[SMM Analysis] when VAT is reduced and how to deal with it

Ganfeng Lithium announced that the Company and its partner Mineral Resources Limited have agreed to upgrade the ore treatment capacity of the Mt Marion lithium spodumene project of the joint venture company RIM.

The Russia-Ukraine conflict has had a serious impact on the German automobile industry.

According to the data released by the National Bureau of Statistics, from January to February of 2022, the completed operating income of the automobile manufacturing industry continued to maintain a small growth year-on-year, reaching 1.37191 trillion yuan.

The steel downstream enterprises resumed the production slowly post the Chinese New Year (CNY). Most enterprises gradually resumed the operation in late February. The demand will rise in March. As of February 28, more than 70% of the enterprises in SMM sample resumed work, and the overall production is expected to return to normal in March.

Steel prices ushered in a “good start” in the first week post the Chinese New Year (CNY) holiday amid optimistic sentiment.

Baosteel Desheng High-quality Stainless Steel Green Industry Base Project - Steel Capacity Replacement Project is located in Jin’gang Industrial Zone, Luoyuanwan Development Zone, Luoyuan County, Fuzhou City.

On the supply side, the recent Winter Olympics-oriented production restrictions have been issued one after another.

The output of cobalt sulphate in January will be about 5,900 mt in metal content, and the output of cobalt chloride will stand at 4,400 mt in metal content.

The entire tin industry chain participants will gradually be closed for CNY holiday as the festival is already around the corner. Meanwhile, the tin supply and demand have remained weak.

The nickel prices continued its strong momentum last week as the pricing logic driven by pure nickel has not changed fundamentally.