Macro information
The standing Committee of the State Council: increase the reloan and rediscount amount of small and medium-sized banks by 1 trillion yuan
Trump calls for "large-scale and bold" $2 trillion infrastructure bill
Trump is reported to be announcing a 90-day extension of some tariffs
Metal news
[copper downstream PMI Index] in March, the terminal industry set off a tide of resumption of work, and the PMI index rose above the rise and fall line.
[SMM Analysis] in March, the overall PMI of the aluminum processing industry was 65.5, and it is expected to fall back in April.
The problem of scrap steel [SMM thread] has been alleviated, and the rework rate of electric furnace plant has risen sharply by nearly 30%.
The impact of the epidemic has weakened and demand improved slightly in March. [SMM Iron and Steel PMI report]
Chile's copper production rose 8.3 per cent in February from a year earlier to 451580 tons
The United States conducts a trade investigation on aluminum panels imported from 18 countries
The epidemic situation of Jiexin Crown has a great impact on the nickel industry in Indonesia
South Africa's Harmony Gold expects gold production to decline during the 21-day lock-up period
Vale says capacity recovery due to the outbreak may slow down
Related news
What will be the performance of the world's top five auto markets under the epidemic?
Extend the subsidy for two years to support the development of new energy automobile industry in China
Crude oil futures tumbled 54% in March, the biggest one-month drop in history
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![The Most-Traded BC Copper Contract Closed Down 1.16%, Inflation Concerns Suppressed Expectations for Interest Rate Cuts [SMM BC Copper Commentary]](https://imgqn.smm.cn/usercenter/JnFuh20251217171711.jpg)
