News

[SMM Tin Brief Review: Repeated Shifts in Macro Sentiment Put Pressure on Nonferrous Metals, and Tin Prices Pulled Back and Remained in the Doldrums]

Recently, the first coils were successfully rolled off the pickling line and hot-dip galvanizing line of the cold-rolling project of Anhui Panhua New Materials Co., Ltd., for which China National Heavy Machinery Research Institute Co., Ltd., a subsidiary of SINOMACH Heavy Equipment Group, served as the EPC contractor, marking the successful commissioning of the project.

Spot Lithium Carbonate Fluctuated Upward on 3.23-3.26.

Recently, the finishing mill unit and sizing press developed by Erzhong Equipment, a subsidiary of SINOMACH Heavy Equipment, for Meishan Iron & Steel’s 1,422 mm hot rolling production line were successfully commissioned. The equipment has been operating stably, with all performance indicators leading the industry, and has received high recognition from the owner.

Dalian iron ore futures experienced an early session increase before gradually retreating throughout the day. The most-traded I2605 contract ultimately closed at 817 RMB per tonne, marking a modest gain of 0.18% from the previous trading session.

[SMM Flash News] SHFE data showed that as of March 26, the total registered volume of cast aluminum alloy warrants was 39,035 mt, down 1,390 mt from the previous trading day. By region, the total registered volume was 2,424 mt in Shanghai, down 211 mt from the previous trading day; 16,200 mt in Guangdong, down 486 mt; 3,398 mt in Jiangsu, down 210 mt; 12,142 mt in Zhejiang, down 423 mt; 3,634 mt in Chongqing, down 30 mt; and 1,237 mt in Sichuan, down 30 mt.

SMM, March 26: Japan's Q2 2026 aluminum premium (QMJP) was set at $350-353/mt, with an average of $351.5/mt, up 80.27% from Q1.

L&F announced that it will accelerate mid- to long-term growth through a dual-track strategy focusing on NCM (nickel-cobalt-manganese) and LFP (lithium iron phosphate) cathode materials. In the NCM segment, the company plans to expand shipments of 46-series batteries and strengthen its presence in North America, leveraging its exclusive supply position for ultra-high nickel NCMA95, which recorded its highest-ever sales volume. It also aims to drive both volume growth and profitability improvements through higher utilization rates. In the LFP business, L&F will expand applications beyond energy storage systems (ESS) into electric vehicles and AI data centers, while reinforcing its long-term growth foundation through capacity expansion based on secured demand from multiple customers.

On March 25, Capchem disclosed that in 2025, the company achieved operating revenue of 9.639 billion yuan, a year-on-year increase of 22.84%; and realized net profit attributable to the parent of 1.097 billion yuan, a year-on-year increase of 16.48%. In terms of customers, it has been onboarded by several leading domestic and international battery manufacturers, with some achieving hundred-ton-level procurement for semi-solid-state battery research, development, and small-batch production. The company believes that in the coming period, solid-state batteries will primarily focus on niche application scenarios requiring high energy density and low cycle life, with a relatively limited market scale.

On March 25, the commissioning ceremony for the waste battery material recycling project of Guangzhou Youmei Recycling Technology Co., Ltd. was held in Baiyun, Guangzhou. As Guangzhou's first waste battery material recycling project, its commencement of production will provide a stable supply of recycled resources for the new energy industry in South China and across the nation. It also represents a crucial step for GAC Group in perfecting its green industry chain and responding to the national "dual carbon" strategy.

[SMM Aluminum Express News] Vietnam and Russia have signed an agreement in Moscow to develop Vietnam’s first nuclear power plant following talks between Prime Minister Pham Minh Chinh and Prime Minister Mikhail Mishustin. The project includes two nuclear plants with a combined capacity of 400MW in former Ninh Thuan province (now Khanh Hoa), marking a major step in Vietnam’s long-term energy diversification strategy. The agreement is expected to strengthen cooperation in high technology, research, and industrial development, while supporting Vietnam’s rapidly rising electricity demand. The Government estimates that power consumption will increase by 12-13percent in 2025 and reach 1,200 billion kWh by 2045