Metal news
[SMM blockbuster: the United States locks in the case of aluminum plate import tariffs in the next five years.] the US International Trade Commission said on December 7 that it was finally determined that US producers had been hurt by China's imports of ordinary alloy aluminum sheet products. The discovery locked in tariffs on products. ITC's decision means that tariffs previously announced by the US Commerce Department, from 96.3 per cent to 176.2 per cent, will be implemented for five years. The department said last month that Chinese aluminium products were being subsidised and dumped into the US market. "View detail
On December 8, the Hailiang Nonferrous Industry Park project held a grand opening ceremony in Zhuji Modern Environmental Protection equipment High-tech Industrial Park. [Hailang Nonferrous Industry Park: construction of 6.1 billion yuan forged global standard] on December 8, the Hailang Nonferrous Industry Park held a grand opening ceremony in Zhuji Modern Environmental Protection equipment High-tech Industrial Park. It is understood that the total investment of the project reached 6.128 billion yuan, planned land of 1000 mu. According to the plan, the park will be implemented in three phases: the first phase of the new "annual production of 400000 tons of copper and copper alloy bars intelligent energy saving and emission reduction reconstruction and expansion project", is expected to be completed in December 2019 delivery; The second phase of the plan for the new "annual output of 150000 tons of precision aluminum construction project", is expected to be completed in June 2021 delivery; The third phase of the plan new "non-ferrous metal processing field upstream and downstream extension projects and innovative experimental platform construction project", is expected to be completed by December 2022. "View detail
Korea Zinc will invest in the expansion of the Australian Zinc Refinery to increase its production and employment opportunities] Zinc production in Australia will increase, investing millions of dollars to expand the zinc smelter in northern Queensland. South Korean zinc, which owns a zinc refinery outside Townsville, will spend $300m on Sun Metals Corporation, its Australian subsidiary. The expansion is expected to increase production at its zinc smelter from about 225000 tons to 270000 tons a year. "View detail
Newmont announces prospects for gold and copper in 2019 and 2020. SMM Newmont Mining expects its share of gold production to reach 5.2 million ounces in 2019, 4.9 million ounces in 2020, and 45000 tons of copper in those two years. The full sustained cost of gold will reach $935 an ounce by 2019 and $975 an ounce by 2020. Copper's AISC will reach $2.45 a pound next year and $2.55 a pound by 2020. In the long run, attributed gold production will be between 4.4 million and 4.9 million ounces by 2023, AISC will be between $875 and $975 an ounce, and copper production will increase to 45000 to 65000 tons by 2023, mainly due to higher Boddington production in Western Australia. "View detail
[SMM translator: Vale will double its nickel production, which will be dominated by electric vehicles.] Fabio Schvartsman, chief executive of Brazilian mining company, said at an event in London. The company is committed to further strengthening its basic metals business, particularly nickel, to achieve the strategy around the expected explosion of metal demand for electric vehicles in 2019. "View detail
[metallurgical Industry Planning and Research Institute: it is expected that China's steel demand of 800 million tons will fall by 2.4 percent in 2019 compared with the same period last year] on 10 December, Li Xinchuang, president of the Metallurgical Industry Planning and Research Institute, said at the press conference on "Research results of China's and Global Iron and Steel demand forecasting and Competitiveness rating of Iron and Steel Enterprises in 2019," that China's steel demand is expected to be 820 million tons in 2018. An increase of 12.6% over the same period last year; Crude steel production was 923 million tons, up 11 per cent from a year earlier. In 2019, steel demand was 800 million tons, down 2.4 percent from the same period last year, and crude steel production was 900 million tons, down 2.5 percent from the same period last year. "View detail
[Hebei Iron and Steel Industry made a profit of 81 billion yuan from January to October] since the beginning of this year, the operation of the iron and steel industry in Hebei Province has maintained a steady and stable development trend, the profit level has reached a new high in recent years, and the iron and steel industry has entered a reduction stage of innovation and development. According to the latest data from the Hebei Provincial Metallurgical Industry Association, from January to October, the main income of the iron and steel industry in Hebei Province reached 973.9 billion yuan, an increase of 13.28 percent over the same period last year, accounting for 28.87 percent of the province's main industrial business income. Profits reached 81 billion yuan, an increase of 49.41 percent over the same period last year, accounting for 37.99 percent of the province's industrial profits. "View detail
[cobalt prices fell nearly 30% of the performance growth rate of more than 30% of A-share companies in 2 months] since the second half of this year, the prices of cobalt and its related products have begun to fall, especially since October, cobalt product prices have fallen sharply. In response, relevant industry researchers said that cobalt prices fell for many reasons, including weak downstream demand, inflated prices and so on, and it is expected that cobalt prices may continue to fall for some time in the future. In the previous two years, the price of benefited cobalt rose sharply, and the profit level of A-share-related listed companies also increased significantly. People related to the company said that the company was affected by the decline in cobalt prices, but the size of the impact is not easy to assess, but also depends on the future trend of cobalt prices. "View detail
Macro news
[under pressure from the yellow vest protest movement Macron will make an "important announcement" this week] Emmanuel Macron (Emmanuel Macron) will address the country this week. The French president has come under pressure from allies to bridge the cracks torn apart by the "yellow vest" protesters, whose violent and destructive protests shocked France. "View detail
[IMF Chief Economist: the US economy will "stall"] the IMF chief economist said that as the value-added effect of tax cuts receded, US economic growth will slow in the next 2-3 years, while the global economy as a whole is also showing a trend of deceleration. "View detail
Terminal market
[Musk: if GM plans to sell the factory Tesla is "interested" in buying it, GM announced on November 26th local time that it would cut 14000 jobs and close five factories in North America in 2019. GM, one of the world's largest car companies, has cut on such a large scale for the first time in history. Elon Musk, CEO of Tesla: if they don't need these factories and are going to sell them, we Tesla may consider buying them. "View detail
Ford Volkswagen will announce that the Alliance for Deep Cooperation will stay warm in response to the cold winter of the global car market. Since the signing of the memorandum last year, there has been no less speculation about the marriage of the two century-old car companies. The analysis points out that bringing electric and self-driving cars to market will be one of the keys to the deal. But the market remains sceptical about the extent of co-operation between the two sides, and the talks between executives on both sides do not offer "many" possibilities. In the cold winter of the global car market, the willingness of car companies to stay warm is particularly strong. "View detail
["spontaneous combustion risk" recalled Jianghuai automobile new energy gambling dark moment] contract manufacturing Wei, as Volkswagen Xinneng China entry point, Jianghuai new energy in the layout of new energy can be described as a big gamble. With the hot stock Jianghuai car shares turned down, is an "unusually critical" recall information. On December 7, the State Municipal Regulatory Bureau released information that Jianghuai Automobile brand iEV5, its own new energy vehicle brand, will recall 4248 vehicles because of the risk of runaway battery heat. The recall is the first time in 2018 that the State Administration of Municipal Supervision has issued a recall on the risk of spontaneous combustion caused by battery problems in new energy vehicles. "View detail
Related market
[the number of fuel cell models skyrocketed 227%.] on December 3, the Ministry of Industry and Information Technology released this year's 12th batch of recommended models for the Promotion and Application of New Energy vehicles (hereinafter referred to as the "catalogue"). Battery China Network combed found that as of the 12th batch of "catalogue", a total of 72 fuel cell models from 16 car companies entered the "catalogue" this year, an increase of 227% from 22 of the 10 car companies in 2017. The number of companies supporting fuel cells for catalogue models has also increased from eight last year to 30. "View detail
[national Development and Reform Commission: strive to significantly improve the charging technology level of new energy vehicles in three years] the National Development and Reform Commission has issued an Action Plan to enhance the charging Security capacity of New Energy vehicles, striving to significantly improve the charging technology level in three years. We will improve the product quality of charging facilities, speed up the improvement of the charging standard system, comprehensively optimize the layout of charging facilities, and significantly enhance the interconnection of charging networks. We will continue to strengthen policy support in this area, including construction land, power access, rewards and subsidies, and so on. We will further strengthen support for the innovation of the operation mode of charging facilities. "View detail
[market pattern or meet the upheaval of Fooneng Technology's installed capacity next year to challenge the top three] Fooneng Technology has the temperament of a technological manufacturing enterprise: low-key, steady, but burgeoning with accumulated strength. In the field of ternary soft package battery technology for more than 20 years, Fueneng Technology this year officially launched a general attack on the new energy vehicle market. "View detail
[Zhou Chengjun: application Exploration of Photovoltaic + Energy Storage] Zhou Chengjun, vice president of Zhejiang Zhengtai New Energy Development Co., Ltd., shared the theme of "Application Exploration of Photovoltaic + Energy Storage." he believes that for new energy, The combination of energy storage and photovoltaic is a good direction. "View detail
Honda scientists have developed a new battery technology that is expected to replace lithium-ion chemical batteries as the first choice for electric vehicles in the future. "View detail
[Samsung plans to invest in power batteries and MLCC projects in Tianjin] it has been learned from Tianjin and Samsung China that Samsung plans to adjust some of its product structure in Tianjin. At the same time, it has invested in new projects such as the world's leading power battery production line and automotive MLCC plant (multi-layer ceramic capacitors), with an additional investment of US $2.4 billion. Senior Chinese officials of Samsung said that the increase in investment in Tianjin is an important part of Samsung's industrial strategic adjustment and product transformation and upgrading in China, and is a key jump for Samsung to "enter, integrate, and upgrade" in China. "View detail
