CAAM: Automobile output by 11 key Chinese automakers in early August rose 46.4% on year

SHANGHAI, Sep 27 (SMM) – According to SMM survey, one lead-zinc mine in Qinghai province, who was shut down earlier due to another round of pandemic, plans to postpone its production resumptions to November due to pandemic-caused transportation issues and the upcoming 20th National Congress.

SHANGHAI, Aug 22 (SMM) - According to the National Energy Administration, from August 1st to 17th, the national coal output was 210 million mt, with an average daily output of 12.33 million mt, a year-on-year increase of 19.4%.

SHANGHAI, Aug 15 (SMM) - According to SMM survey, the average operating rate of domestic molten aluminium casting billet enterprises stood at 71.3% in July, down 0.99 percentage point from June, marking two consecutive months of decline.

SHANGHAI, Aug 8 (SMM) – China’s copper cathode output was 840,000 mt in July, down 2% MoM and up 1.1% YoY, SMM data showed.

[SMM analysis: The impact of the pandemic on automobile enterprises was higher than expected, and the impact on downstream demand may in April may exceeded 20%] This round of fierce pandemic has also impacted the whole new energy industry chain. The first is the automotive industry. FAW Volkswagen in Changchun took the lead in stopping production on March 13. Tesla and SAIC Volkswagen in Shanghai also stopped production after the outbreak began. At present, there is no news about when they will resume production. Vehicle manufacturers across the country have successively stopped production and reduced production amid the insufficient components and parts. At present, some battery enterprises have reported that the pandemic has affected the annual production scheduling plan, and most battery enterprises have experienced decline in orders of April and May.

Gree Electric announced that it has bid for 30.47% of Yinlong New Energy's equity through the public judicial auction. Dongmingzhu, Gree’s chairman of the board, entrusted her 17.46% of the Yinlong equity to Gree.

Sales of NEVs recorded 217,900 units in June, up 181.7% on the year and 22.8% on the month, achieving positive growth for the second consecutive month.

China’s output of nickel sulphate stood at 97,700 mt or 21,500 mt in metal content in May, down 5.82% from the previous month but up 128.57% year on year.

China's refined tin output stood at 13,768 mt in May, down 11.2% from April.

China’s alumina output stood at 6.28 million mt in March. This included 6.07 million mt of metallurgical-grade alumina, with the daily output down 2.89% on the month but up 11.75% on the year to 195,900 mt. Metallurgical-grade alumina output totalled 17.32 million mt in Q1, up 7.12% on a yearly basis.