[SMM afternoon News] Canada's economic slowdown has raised concerns about a continuing downturn * US congressman: the CFTC bill will prevent the "monopoly" pricing of aluminium.-Shanghai Metals Market

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[SMM afternoon News] Canada's economic slowdown has raised concerns about a continuing downturn * US congressman: the CFTC bill will prevent the "monopoly" pricing of aluminium.

Translation 11:52:50AM Mar 04, 2019 Source:Shanghai Nonferrous Metals Network

Metal news

[200000 tons! Lianyungang Port berth the largest bauxite ship] on the morning of March 3, an "elegant ship" loaded with 200000 tons of Guinean bauxite successfully docked at berth 81 of Lianyungang Port. This is the largest bauxite ship to berth since the opening of Lianyungang, and it is also the first single import business carried out by Luoyang Xiangjiang Wanji Aluminum Industry in Lianyungang Port, realizing the complementary advantages of Hong Kong enterprises and the combination of strong and strong. This is also another important achievement for Lianyungang Port to serve customers in the central and western regions since the beginning of this year. "View detail

[Yulian Group joined hands with Guangyuan City to build a green hydropower aluminum integration project to lock in the target task of "double investment per year" with an annual output of 500000 tons. On March 1, Yulian Group and Guangyuan Municipal Government successfully signed the green hydropower aluminum integration project. Locking in the target task of "double investment per year" with an annual production capacity of 500000 tons marks an overall acceleration of the strategic plan for enterprises to speed up capacity transfer and promote industrial optimization and upgrading, and lays a solid foundation for opening up a new battlefield and building a new economic growth pole. "View detail

Recently, with the approval of the State Administration of Market Supervision and Administration, the name of Shaanxi Mingdi Aluminum Co., Ltd. has been changed to Mingdi Group Co., Ltd. It marks the relocation of the company's headquarters from Lanzhou, Gansu Province to Dongjiahe Circular economy Industrial Park, and settled in Tongchuan, Shaanxi Province. It also marks a new and significant progress in the "east strategy" of Mingdi Aluminum Group, which is composed of Lanzhou Mingdi Aluminum Co., Ltd., Sichuan Mingdi Aluminum Co., Ltd., and Shaanxi Mingdi Aluminum Co., Ltd. "View detail

[Chile is still the most attractive country in Latin America for investment] according to the latest report from the Fraser Institute of Canada, Chile is still the most attractive South American country for mining investment, ranking sixth in the world. Chile's mining investment attractiveness index rose to its highest level since 2013, when it ranked fourth out of 112 countries and regions, according to the report. Chile dropped to 39th in 2016, but rebounded to eighth in 2017. The report cited reduced concerns about land ownership disputes, environmental regulations and trade barriers as the main reasons. "View detail

[negative factors show that copper prices do more active energy weakening] recently, with the phased landing of Sino-US trade negotiations, the domestic stock market and commodity market continued to pick up, and the copper futures price was supported by the maintenance of high rising water at the LME copper spot end. Copper prices are also rising. In the short term, the macro-positive factors are gradually digested by the market, the current domestic inventory continues to rise, the discount is maintained at the end of the goods, and the recovery of consumption downstream is not obvious. We can see that the negative factors are highlighted. It is expected that short-term copper prices will have limited room to rebound. "detail View

(the death toll rose to 186Vale CEO after the collapse of the dam.) (Fabio Schvartsman), chief executive of Brazilian mining giant (Vale SA), and other executives have been asked to leave temporarily. Earlier, a dam at the company collapsed, killing 186 people. "View detail

[Brazilian iron ore exports increased by 21.6 per cent in February] Brazilian iron ore exports in February were 28.9 million tons, up 21.6 per cent from a year earlier, according to statistics from the Brazilian Ministry of Foreign Trade. Export prices were US $52.9 per tonne, the same as in the same period last year. Exports increased by 21.6 per cent to US $1.53 billion. The export volume of flat rolled steel was 212000 tons, an increase of 3.11 percent, and the export of semi-finished steel products was 532900 tons, down 16.1 percent. "View detail

[Dragon python Baili: 200000 tons of titanium dioxide chloride project is expected to be trial produced in the second quarter] Dragon python Baili (002601) revealed on the interactive platform on March 4 that the infrastructure construction of the company's 200000 tons of titanium dioxide chloride project has been completed. The installation and commissioning of the equipment has been basically completed, and we are stepping up the construction of supporting public works, which are expected to be put into trial production in the second quarter of 2019. "View detail

Macro news

Canada's gross domestic product (GDP) grew by 0.4% in the fourth quarter of last year, well below market expectations, according to Statistics Canada (Statistics Canada). [Canada's economic slowdown worries Trudeau.] Statistics Canada released data on the 1st, showing that Canada's gross domestic product grew by 0.4% in the fourth quarter of last year. Canada is scheduled to hold parliamentary elections in October, Prime Minister Justin Trudeau has been mired in a "back door" scandal, the economic downturn may further aggravate the ruling Liberal Party election pressure. "View detail

[close more than 300 stores in 48 hours! In just 48 hours, clothing giant Gap announced that it will close 230 stores in the next two years. J.C. Penney Co. 18 department stores will be closed. L Brands Inc. Fifty-three Victoria's secret stores will be closed this year. Even Tesla plans to close its stores and switch to pure online sales. "View detail

Terminal news

[Zhang Tianren: lead battery is not a "two high and one capital"] "lead battery is not an industry with high energy consumption, high pollution and resource consumption, but an industry of green environmental protection, energy conservation and emission reduction, and resource recycling." Zhang Tianren, deputy to the National people's Congress and chairman of the board of directors of Tianneng Group, told reporters. "View detail

[Tesla plans to release the new SUV Model Y on the 14th of this month] Tesla CEO Elon Musk announced on social media on March 4 that the company will launch the new SUV Model Y in Los Angeles on March 14. The size and price of the model will exceed the Model 3 by about 10%, and the battery life will be slightly shorter than the Model 3. Morgan Stanley analyst Adam Jonas said, Model Y could help Tesla gain a bigger share of the electric car market. "View detail

Walkbaud Resources Company (Walkabout Resources) updates its reserves of Lindi flake graphite project in southeastern Tanzania. [Rindi Ink Mine and other renewable resources in Tanzania] Walkbert Resources Corporation updated its reserves of Lindi Flake Graphite Project in southeastern Tanzania. At present, the project confirms that the reserves of (Proven) and approximate (probable) ores are 5.5 million tons, and the graphite grade is 17.9%, that is, the content of graphite minerals is 987000 tons. The final feasibility study is about to be completed. The company expects the project to produce 40,000 tons of flake graphite a year "to see details."

[Hainan Tower and Hainan Power Grid join hands for a new round of strategic cooperation] recently, Hainan Tower and Hainan Power Grid signed a new round of strategic cooperation agreement, and the two sides signed a new round of strategic cooperation agreement on the basis of strategic cooperation in 2015. In line with the development concept of "innovation, coordination, green, openness and sharing", we should strengthen complementary advantages, achieve mutual benefit and win-win results, strive to realize the strong joint efforts of "power grid" and "optical network", and jointly help the construction of free trade port in Hainan free trade area. "View detail

Related news

[Hong Wei: capital can invest in China Photovoltaic] in the week after February 18, there were numerous interpretations of the Energy Bureau's "Photovoltaic Management Conference 2019," which not only benefited Lao Hong, but also dazzled her. In the end, I also read a sentence: capital can invest in Chinese photovoltaic on a large scale. Photovoltaic is a rare and huge investment opportunity, but before February 18, Chinese photovoltaic is not a good investment market. According to the analysis of the authoritative organization, according to the analysis of the authoritative organization, the installation of photovoltaic power stations in the world will increase by 60 times by 2050, and the current installation of photovoltaic power stations in China will reach 2000GW by 2050, with the installation of more than 170GW of photovoltaic power stations in China, according to the analysis of the authoritative organization, the installation of photovoltaic power stations in the world will increase by 60 times by 2050. Renewable energy currently accounts for only 26 per cent of global power generation and will increase to more than 85 per cent by 2050, more than 60 per cent of which comes from solar and wind energy. "View detail

[Zeng Yuqun in Ningde era: photovoltaic + energy storage promotes the development of new energy integration] on March 3, Zeng Yuqun, member of the National Committee of the Chinese people's political Consultative Conference and chairman of Ningde Times, said in an interview with the Shanghai Stock Exchange that he attended the meeting. He brought proposals for the integration of new energy sources. Zeng Yuqun suggested: first, in view of the intermittent characteristics of wind energy and photovoltaic power generation, vigorously build photovoltaic and wind power generation facilities in the western region and build lithium-ion energy storage power stations to reduce the impact on the stable operation of the power grid. Increase the installed capacity of renewable energy and the proportion of power generation; The second is to speed up the transmission of power from west to east to provide clean power for new energy vehicles; Third, through the large-scale promotion of new energy vehicles to become distributed energy storage facilities, intelligent interaction with the power grid, play the role of shifting peaks and filling valleys, and improve the efficiency of resource utilization. "View detail

[Yulong shares: nearly 100 percent of positive electrode materials and conductive paste samples are at the stage of inspection and sample delivery] Yulong shares recently interacted in Shanghai Stock Exchange, saying that a certain type of positive electrode materials should achieve mass production. Need to go through the necessary steps such as material evaluation, project evaluation, customer certification, import and so on. Yulong shares in the previous investor relations activities in the investigation, the company has built two industrial bases in Yinchuan and Tianjin, Yinchuan base planned production capacity of 30,000 tons of cathode materials and 10,000 tons of conductive paste; Tianjin base planning capacity of 3000 tons of cathode materials and 3000 tons of conductive paste. "View detail

"Click to view details

Key Words:  Copper  aluminum  lead  zinc  tin  nickel 

[SMM afternoon News] Canada's economic slowdown has raised concerns about a continuing downturn * US congressman: the CFTC bill will prevent the "monopoly" pricing of aluminium.

Translation 11:52:50AM Mar 04, 2019 Source:Shanghai Nonferrous Metals Network

Metal news

[200000 tons! Lianyungang Port berth the largest bauxite ship] on the morning of March 3, an "elegant ship" loaded with 200000 tons of Guinean bauxite successfully docked at berth 81 of Lianyungang Port. This is the largest bauxite ship to berth since the opening of Lianyungang, and it is also the first single import business carried out by Luoyang Xiangjiang Wanji Aluminum Industry in Lianyungang Port, realizing the complementary advantages of Hong Kong enterprises and the combination of strong and strong. This is also another important achievement for Lianyungang Port to serve customers in the central and western regions since the beginning of this year. "View detail

[Yulian Group joined hands with Guangyuan City to build a green hydropower aluminum integration project to lock in the target task of "double investment per year" with an annual output of 500000 tons. On March 1, Yulian Group and Guangyuan Municipal Government successfully signed the green hydropower aluminum integration project. Locking in the target task of "double investment per year" with an annual production capacity of 500000 tons marks an overall acceleration of the strategic plan for enterprises to speed up capacity transfer and promote industrial optimization and upgrading, and lays a solid foundation for opening up a new battlefield and building a new economic growth pole. "View detail

Recently, with the approval of the State Administration of Market Supervision and Administration, the name of Shaanxi Mingdi Aluminum Co., Ltd. has been changed to Mingdi Group Co., Ltd. It marks the relocation of the company's headquarters from Lanzhou, Gansu Province to Dongjiahe Circular economy Industrial Park, and settled in Tongchuan, Shaanxi Province. It also marks a new and significant progress in the "east strategy" of Mingdi Aluminum Group, which is composed of Lanzhou Mingdi Aluminum Co., Ltd., Sichuan Mingdi Aluminum Co., Ltd., and Shaanxi Mingdi Aluminum Co., Ltd. "View detail

[Chile is still the most attractive country in Latin America for investment] according to the latest report from the Fraser Institute of Canada, Chile is still the most attractive South American country for mining investment, ranking sixth in the world. Chile's mining investment attractiveness index rose to its highest level since 2013, when it ranked fourth out of 112 countries and regions, according to the report. Chile dropped to 39th in 2016, but rebounded to eighth in 2017. The report cited reduced concerns about land ownership disputes, environmental regulations and trade barriers as the main reasons. "View detail

[negative factors show that copper prices do more active energy weakening] recently, with the phased landing of Sino-US trade negotiations, the domestic stock market and commodity market continued to pick up, and the copper futures price was supported by the maintenance of high rising water at the LME copper spot end. Copper prices are also rising. In the short term, the macro-positive factors are gradually digested by the market, the current domestic inventory continues to rise, the discount is maintained at the end of the goods, and the recovery of consumption downstream is not obvious. We can see that the negative factors are highlighted. It is expected that short-term copper prices will have limited room to rebound. "detail View

(the death toll rose to 186Vale CEO after the collapse of the dam.) (Fabio Schvartsman), chief executive of Brazilian mining giant (Vale SA), and other executives have been asked to leave temporarily. Earlier, a dam at the company collapsed, killing 186 people. "View detail

[Brazilian iron ore exports increased by 21.6 per cent in February] Brazilian iron ore exports in February were 28.9 million tons, up 21.6 per cent from a year earlier, according to statistics from the Brazilian Ministry of Foreign Trade. Export prices were US $52.9 per tonne, the same as in the same period last year. Exports increased by 21.6 per cent to US $1.53 billion. The export volume of flat rolled steel was 212000 tons, an increase of 3.11 percent, and the export of semi-finished steel products was 532900 tons, down 16.1 percent. "View detail

[Dragon python Baili: 200000 tons of titanium dioxide chloride project is expected to be trial produced in the second quarter] Dragon python Baili (002601) revealed on the interactive platform on March 4 that the infrastructure construction of the company's 200000 tons of titanium dioxide chloride project has been completed. The installation and commissioning of the equipment has been basically completed, and we are stepping up the construction of supporting public works, which are expected to be put into trial production in the second quarter of 2019. "View detail

Macro news

Canada's gross domestic product (GDP) grew by 0.4% in the fourth quarter of last year, well below market expectations, according to Statistics Canada (Statistics Canada). [Canada's economic slowdown worries Trudeau.] Statistics Canada released data on the 1st, showing that Canada's gross domestic product grew by 0.4% in the fourth quarter of last year. Canada is scheduled to hold parliamentary elections in October, Prime Minister Justin Trudeau has been mired in a "back door" scandal, the economic downturn may further aggravate the ruling Liberal Party election pressure. "View detail

[close more than 300 stores in 48 hours! In just 48 hours, clothing giant Gap announced that it will close 230 stores in the next two years. J.C. Penney Co. 18 department stores will be closed. L Brands Inc. Fifty-three Victoria's secret stores will be closed this year. Even Tesla plans to close its stores and switch to pure online sales. "View detail

Terminal news

[Zhang Tianren: lead battery is not a "two high and one capital"] "lead battery is not an industry with high energy consumption, high pollution and resource consumption, but an industry of green environmental protection, energy conservation and emission reduction, and resource recycling." Zhang Tianren, deputy to the National people's Congress and chairman of the board of directors of Tianneng Group, told reporters. "View detail

[Tesla plans to release the new SUV Model Y on the 14th of this month] Tesla CEO Elon Musk announced on social media on March 4 that the company will launch the new SUV Model Y in Los Angeles on March 14. The size and price of the model will exceed the Model 3 by about 10%, and the battery life will be slightly shorter than the Model 3. Morgan Stanley analyst Adam Jonas said, Model Y could help Tesla gain a bigger share of the electric car market. "View detail

Walkbaud Resources Company (Walkabout Resources) updates its reserves of Lindi flake graphite project in southeastern Tanzania. [Rindi Ink Mine and other renewable resources in Tanzania] Walkbert Resources Corporation updated its reserves of Lindi Flake Graphite Project in southeastern Tanzania. At present, the project confirms that the reserves of (Proven) and approximate (probable) ores are 5.5 million tons, and the graphite grade is 17.9%, that is, the content of graphite minerals is 987000 tons. The final feasibility study is about to be completed. The company expects the project to produce 40,000 tons of flake graphite a year "to see details."

[Hainan Tower and Hainan Power Grid join hands for a new round of strategic cooperation] recently, Hainan Tower and Hainan Power Grid signed a new round of strategic cooperation agreement, and the two sides signed a new round of strategic cooperation agreement on the basis of strategic cooperation in 2015. In line with the development concept of "innovation, coordination, green, openness and sharing", we should strengthen complementary advantages, achieve mutual benefit and win-win results, strive to realize the strong joint efforts of "power grid" and "optical network", and jointly help the construction of free trade port in Hainan free trade area. "View detail

Related news

[Hong Wei: capital can invest in China Photovoltaic] in the week after February 18, there were numerous interpretations of the Energy Bureau's "Photovoltaic Management Conference 2019," which not only benefited Lao Hong, but also dazzled her. In the end, I also read a sentence: capital can invest in Chinese photovoltaic on a large scale. Photovoltaic is a rare and huge investment opportunity, but before February 18, Chinese photovoltaic is not a good investment market. According to the analysis of the authoritative organization, according to the analysis of the authoritative organization, the installation of photovoltaic power stations in the world will increase by 60 times by 2050, and the current installation of photovoltaic power stations in China will reach 2000GW by 2050, with the installation of more than 170GW of photovoltaic power stations in China, according to the analysis of the authoritative organization, the installation of photovoltaic power stations in the world will increase by 60 times by 2050. Renewable energy currently accounts for only 26 per cent of global power generation and will increase to more than 85 per cent by 2050, more than 60 per cent of which comes from solar and wind energy. "View detail

[Zeng Yuqun in Ningde era: photovoltaic + energy storage promotes the development of new energy integration] on March 3, Zeng Yuqun, member of the National Committee of the Chinese people's political Consultative Conference and chairman of Ningde Times, said in an interview with the Shanghai Stock Exchange that he attended the meeting. He brought proposals for the integration of new energy sources. Zeng Yuqun suggested: first, in view of the intermittent characteristics of wind energy and photovoltaic power generation, vigorously build photovoltaic and wind power generation facilities in the western region and build lithium-ion energy storage power stations to reduce the impact on the stable operation of the power grid. Increase the installed capacity of renewable energy and the proportion of power generation; The second is to speed up the transmission of power from west to east to provide clean power for new energy vehicles; Third, through the large-scale promotion of new energy vehicles to become distributed energy storage facilities, intelligent interaction with the power grid, play the role of shifting peaks and filling valleys, and improve the efficiency of resource utilization. "View detail

[Yulong shares: nearly 100 percent of positive electrode materials and conductive paste samples are at the stage of inspection and sample delivery] Yulong shares recently interacted in Shanghai Stock Exchange, saying that a certain type of positive electrode materials should achieve mass production. Need to go through the necessary steps such as material evaluation, project evaluation, customer certification, import and so on. Yulong shares in the previous investor relations activities in the investigation, the company has built two industrial bases in Yinchuan and Tianjin, Yinchuan base planned production capacity of 30,000 tons of cathode materials and 10,000 tons of conductive paste; Tianjin base planning capacity of 3000 tons of cathode materials and 3000 tons of conductive paste. "View detail

"Click to view details

Key Words:  Copper  aluminum  lead  zinc  tin  nickel