MIIT: 84.1% of car production bases in China have resumed work

The "2020 (10th) Tin Industry Chain Summit”—held by SMM and exclusively named by Gejiu Qiandao Metal—took place during October 20-30. During the summit, SMM interviewed Zhang huanqun, general manager of Gejiu Qiandao Metal, to discuss topics about upstream sectors of tin.

China’s sales of new energy passenger cars increased 25% month on month to 83,000 units in June, according to data from the China Passenger Car Association (CPCA) released on Thursday. 

The global widespread of COVID-19 has forced many countries to enforce stringent containment measures which result in a heavy impact on global economic activity. Over the past few months, we saw serious disruption of manpower, transportation and production in China. We are now seeing these scenarios happening around the world.

The global widespread of COVID-19 has forced many countries to enforce stringent containment measures which result in a heavy impact on global economic activity. Over the past two months, we saw serious disruption of manpower, transportation and production in China. We are now seeing these scenarios happening around the world. 

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China’s nickel ore imports from the Philippines, one of the major sources of ore supply, could be badly hit in April as the Philippines has suspended all mining operations in its nickel mining hub...

Prices of light and medium-to-heavy rare earth products mostly declined last week as the widespread COVID-19 overseas weakened investors’ prospects for demand and kept domestic consumers from...

China’s exports of consumer batteries showed signs of softening amid reduced overseas demand and COVID-19 lockdowns as the outbreak escalated in the European countries, the US, India and South Africa

Up to 6 million mt per month of China’s exports of steel in the form of steel containing manufactured goods are expected to take a hit if the COVID-19 pandemic outbreak suspends business activity outside China, SMM estimates. China’s indirect steel exports averaged 5.93 million mt per month in 2012-2017, accounting for 6.12% of the country’s monthly steel products production, according to data from the World Steel Association (Worldsteel).

The widespread coronavirus has deterred production of NEVs in the European countries, and this may impact the global prospects for NEV production and take a toll on the consumption of raw materials. Last week, bearish sentiment continued to prevail in the cobalt market, which depressed downstream purchases and added to upstream inventory pressure. Sluggish demand reduced prices of battery-grade lithium carbonate, which were underpinned by costs, while fundamentals supported prices of industrial-grade lithium carbonate.