Recently, the Indonesian Ministry of Foreign Affairs confirmed its attendance as a supporter at the 2025 Indonesia Mining Conference & Nickel Cobalt New Energy Conference, organized by SMM, which will be held in Jakarta, Indonesia, from June 3 to 5. A summit for government officials from 28 countries will also be convened on June 5. The invited government officials will come from the following 28 countries:

The significant price increase in spot rare earth cargo in Q1 drove positive Q1 performance for several rare earth enterprises, including China Northern Rare Earth and China Rare Earth Holdings. The rare earth permanent magnets concept sector performed remarkably after the Labour Day holiday. As of 10:53 on May 6, the rare earth permanent magnets concept sector rose by 4.45%. In terms of individual stocks, Jingyuntong, Shenghe Resources, and Tianhe Magnetic Material hit the daily limit up, Jiuling Technology rose nearly 25%, Xici Technology and Earth-Panda Advanced Magnetic Material rose over 10%, and GSHC Rare Earth, Longi Magnet, and Galaxy Magnets were among the top gainers.

According to the latest data from SMM, the capacity utilisation rate of domestic mines fell to 56.6% last week, a decrease of 1.8 percentage points from the previous week. The production of iron ore concentrates reached 755,000 mt, down 24,000 mt WoW. Sales amounted to 745,000 mt, down 15,000 mt WoW. Meanwhile, the inventory of mine concentrates increased by 10,000 mt, with the current total inventory standing at 275,000 mt.

[SMM Midday Review of Spot Aluminum: SHFE Aluminum Futures Market Volatile After Holiday, Overall Spot Transactions Remain Average] Inventory side, according to SMM's domestic aluminum ingot inventory data, the three-region inventory of domestic aluminum ingots stood at 636,000 mt on May 6, showing an inventory buildup of 22,000 mt compared to the pre-holiday level. In the short term, with inventory buildup after the holiday and the transition between peak and off-peak seasons, downstream orders have slightly decreased, and bullish sentiment has resurfaced. It is expected that the pace of inventory de-stocking will slow down or inventory buildup will continue, with spot discount transactions being the main trend.