The tight supply of domestic and imported copper scrap will prevent the price spread from expanding until the second half of December, according to SMM survey.

Battery-grade lithium hydroxide prices in China have been falling since the start of H2 on stable demand but rising supply, down about 12% from early 2020. Compared with lithium carbonate, lithium hydroxide prices remained above cost lines, but some lithium salts producers are pessimistic about battery-grade lithium hydroxide prices in 2020.

The Development Plan for the New Energy Vehicle Industry (2021-2035) suggests that average power consumption of new pure electric passenger vehicles should be reduced to 12 kwh/100 km, sales of new NEVs should reach 20% of total new vehicle sales

The Fifth Plenary Session of the 19th Central Committee was held in Beijing from October 26 to 29, 2020.

The Ministry of Ecology and Environment has officially issued a notice on customs codes of secondary copper (brass) on October 19. Standard high-quality raw materials will be imported freely. The document has been published for a week, and except for existing detailed commodity standards such as content and moisture content, the Customs has not released more import supervision conditions. The following are some questions about the new policy.

On October 20, the Ministry of Ecology and Environment, together with  the General Administration of Customs, the Ministry of Commerce, and the Ministry of Industry and Information Technology issued the Announcement on Standardising Import of Raw Materials of Secondary Copper and Secondary Cast Aluminium Alloy.

In this special report we present you our inventory and price movement updates on the China Metals industry after the National Day long holidays.

The 2nd China Auto New Materials Application Summit 2020 and China (8th) Aluminium Processing Industry Chain Demand and Supply Trading Summit, jointly held by Shanghai Metals Market with the Nonferrous Metals Society of Shanghai, Shanghai Automotive Engineering Society and Suzhou Die-casting Technology Association, took place in Shanghai on September 17.

The US dollar index recorded an eight-week high the day before yesterday due to the sluggish macro sentiment under pandemic.

With strong support from the government, China’s 5G technology develops rapidly, meaning demand for rechargeable batteries increases, which boosts demand for cobalt.