LME May Launch Lithium Futures Contract

[SMM Magnesium Weekly Review: Pre-Holiday Stockpiling Falls Short of Expectations, Magnesium Industry Chain Diverges and Runs in the Doldrums] This week, the magnesium industry chain showed a divergent and weak-stable trend. On the supply side, the large dolomite mine in Wutai, Shanxi remained shut down, tightening the supply of high-grade ore in the region. Enterprises expanded procurement channels externally, and after external supplies arrived, the overall supply pressure for dolomite eased, with quotations remaining stable. Primary magnesium producers maintained basically stable output, while inventories continued to accumulate. As the two holidays approached, some producers cut prices to recover funds, and magnesium prices hit bottom before stabilizing with support from costs. Magnesium powder and magnesium alloy followed raw material prices and ran in the doldrums, while downstream processing enterprises saw finished product inventories rise and reduced operating rates to ease shipment pressure.

[SMM: Active Port Withdrawals Drive Down Social Inventory of Silicon Metal MoM] SMM data showed that social inventory of silicon metal in major regions fell by 28,000 mt WoW as of September 24.

Waiting for Policies and Winter Stockpiling: The “Thousand-Yuan Break” Spreads to Central China [SMM Sulphuric Acid Weekly Review]