The slowdown in China’s economic growth is likely to continue, said Liang Zhonghua, senior macro strategist at Zhongtai Securities
Prices of several rare earth metals moved downwards for the week and they are likely to weaken further amid slow season
Boom of shanty town redevelopment in China may cool down
China will slash import tariffs on certain vehicles and auto parts down to 15%, the Ministry of Finance (MOF) said on Tuesday May 22. Cuts will take effect on July 1
China will ban imports of 16 more scrap metal and chemical waste products from December 31, 2018, according to release by the Ministry of Ecology and Environment (MEE) on Wednesday April 19
Development in cathode materials is likely to drive the development of new-energy cars as cathode materials determine battery performance.
Demand for nonferrous metals will surge as new energy vehicles are booming in China, said Lei Hongjun, chief engineer of the Yangtse Automobile Group.
Prices of prebaked anode will continue to tumble as supply grows after production restrictions are lifted at the end of the heating season, SMM believed.
China’s new subsidy policy on new-energy vehicles is set to give only limited boost to demand for cobalt and lithium as it was within industry expectations, SMM believes.
Today, part of domestic rare earth continues to slip in price, especially for Pr-Nd oxide.