The Dollar Rebounds, Base Metals Fall, The price of lithium carbonate has increased for six consecutive times.

The U.S. dollar rebounded, and basic metals generally fell. As of the daytime closing today, domestic basic metals generally fell, with Shanghai copper and nickel rising by 0.17% and 0.75% respectively, while alumina fell by 1.65%, and other metals fell by less than 1.00%. As of 15:06 today, LME metals were mostly green, with nickel in London falling by 1.15% and other metals falling by less than 1.00%. Lithium carbonate rose by 3.45%, reaching a new high since December 11, 2023, at 112,250 yuan/ton, rising for six consecutive days; industrial silicon fell by 0.26%. The black series rose across the board, with coking coal rising by 2.19%, coke rising by 1.34%, iron ore rising by 1.08%, and other metals rising by less than 1.00%. Shanghai gold rose by 0.04%, and Shanghai silver fell by 0.22%. As of 15:06 today, COMEX gold and silver fell by 0.30% and 0.71% respectively. The European liner freight main contract halted its two-day decline and rose by 1.57% today. Spot and fundamentals of alumina: Overall, there have been no major changes in the supply and demand pattern of domestic alumina before the holiday, but the domestic alumina operating rate has slightly rebounded recently. With stable demand, the spot price of alumina in China fell slightly on Tuesday. SMM expects the short-term domestic spot price to mainly fluctuate slightly, and attention should continue to be paid to the recent expectations of resumption of production in the Jin-Yu region and the arrival of imported alumina. "Click to see details. Lithium carbonate: From the market sentiment, the recovery progress on the supply side is still relatively slow. The overall operating conditions in the recycling and Jiangxi regions are still sluggish, and factors such as the upcoming maintenance period for some leading enterprises and environmental protection in Jiangxi will bring some uncertainty to the future supply, causing market concerns.