China's Secondary Aluminum Alloy Ingot Inventory Down 81 mt, Continues Mild Destocking Trend

The share of available aluminum stocks of Russian origin in London Metal Exchange warehouses rose in February from the previous month, data showed on Tuesday, just as the exchange tightened its policy on storage to address EU sanctions.

[SMM Flash] According to CAAM data, auto production and sales in February totaled 1.672 million units and 1.805 million units, down 31.7% and 23.1% MoM, and down 20.5% and 15.2% YoY, respectively. In January-February, auto production and sales totaled 4.122 million units and 4.152 million units, down 9.5% and 8.8% YoY, respectively. In February, NEV production and sales totaled 694,000 units and 765,200 units, down 21.8% and 14.2% YoY, respectively. In January-February, NEV production and sales totaled 1.735 million units and 1.71 million units, down 8.8% and 6.9% YoY, respectively, with NEV sales accounting for 41.2% of total new vehicle sales.