News today: the United States has raised interest rates four times this year to calculate gradual and orderly progress in the upstream and downstream production of lead in Hebei Province.

Domestic new secondary aluminium capacity stood at 1.85 million mt in 2021, including 1.17 million mt of secondary aluminium casting alloy, and the total installed capacity amounted to 11.96 million mt, according to SMM statistics.

According to the media, the existing capacity, after taking in all the disclosed production expansion projects, has reached 5 million mt, an obvious surpass over the downstream demand by 2025.

Baosteel Desheng, a subsidiary of China Baowu Iron and Steel Group, invested 13.6 billion yuan to build a fine stainless steel green industry base in 2018, and the project will be fully put into operation next year.

Weiming Group and Indigo signed a strategic cooperation framework agreement on November 24 for the joint development and construction of a 40,000 mt high-grade nickel matte project in Indonesia.

The Energy Administration of Inner Mongolia Autonomous Region issued the "Emergency Notice on Accelerating the Release of Some Coal Mine Production Capacity".

Yunnan Provincial Development and Reform Commission announced on September 11 that the average monthly output of local industrial silicon companies should not exceed 10% of the August output from September to December.

In order to speed up the utilisation of advanced coal production capacity, relevant state departments and the Inner Mongolia Autonomous government have actively promoted the continued land use of open-pit coal mines for the resumption of normal production as soon as possible.

CATL has announced a fixed increase plan of 58.2 billion yuan to expand production. At the same time, the copper foil industry, which is the midstream link of lithium batteries, is also booming rapidly.

In the first fiscal quarter ending in June 2021, Indian crude steel production increased by 61% year-on-year to 27.8 million tons, compared with 17.26 million tons in the same period last year.

COVID-19 pandemic once again swept the world recently. The new cases surged in US, Europe, and south-east Asia due to the spread of Delta variant. Pandemic was also spreading in China. On August 1, 31 province (including autonomous regions and municipalities) and the Xinjiang Production and Construction Corps reported 98 new confirmed cases, including 43 imported cases and 55 local cases.