Li Keqiang presided over an executive meeting of the State Council, demanding that cross-cycle adjustments should be carried out in an orderly manner to ensure the smooth running of the economy.

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.

Prices of Chinese cobalt products may slow their downside trend in the short term as uncertainties around raw materials imports remain even as top supplier South Africa has eased coronavirus lockdown measures to level 4 which allowed freight transport to resume. 

Copper scrap supply in China is estimated to have shrunk nearly 200,000 mt in the first three months of 2020, as escalated virus-control measures disrupted global trade flows and as Chinese suppliers held back on sales following a slump in copper prices. A total of 225,083 mt of copper scrap was imported to China in January-to-March, down close to 140,000 mt, or more than 38% from the same period last year, according to data from China customs. SMM estimates that those copper scrap imports, with average Cu content of 78.49%, contained 176,676 mt of copper, down more than 37% from the quarter ended March 2019.

Prices of ternary materials and precursors in China will see further downside risk before May as inventories continued to pile up, driven by slowed or delayed purchases by downstream producers of power batteries amid falling orders. 

China's ternary precursor market will likely face continued headwinds of falling export orders for digital batteries and delays in recovery of new energy vehicle demand, as the global spread of the coronavirus has yet to show signs of slowing. This is expected to expand the downside room in ternary precursor prices this week. 

Hubei previously said March 11 was the earliest businesses in the province could resume work. Authorities Wednesday issued a notice that laid out industry categories that could or could not resume operations based on the level of health risk in the region.

Operating rates across electrical arc furnace (EAF) steelmakers in China remained capped by substantial losses as of March 3, but the rates were slightly higher than February when nearly all EAF...

Prices of magnesium ingot edged lower last week as more than half of downstream producers remained shut on some existing curbs for operation resumption. But the downside room in prices will be capped

The increase in overall copper inventories continued to slow this week, with stocks in Jiangsu unexpectedly falling 6,000 mt as local copper processing companies restarted operations successively...