The third-generation NIO ES8 officially went on sale in China, offered in three variants.

The partners plan to advance innovation in edge AI and accelerate the deployment of powerful AI systems across a wide range of devices.

Anticipation Towards New RKAB Submission, Indonesia's Nickel Ore Price Remained Stable Upward Trend on NPI, Weaker-than-Expected Consumption Limits NPI Price Gains

[SMM Titanium Weekly: Titanium Dioxide Leads the Gains, Sponge Titanium Under Pressure, Overall Demand Awaits Realization in September Peak Season] This week, the titanium industry chain showed a divergent trend. Upstream titanium concentrate, driven by downstream titanium dioxide, edged up slightly with offers rising by 5 yuan/mt, and market sentiment was generally stable with a slight rise. Titanium dioxide rose sharply boosted by multiple factors, with sulphuric acid process products posting significant gains. Low enterprise inventory and sudden supply tightening both domestically and overseas jointly pushed up price expectations, and some enterprises have issued second price adjustment notices. However, midstream and downstream products performed weakly: titanium slag remained weak due to high costs and sluggish demand, with tender prices down MoM; sponge titanium offers fell by 1,000 yuan/mt as the weak supply-demand pattern persisted, production cuts have yet to take effect, and September peak season demand fell short of expectations; the titanium materials market was generally stable but transactions were sluggish, with downstream mostly purchasing as needed, and although prices were supported by costs, they struggled to break upward. Overall, the market remains in a structure of "strong raw materials, weak processing," and the extent to which actual September peak season demand materializes will be key to the subsequent trend.

Nickel intermediate products were affected by both nickel prices and supply-demand dynamics, with prices showing an upward trend this week.

This week, the ferrous metals series initially rose before weakening and stabilizing in the doldrums. HRC, constrained by fundamental pressures, performed worse than other varieties. The key turning point this week was the US Fed's interest rate cut. In the first half of the week, before the rate cut was implemented, macro expectations remained, coupled with rumors of a halt in Xinjiang thermal coal production, leading to a relatively strong overall performance in the ferrous metals series. In the latter half of the week, the US Fed cut interest rates by 25 basis points, with no surprises, prompting some capital to exit. From the fundamentals of finished products, rebar showed a short-term inventory turning point, while HRC inventory continued to accumulate. Under fundamental pressure, HRC's performance remained weak.