Minutes of SMM Zinc Morning meeting: overnight Shanghai zinc recorded a negative column, falling below the 24000 yuan / ton integer mark, the upper 5-day moving average was suppressed, and the middle rail of Brin Road below provided support. On the consumer side, some enterprises in the north are affected by the Winter Olympic Games, resulting in a greater impact on the production of galvanizing and zinc oxide enterprises, and overall consumption is slightly depressed; at present, overseas markets are still closed, while under the relatively depressed domestic consumption situation, zinc price shocks are expected to run weakly.
Zinc price trend is weak and domestic fundamentals are insufficient to support [minutes of SMM Zinc Morning meeting]
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SMM Tin Morning News: on the market trend, the price of the 2202 contract rushed up to around 292000 yuan / ton after the opening of night trading, and then the price fluctuated smoothly around the integer mark of 290000 yuan / ton for most of the time after the price fell back quickly. There is little change in and out of funds, and the wait-and-see mood in the market is getting stronger.
Shanghai tin rushes higher and slows down the mood of a small amount of funds in and out of SMM [Shanghai Tin Morning News]
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SMM Steel Morning meeting minutes: yesterday even iron continued wide shock down, the main contract 2205 closing price of 673.5, down 3.37% throughout the day. Port spot traders early quotation fell 10 yuan / ton compared with the previous two days, some traders actively shipped, steel mills are still wait-and-see. Yesterday, the atmosphere of spot transactions at the port was poor. Yesterday, the snail was weak and volatile, the spot decline was more than, and the transaction was poor.
Iron ore thread weak shock hot coil spot ups and downs mixed [minutes of SMM Iron and Steel Morning meeting]
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Macro aspect:
The dollar edged higher in quiet trading on Tuesday as fears of novel coronavirus's contagion brought an abrupt end to days of stock market gains and expectations that the Federal Reserve / FED could raise interest rates as early as March.
In the oil market, US crude oil futures rose for the fifth day in a row on Tuesday as the market expected novel coronavirus O'Micron mutant to have a limited impact on economic growth. (WTI) futures for February delivery of West Texas Intermediate rose 41 cents, or 0.5%, to close at $75.98 a barrel on the New York Mercantile Exchange. The futures hit an intraday high of $76.92 on Tuesday. So far, WTI futures prices have risen for the fifth day in a row, the longest consecutive rise since the end of five consecutive gains on September 27th.
On the macro side today, we focus on the data such as the initial monthly rate of wholesale inventory in November, the monthly rate of signed sales index of existing homes after quarterly adjustment in November, and the changes in EIA crude oil inventory in the week ending December 24 in the United States.
In the metal market:
In terms of metals, metals were mixed in the inner market today. Shanghai copper fell in the night market, fell at one point, rose slightly in late trading, and finally rose 0.1%. Shanghai aluminum fluctuated in a narrow range, up 0.4%, and Shanghai lead fell from rising to falling, down 0.55%, and Shanghai nickel dived in intraday trading, down 1.11%.
Black stopped the decline, the night market ran up one after another, coking coal repaired the previous decline, up 0.93%, coke repair most of the decline, recorded a drop of 0.12%, hot coil pull up, recorded a slight increase of 0.07%, thread recovery mostly lost ground, fell 0.02%.
In precious metals, gold futures closed higher on Tuesday, recording their third rise in the past four sessions. But the stronger dollar curbed the price of gold futures.
"[overnight market] the Dow has risen for five consecutive days and the metal has weakened.
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"Click to view the price of SMM aluminum products
"Click to view the price of SMM lead products
"Click to view the price of SMM nickel products
U. S. stocks closed mixed on Tuesday, with the Dow recording a fifth straight day of gains. The market is assessing the potential impact of the Omicron mutant on the economy. The Dow rose 95.83 points, or 0.26%, to 36398.21; the Nasdaq fell 89.54, or 0.56%, to 15781.72; and the S & P 500 fell 4.84, or 0.10%, to 4786.35.
[SMM concern: typhoon "Odete" sweeps through the Philippines is expected to affect nickel supplies. December 27, the Philippine National disaster reduction Committee (NDRRMC) said that Typhoon Odete has so far left 378 people dead, 60 missing and 742 injured. Among the above data, the number of casualties and missing persons confirmed by the Philippine authorities is only about 1/10 for the time being. NDRRMC has also said that the typhoon affected eight administrative regions, and there were power outages or power outages in 193 cities and towns. "check the details.
[SMM News: 7 shares up by the daily limit! Lithium carbonate rose more than 5000 yuan today. Lithium ore, salt lake lithium extraction and lithium battery concept plate rose for the second trading day in a row, closing at the close of trading, including Mount Qomolangma, Tibet City Investment, Rongjie shares, Jiangsu Cathay Pacific, etc., nearly 9 shares rose by the daily limit, lithium battery plate rose again for a long time! The salt lake lithium index also closed up 5.5%, individual stocks rose by the daily limit of 7 shares, the performance is very eye-catching. "View details
[SMM annual inventory of new energy vehicles: a total of 2.422 million new energy vehicles were insured before November 2021, and BYD led the iron-lithium new fashion] inheriting the rapid growth in 2020, China's new energy vehicles still show a sustained high-speed growth trend in 2021. According to Shanghai Insurance data, China has a total of 2.422 million new energy passenger vehicles insured in the first 11 months of 2021, of which pure electric vehicles continue to outperform plug-in hybrids, with their market share rising to 82%, 5 percentage points higher than for the whole of 2020. Sub-model, Wuling Hongguang MINI pushed Model 3 off the "altar"; sub-car company, BYD broke out, has been the monthly sales champion for six consecutive times since June this year; sub-battery, lithium iron phosphate has risen strongly, the cumulative share has increased to 45%; in terms of new forces, "Wei Xiaoli" has become "Wei Xiaoli", which continues to narrow the gap between Weilai and Weilai. "View details
SMM analysis: Zhejiang enterprises stopped production due to the epidemic situation and resumed production this week! At the beginning of December, the novel coronavirus epidemic situation in many places in China was repeated, involving Zhejiang, Anhui, and Shanxi, among which some areas of Zhejiang were seriously affected by the epidemic, and the cities and counties under Zhejiang's jurisdiction also gradually strengthened prevention and control management measures, and lithium power new energy enterprises were also affected to a certain extent. Prior to this, Zhejiang ternary materials and pioneering enterprises and two cobalt salt enterprises officially stopped production on December 10. However, recently, the Disease Control Bureau of the National Health Commission held a press conference, saying that the current national epidemic situation has been brought under control, and the epidemic situation in Shaoxing, Ningbo, Hangzhou and other places in Zhejiang Province has stabilized. According to the follow-up investigation of SMM, with the lifting of the epidemic alert, the three enterprises that stopped production also resumed production one after another on Monday. "View details
[SMM stainless steel spot information: stainless steel spot prices are stable and hot-rolled prices are stronger] at present, the performance of stainless steel spot market transactions is general, compared with last week, the replenishment sentiment caused by price increases has decreased, but the hot-rolled goods supply is less in the market at present, and the price is more firm. "check the details.
[SMM electric furnace operating rate scrap, finished material prices have dropped this week basically flat] according to SMM survey of 34 independent electric arc furnace steel mills producing building materials, as of December 28, the operating rate was 54.58%, up 0.68% from last week. "View details
[SMM hot rolling delivery: transportation is not smooth Shanghai market arrival further reduced] this week, shipments to Shanghai further decreased, while shipments from northeast resources increased slightly compared with the previous month; while shipments from North China resources were restricted by environmental protection transportation, decreased month-on-month; shipments from South China Resources remained low in recent weeks, and it is expected that there will be a certain increase next week. "View details
[SMM Manganese Mine Daily Review: manganese ore turnover is weak, high price is not smooth] December 28, the northern port: Australia mine 42-43 yuan / tonnage; South Africa hemicarbonate mine 33-34 yuan / tonnage; Gabon mine 40-41 yuan / tonnage; Brazil mine 42-43 yuan / tonnage, down 1 yuan / tonnage compared with the previous day; South African ferromanganese mine 33-34 yuan / tonnage. Southern ports: Australian mine 43-44 yuan / tonnage; South African hemicarbonate mine 35-36 yuan / tonnage; Gabon mine 41-42 yuan / tonnage; Brazilian mine 42-43 yuan / tonnage, 1 yuan / tonnage lower than the previous day; high iron ore in South Africa 34-35 yuan / tonnage. At present, the downstream southern silicon-manganese plant stops production, the demand is weak, and the port inventory consumption is slow; near the end of the year, the northern silicon-manganese enterprises, the willingness to prepare goods is not strong, on-demand procurement, manganese ore transactions are still weak. "check the details.
[SMM Silicon Manganese Daily Review: manufacturers have a strong desire to raise prices. Spot prices] December 28th, the northern market silicon manganese 6517 (cash) 7750-8000 yuan / ton, the southern market silicon manganese 6517 (cash) 7800-8350 yuan / ton. At present, due to cost problems, the southern market has more shutdowns and less quotations, and the SMM quotation is temporarily stable; in the northern market, production restrictions are everywhere, and manufacturers are more willing to raise prices. Some manufacturers said that the recent downstream winter storage, the shipment situation is slightly better, and the spot quotation is slightly higher. SMM believes that due to the impact of terminal production restrictions this year, the winter reserves of steel mills may not be as expected, and the spot stock of silicon and manganese in the market is still sufficient, and the price of silicon and manganese may be stable temporarily in the short term. "check the details.
[SMM concern: Malaysia Donggang 240000 ton Si-mn alloy project officially started] Donggang Group Co., Ltd. announced the official start of 240000-ton Si-mn alloy project amid the thunderous sound of firecrackers. The Si-mn alloy project is designed by Angang Group Engineering Technology Co., Ltd., Millennium Malaysia Engineering Construction Co., Ltd., Inner Mongolia Nashun equipment Engineering (Group) Co., Ltd. And Shandong Laiwu Taiyue Metallurgical Machinery Co., Ltd. are responsible for equipment supply. The construction of the project is divided into two phases. In the first phase, a workshop, two 33MVA fully enclosed manganese silicon alloy furnaces, a 36m2 sintering machine, a raw material yard and other public and auxiliary facilities will be built, which are expected to be completed and put into production in September 2022. "check the details.
[SMM special topic: double the price of rare earths in 2021 and take a quick look at the inventory of rare earths in 2021! From the beginning of the year to now, rare earths have successively ushered in three rounds of market. Taking praseodymium neodymium oxide as an example, praseodymium neodymium oxide rose at the beginning of the year, rising from 407500 yuan / ton to 595000 yuan / ton, and then fell back to 469000 yuan / ton at the end of June, ushering in the second wave of rising market this year, but the second round of market lasted only one month. After reaching 632500 yuan / ton in early August, praseodymium-neodymium oxide prices maintained stability. The third round of gains of the year began in mid-early October, which was relatively strong, from less than 600000 yuan per ton to 860000 yuan per ton in just over a month at the beginning of December, an increase of more than 40 per cent. Since the beginning of December, the price of rare earths has remained stable. On December 28th, the spot price of SMM praseodymium and neodymium oxide averaged 837500 yuan / ton, an increase of 105% over the beginning of the year. "View details
[SMM News: Luxiao Technology Photovoltaic Power Station Project was damaged by snow disaster and completed all 60 MW grid-connected power generation at the end of March] on December 27, Luxiao Technology issued an announcement that due to the extreme weather and blizzard in Tongliao City, Inner Mongolia Autonomous region, the photovoltaic power stations of Tongliao Technology Co., Ltd., Tongliao Solar Energy Photovoltaic Co., Ltd., and Tongliao Solar Power Photovoltaic Technology Co., Ltd., all collapsed to varying degrees. At present, the company is working with the property insurance department to verify property losses and claims. The company is taking positive measures to restore normal production and operation and control the adverse impact of blizzard weather on the company's production and operation. "check the details
[SMM News: Yinglohua doubled its share price in one month! A warning letter attracted market attention] on December 26, Yinglohua issued an announcement that Yinglohua failed to fulfill its information disclosure obligations due to external guaranty. On December 25, 2021, it received the decision on Administrative Supervision measures issued by the Zhejiang Regulatory Administration of China Securities Regulatory Commission, concerning the decision to issue a warning letter to Yingluohua Technology Co., Ltd. And related personnel. "View details
[SMM Daily Review: Yunnan Silicon Plant starts down] the price of multi-specification metal silicon fell slightly on the 28th, with 44 silicon in Huangpu Port at 21100-21300 yuan / ton and 330 silicon at 22100-22300 yuan / ton. Recently, the start-up of Yunnan silicon plant has declined, and the cut-off silicon plant is concentrated in Yingjiang area. "check the details.
[SMM data: China's magnesium alloy exports increased by 56.4% in November] according to customs data, China's magnesium alloy exports in November 2021 were 8762.0 tons, an increase of 56.4% over the previous month, a decrease of 18.9% over the same period last year, and a cumulative increase of 0.4% over the same period last year. "View details
Indonesian President Joko Widodo inaugurated a new 1.8 million-ton nickel-iron plant in southeastern Sulawesi province on Monday at an estimated cost of $2.7 billion. The plant was built by PT Gunbuster Nickel Indonesia, a local subsidiary of China's Jiangsu Delong Nickel, at the nickel processing center in Sulawesi as part of a government plan to move the resource-rich country up the value chain rather than just exporting raw materials. According to a government statement, the plant will be able to process 13 million tons of nickel ore a year.
[Shengtun Mining: Indonesia Youshan Nickel 34000 tons High Nickel Ice Nickel Project currently produces Ferro Nickel] recently, Shengtun Mining said that the company's Indonesia Youshan Nickel 34000 ton High Nickel matte project will be put into production in December 2020. at present, the production product is Ferro Nickel, with smooth operation and stable output in 2021, and can reach full production.
[Posco and Carla Group have reached a nickel sulfate acquisition agreement to build a battery raw material plant in Indonesia] the Carla Group has signed a memorandum of understanding with Posco Iron and Steel Company through 布米 Mineral sulawesi (MoU), to explore the battery industry.
[LME nickel inventories continue to refresh their lowest level in more than two years] data released by LME show that nickel inventories continued to decline in the last week. Since late April this year, inventories have moved from a high of 264606 tons to a downward trend. The latest inventory level is 103848 tons, breaking the lowest level in more than two years, with a decline of about 60.8 per cent.
[Dow Technology wholly owned subsidiary Guangdong Jiana set up a company in Indonesia to reduce the raw material cost of high nickel ternary precursor products] recently, Dow Technology issued a notice saying that in order to further promote the strategic layout of the new energy industry chain, Guangdong Jiana, a wholly owned subsidiary of Dow Technology, has set up PT. in Indonesia. JIANA ENERGY is engaged in large-scale trade in nickel ore products and ores.
[Indonesian President inspects "Belt and Road Initiative" key project-Indonesia Delong Industrial Park celebrates the commissioning of the Giant Shield Nickel Project. Indonesia Delong Industrial Park has now been built into a large-scale industrial park with two bases in Kendali and North Morovali. Delong Industrial Park in Indonesia has put into operation 42 ferronickel production lines, 3 power plants, 3 stainless steel billet production lines and 2 self-operated terminals.
[Tianfeng Securities: Australian Lithium Mine Pilbara downgrade Lithium concentrate production guidelines for the fourth quarter and next year Lithium prices are expected to remain high in 2022] Tianfeng Securities said that this week Australian Lithium Mine Pilbara cut its production guidance to 8.5-95000 tons of concentrate from 9-115000 tons of concentrate in the fourth quarter of 2021. At the same time, it also lowered its production guidelines for 2022, lowering the planned production guidelines for 46-510000 tons of concentrate to 40-450000 tons, further aggravating the shortage of lithium resources. Tianfeng Securities expects the lithium price center to remain high throughout 2022 and is firmly optimistic about the allocation value of lithium plates next year.
The average price is 550000 / ton! Yan'an Bikang expects lithium hexafluorophosphate to remain high for some time in the future. Yan'an Bikang said in an institutional survey that the market price of lithium hexafluorophosphate products is still on the rise. Combined with the demand pull of new energy vehicles and other application fields and the current tight supply and demand of lithium hexafluorophosphate market, it is concluded that the price of lithium hexafluorophosphate will remain high for some time in the future. In the follow-up, with the expansion of the industry, the release of lithium hexafluorophosphate capacity and the improvement of the relationship between supply and demand, the price may be adjusted to a certain extent.
[Magnis Energy Yin Shan: it takes 7 years for Australia to develop a new lithium mine. The shortage of lithium ore in the next 3-5 years is the norm.] Yin Shan, a consultant to Magnis Energy Technology, said that it takes seven years for Australia to develop a new lithium mine, while it takes only 2-3 years for China to expand a lithium carbonate plant. The development speed of the demand side of lithium salt is much faster than that of lithium ore suppliers, and it is normal that the supply falls short of demand in the next 3-5 years.
[Fitch: lithium supply will continue to be tight until 2030] Research firm Fitch Solutions (Fitch Solutions) released its latest industry report that despite strong lithium production growth in the next few years, the global lithium market will remain very tight in the coming years as the green transformation accelerates. Fitch expects the global lithium market to be in short supply until 2030. The agency believes that in this context, lithium supply will face many unfavorable factors and bottlenecks, which may profoundly change the market pattern.
[Huayou Cobalt Industry Chen Yaozhong: cathode materials will soon enter a million-ton era] Chen Yaozhong, vice president of Huayou Cobalt Industry and chairman of Tianjin Bamo, said that in recent years, Huayou Cobalt Industry has done a lot of work around ternary precursors and cathode materials, especially nickel and cobalt resources. In order to enable strategic partners of different industrial chains to open up the market and get better orders, Huayou Cobalt will increase the speed and intensity of the layout of the industrial chain. "the industry will soon enter the era of TWh, and cathode materials will soon enter the million-ton or two-million-ton class, and the attributes of its scientific and technological commodities will come out. "
The annual output is 900000 tons! Fujian Qingtuo High performance stainless Steel New material and supporting Project (Phase I)] on December 27, Fujian Provincial Department of Industry and Information Technology issued a document on the energy saving report of Fujian Qingtuo New Materials Co., Ltd. on high performance stainless steel and its supporting project (Phase I). The project mainly carries out production capacity replacement through remote technical transformation, builds new materials and supporting projects of high-performance stainless steel (phase I), plans to cover an area of 350mu, and builds a new high-performance stainless steel material production system with an annual output of 900000 tons. The main equipment includes: a new raw material shed system, a new 120t electric furnace, 2 100tAOD furnaces, 2 100tVOD furnaces, 2 100tLF furnaces, 2 sets of alloy melting furnaces (each set of 60 tons), a second-class slab continuous casting and dedusting system, waste heat utilization system and public auxiliary facilities. After the completion of the project, it will form an annual capacity of 900000 tons of stainless steel billet.
[Ministry of Commerce: foreign investment in rare earths and other mining industries in free trade pilot zones] "Special Management measures for Foreign Investment access in Free Trade pilot zones (negative list) (2021 Edition)" has been examined and approved by the National Development and Reform Commission at its 18th committee meeting on September 18, 2021 and examined and signed by the Ministry of Commerce, and shall enter into force as of January 1, 2022. Domestic enterprises engaged in the negative list of free trade zones that prohibit investment areas to issue shares abroad and list for trading shall be examined and approved by the relevant competent departments of the state, and foreign investors shall not participate in the operation and management of the enterprise. the shareholding ratio shall be implemented with reference to the relevant provisions on the administration of domestic securities investment by overseas investors. Investment in rare earth, radioactive minerals, tungsten exploration, mining and mineral processing is prohibited. It is forbidden to invest in the wholesale and retail of tobacco leaves, cigarettes, re-roasted tobacco leaves and other tobacco products. The ratio of foreign capital shares in value-added telecommunications services shall not exceed 50%. The construction and operation of nuclear power plants shall be controlled by the Chinese side.
[the first 0.2mm ultra-thin steel coil of Beigang New material went off the line smoothly] A few days ago, the first roll of 0.2mm thickness steel coil rolled by the single rolling mill of Guangxi Beigang New material Cold Rolling Plant was successfully put off the line. The coil is rolled by 0.39mm for 4 passes to 0.2mm. The surface quality of the coil is good, and the shape and thickness of the coil have achieved the expected results. The smooth off-line of 0.2mm coil indicates that the cold rolling mill has the ability to roll ultra-thin strip. The next step will be to launch a sprint to the rolled 0.15mm according to the production situation, cooperate with the bright annealing line that will be put into production to produce products with higher added value, and further improve the structure of cold rolled products.
Terminal information
[new chips can be used to develop next-generation photonic circuits] according to the electronic journal Scientific Russia, the Moscow Institute of Electronic Technology and Moscow State normal University have jointly developed a chip for the development of next-generation photonic circuits. Experts say the technology for making non-volatile tunable photonic nanoscale chips can already be used in microelectronics production without additional upgrades.
[organization: global IC foundry sales are expected to exceed US $95 billion in 2021 and are expected to grow by 15% in 2022] DIGITIMES Research estimates that the sales of the global wafer foundry industry will reach US $95.2 billion in 2021, an annual increase of nearly 26%, while chip supply and demand in 2022 is still difficult to balance, coupled with medium-and long-term applications such as 5G, wafer foundry demand will remain robust, so that annual sales will grow by another 15%.
[SMIC: sales revenue this year is expected to increase by 39% over last year] SMIC said on the interactive platform that in the face of great challenges in production and operation this year, the company focused on ensuring production continuity and continuous capacity expansion. Reorganize the supply chain, find ways to optimize the procurement process, speed up supplier verification, and improve production planning and project management. This year's sales revenue is expected to increase by 39% over the previous year (IFRS standards).
[capital continues to add semi-solid battery to mass production soon] since January this year, Lulai released its first 150kWh solid-state battery, saying that the Lulai ET7 sedan with the battery will have a range of more than 1000 kilometers, the attention of solid-state battery has skyrocketed. Near the end of the New year, this technology, which is regarded as the development direction of the next generation power battery, has brushed a wave of sense of existence. The relevant layout enterprises are not only favored by capital frequently, but also have substantial progress on the road of mass production.
[Wu Hui: global power battery demand will exceed 1268GWh battery material supply and demand is generally tight in 2025] Wu Hui, general manager of the research department of Yiwei Economic Research Institute and president of China Battery Industry Research Institute, predicts that the global power battery demand will reach 1268.4 GWH in 2025, together with small batteries and energy storage batteries, the total shipments will reach 1615GWh. Under the high growth of lithium battery demand, but the upstream industry chain is not ready, lithium carbonate, lithium hydroxide, positive and negative materials, electrolytes, diaphragms and other related battery materials generally appear tight supply and demand.
The annual production capacity is 1.6 billion square meters! According to media reports, Hengli Sinopec (600346) wet diaphragm production line equipment procurement ceremony was held in Hengli (Suzhou) Industrial Park on December 26th. According to the agreement, Kanghui New Materials, a subsidiary of Hengli Petrochemical, will introduce 12 wet lithium battery diaphragm production lines from Japan's Zipu Machinery Co., Ltd. and Qingdao China Science and Technology Hualian New Materials Co., Ltd., with an annual production capacity of 1.6 billion square meters. The move marks Hengli Petrochemical's entry into the field of lithium diaphragm and the increase in the market of chemical new energy materials.
[global car sales in 14 countries in November: only the United Kingdom and Norway achieved a month-on-month recovery in growth] in November, the overall pressure on global car production and sales was still great, with car sales in 12 markets continuing to decline in 12 of the 14 countries counted by Galaxy. Only the United Kingdom and Norway achieved growth. On the positive side, however, as the global chip shortage eased slightly in November, the global car market showed some signs of recovery compared with October, with 12 countries showing month-on-month increase in car sales, with only India and Russia falling month-on-month.
[Guosheng Mach auto parts project put into production] recently, Horgos car Mach auto parts production project has been officially put into production. The project is invested by Horgos State car Mach Automotive Technology Co., Ltd. and is located in Horgos Industrial Park. The first phase of the project has a total investment of 900 million yuan, a land area of about 3 million square meters, a total construction area of 75000 square meters, 2 workshops and 3 R & D centers. The two Mach lost foam production lines built in Germany have the capacity to produce 2.6 million to 3 million sets of pure electricity of new energy vehicles, hybrid motor casings and hybrid engine cylinder heads per year.
[Tesla's fourth-quarter sales in the United States may increase by 43% or fall by 43%] according to foreign media reports, the latest auto industry forecast released by auto information website TrueCar on Dec. 22 shows that the company expects Tesla to sell 97417 electric vehicles in the United States in the fourth quarter, up 42.8% from a year earlier and 28.8% from a month earlier.
On December 27, the Ministry of Commerce, the Ministry of Industry and Information Technology, and the General Administration of Market Supervision examined and confirmed the list of enterprises that meet the requirements for applying for export licenses for automobile and motorcycle products in 2022. The list shows that there are a total of 434 enterprises that meet the requirements for applying for automobile export licenses in 2022. Among them, there are 61 passenger car enterprises.
The National Development and Reform Commission issued the Jiangsu Coastal area Development Plan (2021-2025) to speed up the construction of offshore wind power bases of 10 million kilowatts, and to plan and study the offshore wind power bases of 10 million kilowatts in the far-reaching sea, according to the circular issued by the National Development and Reform Commission on the Development Plan of Jiangsu Coastal areas (2021-2025). We will implement key projects such as Fenghai and Tonghai 500kV power transmission and transformation projects, and Synchronize plans peak-shaving power sources for 10 million kilowatt offshore wind power bases and the Nantong-Suzhou river crossing project.
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