Progress on This Week's Recycling Incidents Was as Follows:

Progress on This Week's Recycling Incidents Was as Follows:

On October 24, the ASEAN meeting held in Kuala Lumpur once again discussed regional cooperation on rare earth elements. Earlier, Malaysia announced strengthened cooperation with China in the rare earth industry and welcomed the establishment of joint ventures. As a key region in Asia for rare earth reserves, how will Malaysia's rare earth sector develop in the future, and what practical challenges does it face? In this article, let's explore these questions together.

[SMM Titanium Weekly Review: Divergence in the Titanium Industry Chain This Week, Rising Sentiment for Titanium Concentrate, While Titanium Dioxide Remains Weak] This week, the titanium industry chain in China showed significant divergence across different segments. Titanium concentrate prices continued to rise, supported by the demand boost from the September-October peak season and tight supply, leading to increased market optimism. Titanium dioxide remained weak, with insufficient new orders in October and weakening demand support, although high costs and low inventory kept it in the doldrums. Titanium slag continued to underperform, as enterprises faced dual pressures from high costs and sluggish demand, exacerbating losses. The sponge titanium market was weak, characterized by high inventory and weak demand, with sluggish civilian demand and reduced cost support. The titanium materials market exhibited structural divergence, with high-end segments performing strongly due to demand boosts from sectors like military applications, while the low-end market experienced oversupply, keeping overall prices low and under downward pressure.

This week, ferrous metals first stabilized and then rose, with divergent trends among different varieties. Coking coal and coke continued to show the strongest performance, while rebar and iron ore were relatively weak. At the beginning of the week, stricter environmental and safety inspections in the Wuhai area of Inner Mongolia, coupled with intensified crackdowns on overproduction, led to production halts and cuts at some coal mines, pushing coking coal and coke prices upward. However, finished products struggled to keep up with the gains. In the latter half of the week, inventory data for the five major steel products showed continued destocking on a weekly basis, easing market concerns about inventory reduction. With the macro conference expected to conclude soon, market sentiment peaked on Thursday but cooled again as the weekend approached. In the spot market, as the September-October peak season drew to a close, end-users mainly purchased as needed, making it difficult to see large-scale concentrated procurement released...