Circular on severely cracking down on illegal collection, storage, transfer, transportation and disposal of waste engine oil from waste lead batteries

Domestic new secondary aluminium capacity stood at 1.85 million mt in 2021, including 1.17 million mt of secondary aluminium casting alloy, and the total installed capacity amounted to 11.96 million mt, according to SMM statistics.

As an important anode material for lithium batteries, copper foil is in short supply due to the continuously booming new energy industry, and the conversion margins are at a high level. Many well-known domestic companies have begun to deploy in the copper foil industry.

According to the media, the existing capacity, after taking in all the disclosed production expansion projects, has reached 5 million mt, an obvious surpass over the downstream demand by 2025.

Weiming Group and Indigo signed a strategic cooperation framework agreement on November 24 for the joint development and construction of a 40,000 mt high-grade nickel matte project in Indonesia.

The power rationing and maintenance continued to limit the domestic supply of primary lead, while the consumption recovered, which will support the lead prices at a high level in the short term.

The Energy Administration of Inner Mongolia Autonomous Region issued the "Emergency Notice on Accelerating the Release of Some Coal Mine Production Capacity".

In order to speed up the utilisation of advanced coal production capacity, relevant state departments and the Inner Mongolia Autonomous government have actively promoted the continued land use of open-pit coal mines for the resumption of normal production as soon as possible.

SMM Morning Comments

SMM Morning Comments

SMM Morning Comments