] Wenhua Finance According to foreign power on April 26, the world's largest copper producer, Chile's National Copper Company (Codelco), announced on Friday that copper output in the first three months of this year was 295,000 tons, down 10% from the same period last year. Codelco has been working hard to increase production, but due to delays, cost overruns and accidents, its production has fallen for the second year in a row to its lowest level in 25 years.......》Click here for details
BHP Billiton is considering raising its offer to Anglo American, citing Reuters, the Financial Associated Press said that after BHP's initial $39 billion takeover offer to Anglo American was rejected, BHP is considering a higher offer according to a source familiar with the situation. BHP Billiton is discussing a revised offer for Anglo American in the coming weeks, with deliberations still ongoing, and the group has yet to make a decision on the size and structure of the new proposal, the source said......
[Southern Copper: Net profit in the first quarter fell 9.5% year-on-year and raised 2024 copper production guidance to 949,000 tons] Southern Copper's first quarterly report showed that net sales in the first quarter of 2024 were $2,599.8 million, an increase of 13.3% compared with the fourth quarter of 2023. The increase was mainly due to higher sales volumes of copper (+9.6%) and silver (+15.3%), as well as a rebound in prices for all metals except zinc. This increase was partially offset by lower volumes of molybdenum (-1.7%) and zinc (-2.9%).....》Click for details
[London copper broke the 10,000 mark again after two years, and the bulls shouted: it can rise by another 20% to revive the supply] During the European session on Friday (April 26), the base metal prices of the London Metal Exchange (LME) generally rose, of which the 3-month copper once rose by more than 1.7%, returning to above $10,000 per ton after two years......
[Mexico Group: Southern Copper Company's copper output is expected to reach more than 1 million tons in 2027] Wenhua Finance According to foreign news on April 26, the financial director of Southern Copper, a subsidiary of Grupo Mexico, said on Friday that it is expected that by 2027, the mining division of Southern Copper will produce more than 1 million tons of copper, and pointed out that the output of its project portfolio is better than expected..... Click to view details
[IAI: Global alumina production increased to 11.967 million tons in March] According to foreign power news on April 26, data released by the International Aluminum Association (IAI) showed that the global alumina output in March was 11.967 million tons, with an average daily output of 386,000 tons. Global alumina production was revised to 11.188 million mt in February. IAI said that China's estimated alumina output in March was 6.82 million tons....." Click here for details
【Aluminum Conference | SMM: Risks and Opportunities of Overseas Investment in the Aluminum Industry] In recent years, the domestic electrolytic aluminum production capacity ceiling policy and overseas demand expectations have promoted the investment in overseas electrolytic aluminum projects, but how to avoid over-reliance on the coal-fired aluminum model is worthy of serious consideration by industry enterprises. On April 25, at the 2024 SMM (19th) Aluminum Conference and the First Aluminum Industry Expo - Electrolytic Aluminum and Raw Materials Forum hosted by SMM, Wang Yanchen, Executive Director of SMM London Office, expressed his professional opinions on the risks and opportunities of overseas investment in the aluminum industry....... Click to view details
On April 26, the commissioning ceremony of Albemarle Sichuan's 50,000-ton-per-year lithium hydroxide lithium battery material project was held in Pengshan Economic Development Zone. As one of the world's top 100 chemical companies, Albemarle is a leader in the energy storage, specialty chemicals and refining catalyst markets. The Albemarle Sichuan lithium hydroxide lithium battery material project with an annual output of 50,000 tons is the largest fixed asset investment project of Albemarle in China so far, with a total investment of 900 million US dollars.......》Click to view details
As the prices of the PV industry chain continue to bottom out, the impact of price reductions began to officially appear in the first quarter of this year. On the evening of April 26, GCL Integration (002506. SZ) released its 2023 financial report, which mentioned that the planned operating income in 2024 will increase by more than 50%, and the revenue growth rate will be lower than that in 2023......" Click to view details
[Huiyun Titanium Industry: Net profit in 2023 will increase by 189.59% year-on-year, and the sales volume of titanium dioxide will exceed 100,000 tons] The 2023 annual report released by Huiyun Titanium Industry shows that in 2023, in the face of a complex and changeable market, the company will actively take measures to deal with it, and carry out multi-dimensional synchronization from three aspects: expanding sales, reducing costs and increasing efficiency, and raising and investing projects, and has completed the performance growth well. In 2023, the sales volume of titanium dioxide will exceed 100,000 tons, reaching 107,000 tons, a year-on-year increase of 28.16%, the operating income will be 1.652 billion yuan, a year-on-year increase of 9.22%, and the net profit attributable to the owners of the parent company will be 41.038 million yuan, an increase of 189.59% over the previous year.......》Click to view details
[Reprint needs to keep the source - Shanghai Nonferrous Metals Network]
►Industry leaders are discussing how to combine new quality productivity and sustainable development
►Yun Aluminum Co., Ltd.: Net profit in the first quarter of 2024 increased by 31.53% year-on-year, and the output of primary aluminum increased by 23.3% year-on-year
►Aluminum Corporation of China: Net profit in the first quarter of 2024 increased by 23.01% year-on-year, and sales volume of self-produced primary aluminum (including alloys) increased by 11.39% year-on-year
►Hydro: European Aluminium and Recycling Market and Development [SMM Aluminium Conference]
►Thinking on the Development Direction of Digital Transformation of Aluminum Plate, Strip and Foil Enterprises [SMM Aluminum Conference]
[The maximum subsidy is 10,000 yuan!Henan Province's automobile "trade-in" strategy is here→] Fei Quanfa, the second-level inspector of the Henan Provincial Department of Commerce, introduced that in 2023, the province's new car sales will be 2 million, the total ownership will reach 22 million, and 267,000 scrapped vehicles will be recycled and dismantled. "We encourage the replacement of old cars with high energy consumption, high emissions, long service life and potential safety hazards with new energy vehicles or energy-saving vehicles. (Zhengzhou release) .......》Click to view details
[Chongqing: By the end of 2023, a total of 3.66GW of new energy installed capacity has been built] On April 22, the Chongqing Municipal Development and Reform Commission issued the "Reply Letter of the Chongqing Municipal Energy Bureau on the Handling of Recommendation No. 0173 of the Second Session of the Sixth Municipal People's Congress". The document points out that Chongqing's wind and solar energy resources belong to the national Class IV region, mainly concentrated in Fengjie and Shizhu districts and counties in northeast and southeast Chongqing. Since the "14th Five-Year Plan", Chongqing has launched the "Wind and Solar Multiplication Plan", compiled a renewable energy development plan, and formulated an annual wind power and photovoltaic new energy development and construction plan ......." Click here for details
[Cui Dongshu: The release of the implementation rules for the car trade-in subsidy is a major positive for the auto market] On April 27, Cui Dongshu, secretary general of the passenger association, issued a document saying that consumers have paid attention to the trade-in policy since the Spring Festival, and expected the policy to bring benefits to car purchases, so the implementation of the policy is a major benefit to the car market, and it is expected that the total amount of scrap should reach nearly 10 million scale, and the car trade-in subsidy will bring millions of increments to the private new car consumption in the car market, and can also bring more than 100 billion yuan of annual consumption increments. (Zhitong Finance) .......》Click to view details
According to the Financial Associated Press, on April 28, the Office of the Leading Group for the Steady and Healthy Development of the Real Estate Market in Chengdu issued the "Notice on Further Optimizing the Policies and Measures for the Stable and Healthy Development of the Real Estate Market", from April 29, Chengdu's commercial housing projects will no longer implement notarized lottery selection, and will be sold by enterprises independently.......;
Nanjing, the core second-tier city, will offer a blockbuster move in the property market. The Nanjing Municipal Public Security Bureau recently issued the "Notice on Matters Concerning the Settlement of Legal and Stable Domiciles (Draft for Comments)", which mentions, "In order to implement the relevant work deployment requirements of the municipal government, deepen the reform of the city's household registration system, and orderly promote the household registration system with the place of habitual residence, the Municipal Bureau has decided to further relax the conditions for settlement, and non-Nanjing household registration personnel who have a legal and stable residence in the city and actually live in the city can directly handle the settlement." "......." Click here for details
In terms of the Financial Associated Press, (1) in the view of BMW Group Chairman Zipzer, the debut of new BMW new-generation concept cars, all-new pure electric BMW i4, all-new electric MINI Aceman, and all-new electric MINI Cooper is just an important beginning. (2) Among the many new cars brought by Mercedes-Benz, the new Mercedes-Benz pure electric G-class off-road vehicle and the first mass-produced pure electric Maybach are the most popular.......》Click for details
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