Rebar and Steel Wire Rod Stocks in Guangzhou Fall for Three Weeks in A Row, SMM Says

[Lead-Acid Battery Enterprise Dynamics] Recently, the Wuhu Municipal Bureau of Ecology and Environment issued an approval opinion, and the environmental impact assessment for the annual production of 500,000 kVAh lead-carbon battery assembly project of Anhui Motu Technology Group Co., Ltd. was officially approved. The enterprise will implement various environmental protection measures in accordance with the requirements of the environmental impact assessment approval, advance subsequent preliminary work, and start the project construction after all conditions are ready.

[SMM Precious Metal Express] The PBoC announced it will conduct overnight reverse repo operations from August 27 to September 1, with daily volume not exceeding RMB 600 billion, and will conduct RMB 500 billion in one-year MLF operations on August 25. The accommodative liquidity environment supports precious metals valuations.

In H1, in the face of multiple challenges including tight raw material supply, tighter environmental protection constraints, and a complex and rapidly changing market environment, Wuxin Copper of Xinjiang Nonferrous Metal Group achieved a 136.22% increase in total industrial output value YoY, with the cash collection ratio from operations exceeding 110.41%. Major production and operating indicators all rose, delivering an impressive “mid-year report card.” Behind these encouraging results is Wuxin Copper’s path of concerted efforts: closely aligning with the main theme of the “Party-Building-Led Standardized Operations and Management Year,” staying committed to hard work and tackling tough challenges, pressing ahead against the odds, and breaking through various production and operational