SMM News: On September 16, the Pr-Nd alloy was quoted at 700,000-710,000 yuan/mt, down by 5,000 yuan/mt compared with September 15. On September 17, the Pr-Nd alloy was quoted at 695,000-705,000 yuan/mt, a decrease of 5,000 yuan/mt. The Pr-Nd alloy market experienced two consecutive declines after a rapid rise. Behind the declines, the end of rigid demand and the lack of sustained demand growth support were undoubtedly the most important factors. 

On September 16, the Agricultural Bank of China (ABC) and China Changan Automobile Group signed a strategic cooperation agreement, according to a pots on ABC's WeChat account.

The two parties will also deepen cooperation in areas such as financial services for low-altitude mobility, operational deployment, and industrial supply chain integration.

On September 17, Hello Inc. (Hello), a Chinese commute solutions provider, announced that its Robotaxi unit has secured strategic investment from Alibaba Group.

On September 16, 2025, SAIC Audi officially put the fire new AUDI E5 Sportback model onto the market. The car arrives in four trims priced between 235,900 yuan and 319,900 yuan.

In August 2025, China recorded power battery installed capacity of 62.5 GWh, up 11.9% from July and 32.4% from a year earlier, according to the China Automotive Power Battery Industry Innovation Allia...

[SMM Stainless Steel Daily Review: SS Futures Struggle to Hold at 13,000 yuan/mt, Spot Prices Follow Decline with Sluggish Trading] SMM, September 17 — SS futures continued to trade in the doldrums. Driven by broad weakness across metal futures, SS futures followed the downward trend, trading below 13,000 yuan/mt throughout the day and even briefly falling below 12,900 yuan/mt. On the spot market, the weakness in SS futures further intensified cautious wait-and-see sentiment among stainless steel end-users. Although traders offered discounts under sales pressure, inquiries and transactions remained sluggish during the day. For futures, the most-traded contract 2511 moved lower. At 10:30 a.m., SS2510 was quoted at 12,910 yuan/mt, down 135 yuan/mt from the previous trading day. In Wuxi, the spot premiums/discounts for 304/2B were in the range of 360-660 yuan/mt. In the spot market, the average price for Wuxi cold-rolled 201/2B coil was 8,150 yuan/mt; the average price for cold-rolled mill-edge 304/2B coil was 13,250 yuan/mt in both Wuxi and Foshan; cold-rolled 316L/2B coil was 25,750 yuan/mt in Wuxi and Foshan; hot-rolled 316L/NO.1 coil was quoted at 25,150 yuan/mt in both regions; cold-rolled 430/2B coil was 7,600 yuan/mt in both Wuxi and Foshan. Although the market has entered the traditional September-October peak season consumption period, and expectations for US Fed interest rate cuts are gradually approaching, providing room for domestic moderately accommodative monetary policies, the market's outlook for stainless steel this month...

[SMM Chrome Daily Review: Market Remains Strong and Stable Awaiting Steel Mill Tender Offers] September 17, 2025: The ex-factory price of high-carbon ferrochrome in Inner Mongolia today was 8,450-8,550 yuan/mt (50% metal content), flat MoM from the previous trading day...