Angang Leaves Ex-Works Prices for Most Steel Products Unchanged in September

[SMM Daily Review: Limited Macro Drivers and Sluggish Trading Leave Silver Prices Lacking Momentum for a Rebound] SMM, October 19: Easing rate hike expectations and marginal de-escalation of geopolitical tensions drove precious metals to rebound slightly, but overall bullish support remained insufficient, and futures trended weaker. In the spot market, trading sentiment was poor, downstream users stayed largely on the sidelines, suppliers held prices firm and held back from selling, and the psychological price gap between buyers and sellers remained wide. Overall transactions were sluggish, concentrated near parity.

China’s hydrogen energy industry is moving from policy-driven growth into a new phase of large-scale development. According to the China Hydrogen Energy Development Report 2026, by the end of 2025, China’s total hydrogen production capacity exceeded 51 million tonnes per annum, while commissioned renewable hydrogen capacity surpassed 250,000 tonnes per annum, more than doubling year-on-year. The fleet of fuel cell vehicles stood at around 32,000, with over 590 hydrogen refuelling stations completed. The rapid expansion of industrial scale raises higher requirements for supporting standards.

Researchers at TU Wien (Vienna University of Technology) recently found that optimizing the thickness of platinum coatings on bipolar plates of PEM electrolyzers can substantially cut platinum consumption while retaining electrical conductivity and corrosion resistance, offering a new technical route to lower green hydrogen production costs. The relevant study has been published in ACS Applied Materials & Interfaces.