About 90% of Mines in Fujian Close Down on Environmental Checks, SMM Reports

On June 4, lithium carbonate futures fell 0.97% to 101,850 yuan/ton (~14,067.68 USD/ton). The battery-grade index dropped to 103,461 yuan/ton (~14,290.19 USD/ton).

Today's lithium carbonate market saw a slight rise with the SMM index reaching 111,176 yuan/ton (~$15,334.62 USD/ton) and futures dipping slightly by 0.86%.

Today's lithium carbonate market saw a minor decline with the SMM index at 112,124 yuan/ton (~15,486.74 USD/ton) and futures closing down 0.49%, reflecting subtle market shifts.

Today's lithium carbonate market remained stable with the SMM index at 112,316 yuan/ton (~15,513.26 USD/ton), while futures dropped by 3.06%, reflecting cautious market optimism.

The environmental impact of the Adaro aluminum plant project has sparked controversy, particularly regarding the high emissions caused by coal-fired electricity. Despite Indonesia's vast hydroelectric potential, long construction cycles have been a driving factor in favor of coal power. However, with the construction of the Mentarang hydroelectric power station, there is potential for a more environmentally friendly power supply for industrial areas in the future, which could have a positive impact on reducing the environmental burden of the Adaro aluminum plant project.

During an early morning press conference, Federal Reserve Chair Powell dampened expectations of a rate cut in March. This announcement coincided with significant drops in all three major US stock indices, and the yield on the US 10-year Treasury dipped below 4%. Economist stated that it is more than just lowering expectation of march rate cut......

The current price of metal is the focus of market attention, especially copper price and aluminum price. Metal price fluctuations are often influenced by a variety of reasons, but it does provide opportunities for followers of base metal prices. If people can find new competitive advantages in this opportunity and adopt flexible strategies to respond, sustainable development should be just around the corner.

Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in January 2018.

China is drafting a new policy to standardize captive power plants.

Yinman Mining, wholly-owned by Inner Mongolia Xingye Mining, is fully operational after getting safety production permit.