Data: SHFE, DCE market movement (Feb 12)

[SMM Brass Billet Express] This week (February 6–February 12), the operating rate of the brass billet industry fell 6.09 percentage points MoM to 40.31%, and production activity pulled back. As the Chinese New Year holiday approached, new orders from downstream sectors cooled significantly, and enterprise production pace continued to slow down. The industry will fully enter holiday mode next week, and the operating rate is expected to drop to 0%. Attention will be paid to post-holiday work resumption and demand recovery.

【SMM News Flash】Louis Watum Kabamba, the Minister of Mines of the Democratic Republic of the Congo, stated that if the mineral cooperation framework with the US fails to yield concrete projects, the country will seek other partners. "Everything we have done with the US is a framework under which we will discuss issues of mutual interest. That is all." "It could become a very good large project. It could also become another project in which they are not interested. We will move forward because there are many other partners to discuss with."