[SMM Metal Breakfast] the majority of metals are green and the dollar is basically stable * the processing fee is weakly stable and the aluminum bar enters the storage cycle * the nickel-iron market basically suspends the purchase of steel mills.

"[overnight market] Silver plummeted and fell back. Us Oil broke through the 55 mark. Most of the metal markets are green and the dollar is basically stable.

"[macro outlook] focus on US ADP employment data and US EIA crude oil inventory changes

Yesterday, most of the outer plate metal market was green, Lunchu and Lunxi fell nearly 0.6 per cent, Lunzn Zinc rose nearly 0.1 per cent, Lunic Nickel fell nearly 0.7 per cent, Len lead fell nearly 1.1 per cent, and (LME) copper futures on the London Metal Exchange fell to a six-week low on Tuesday. Funds cut bullish bets on copper prices ahead of the Spring Festival in China, which accounts for 50 per cent of global copper consumption. In the domestic market, international copper and shanghai copper fell nearly 0.6%, shanghai aluminum fell nearly 0.8%, shanghai nickel fell nearly 1.2%, shanghai tin fell nearly 1.3%, shanghai lead rose nearly 0.1%, shanghai zinc rose nearly 0.5%.

The dollar index was basically stable, hitting a two-month high of 91.28 on bullish technical indicators and short covering by investors, and the market believes that the outlook for recovery in the United States is stronger than that in Europe. The market believes that the United States may recover from the novel coronavirus epidemic earlier than Europe.

The three major indexes of US stocks opened higher, with the Dow closing up 475.60 points, or 1.57%, at 30687.48; the S & P 500 closed up 52.40 points, or 1.39%, at 3826.30; and the NASDAQ closed up 209.40 points, or 1.56%, at 13612.78.

LME inventory

Macro focus

Premier Li Keqiang of the State Council: we will maintain the continuity, stability and sustainability of macro policies, promote economic operation within a reasonable range, and make the basic market of China's economy more stable. As the largest developing country, China has great market potential and still has a long way to go to realize modernization. We will rely on reform and opening up as the driving force, properly handle the relationship between the market and the government, and strive to build a new development pattern.

Ministry of Foreign Affairs: economic and trade issues should not be politicized, and the concept of "national security" should not be abused. China will, as always, welcome US enterprises to operate and invest in China, and both sides should provide a fair, open and non-discriminatory environment for each other's enterprises. China is willing to strengthen macroeconomic policy coordination with the United States and cooperate with the United States on maintaining the security of the global industrial chain supply chain and global economic and financial stability, so as to contribute to the economic growth of the two countries and the world.

Guangdong, Jiangsu and Zhejiang rank among the top three in 2020. The central bank released a statistical table on the scale increment of regional social financing in 2020. Guangdong ranked first with 4.07 trillion yuan. Jiangsu and Zhejiang ranked second and third with 3.36 trillion yuan and 3.22 trillion yuan respectively.

Central bank: a seven-day reverse repurchase operation of 80 billion yuan was carried out on Tuesday, with a net investment of 78 billion yuan as the reverse repurchase of 2 billion yuan expired on the same day.

The Ministry of Finance and the Ministry of Industry and Information Technology: the central financial special fund for the development of small and medium-sized enterprises will allocate more than 10 billion yuan of reward and subsidy funds, which will be divided into three batches (each batch is not more than three years) to support more than 1000 state-level specialized and new "little giant" enterprises to increase investment in innovation; we will promote the "four bases" of industry or the ten key industrial areas with a clear strategy of manufacturing power to "make up for deficiencies". Cooperate with the upstream and downstream of the industrial chain to promote digital, networked and intelligent transformation, and promote quality improvement and brand creation through industrial design.

The European Monetary Market Institute said it would implement four "non-substantive" adjustments on April 19th to improve the hybrid approach of (EURIBOR), the euro interbank offered rate.

Fed Kaplan: we have a chance to recover from this crisis more quickly than we did in the last crisis. Financial instability is being monitored with special attention to non-bank financial institutions. Once we know clearly that we are over the epidemic crisis, it will be more beneficial to the economy to stop taking special measures. City and state officials told me they were under financial pressure. City and state officials told me they were under financial pressure.

Overnight Shibor was 2.3130%, down 48.20bp. 7-day Shibor was 2.2410%, down 95.30 basis points. Three-month Shibor was 2.7750%, up 0.20 basis points.

According to CME Fed Watch, the probability of the Fed keeping interest rates in the 0.5% range in March is 100%, and the probability of raising interest rates by 25 basis points to 0.25% is 0%. The probability of keeping interest rates in the 0.5% range in April is 97.9%, and the probability of raising interest rates by 25 basis points is 2.1%.

Today's focus

[scrap Copper Daily Review on February 2: scrap copper processing and trade will be more deserted by waste enterprises on Friday] Today, Shanghai electrolytic copper spot quoted a discount of 20 yuan / ton to the monthly contract, with an average price increase of 10 yuan / ton, down 105 yuan / ton from yesterday. The transaction price of Pingshui copper is 57610-57820 yuan / ton, and that of Shengshui copper is 57650-57840 yuan / ton. Today, after the high opening of Shanghai copper jump, it was arranged around a narrow range of 57670 yuan / ton, and in the second period, the center of gravity gradually moved down to below the daily average line around 57620 yuan / ton narrow range rectification. "View details

[SMM survey: a list of Spring Festival holidays in recycled aluminum alloy enterprises and die-casting enterprises in 2021] Aluminum die-casting enterprises are mostly concentrated on February 4, that is, after the 23rd of the twelfth lunar month, and the return to work time is after February 17, that is, after the sixth day of the twelfth lunar month. Some enterprises arrange production in accordance with legal holidays or keep the same holiday time as in previous years. Some enterprises will choose to shorten the holiday time because of the large number of orders and need to step up production, so they will choose to shorten the holiday time. But there are almost no die-casting enterprises that stop production during the Spring Festival. "View details

[aluminum bar spot daily review: the overall performance of processing fees is weak and stable aluminum bars have entered the accumulation cycle] Today, the operation of processing fees in the mainstream domestic aluminum bar market is weak, the price center of gravity in East China market has moved slightly down 10-20 yuan / ton, the transaction is poor, and the mood of receiving goods downstream is not high. Processing fees do not change much in other areas. "View details

[China's aluminum production in 2020 increased by 8.6 per cent year on year] according to the Bureau of Statistics, China's aluminum production totaled 57.793 million tons in 2020, an increase of 8.6 per cent over the same period last year. The main aluminum production areas are: Shandong cumulative output of 11.3787 million tons; Henan cumulative output of 10.3156 million tons; Guangdong Province cumulative output of 5.2832 million tons.

[December 2020 aluminum smelting industry climate index is 46.1] in December 2020, China's aluminum smelting industry climate index rose 2.4 points from the previous month to 46.1, the sixth consecutive month in the "normal" range. As can be seen from the prosperity signal light of China's aluminum smelting industry, in December 2020, among the 10 indicators that constitute the industry climate index, only one index of total aluminum export is in the "cold" range; nine indicators, such as LME aluminum settlement price, M2, total investment in aluminum smelting, commercial housing sales area, electricity generation, alumina output, main business income, total profit and electrolytic aluminum output are all in the "normal" range.

[most of the waste aluminum recyclers stopped production and had a light turnover in the waste aluminum market] on February 2, the spot aluminum price today fell 40 yuan / ton compared with yesterday. According to SMM, most of the waste aluminum recyclers plan to stop production and have a holiday this week, waste aluminum recyclers continue to increase, the turnover of the waste aluminum market is light, and recycled aluminum enterprises continue to purchase some primary aluminum. "View details

[daily review of nickel pig iron trading: steel mill procurement is basically suspended in the nickel iron market] on February 2nd, the price of high nickel pig iron was 1100-1120 yuan / nickel point (including factory tax), which was the same as the average price of the previous trading day. Market transactions to maintain a light situation, few transactions, steel mills to buy goods enthusiasm is weak, pre-festival nickel iron prices or stable in this position. "View details

[SMM Lithium spot Price Prospect] SMM believes that due to the impending shutdown of logistics and the shutdown and overhaul of lithium salt plants before the Spring Festival, the market transaction situation has gradually weakened from the beginning of January. At present, the order trading volume is less, but the delivery is frequent. According to SMM research, although some enterprises lock the volume ahead of time, but the price follows the market, so the shipping price continues to rise. After the festival, we learned that some lithium salt plants have stopped / some of the new production lines will be put into operation. In the first half of the year, the supply (mainly mica and salt lake system) will continue to release, the tight supply situation will improve, and the price of Q2 may gradually stabilize. "View details

[SMM Daily Review: quotation Total holding stable Terbium slightly reduced] on February 2, trading in the rare earth market was light, external quotations were too few, inquiry activity continued to decline, and overall quotations remained stable. The price of individual varieties fluctuates slightly, which is a normal phenomenon in the case of the suspension of zero order goods before the festival. "View details

Hot stocks: multiple stocks rise by the limit! After the rare earth plate strengthens again, the price of medium and heavy rare earths may continue to rise] since the beginning of 2021, a number of rare earth stocks have performed well. Rare earth magnets are the largest and best downstream of rare earths, and its accelerated growth will drive a major inflection point in the supply and demand of rare earth praseodymium and neodymium. In January, the overall rare earth market rose more significantly, and a number of rare earth varieties quoted prices rose month-on-month. "View details

[SMM Silver spot Trading Daily: silver prices continue to rise] on February 2, the spot price of silver in the Shanghai stock market continued to rise. The rising discount on the supply price in spot trading corresponds to the increase of the discount on the Tender deferred contract on the Shanghai Gold Exchange. The spot transaction price of some national standards corresponds to the discount of 3-5 yuan / kg for the deferred contract on the Shanghai Gold Exchange. Some of the spot transaction prices of large factories that can make warehouse receipts correspond to the discount of 1-2 yuan / kg for Tender deferred contracts on the Shanghai Gold Exchange. "View details

[note: fundamentals have weakened, the volume of iron ore has increased and the iron ore has fallen sharply by more than 6%] on February 2, iron ore opened low today, and the afternoon market decline continued to widen. As of press time, the main iron ore contract fell by more than 6%. From a fundamental point of view, the data on the supply side of arrival in Hong Kong increased today. According to SMM tracking data, the incoming cargo volume is expected to be 17.08 million tons from 1.24 to 1.30 days, an increase of 1.7 million tons over the previous period and 5.43 million tons higher than the same period last year. In this period, the number of arrivals in Shandong and Tangshan has increased significantly. "View details

[the latest listing price of medium and heavy rare earth oxides in southern China announced an increase of 100000 yuan / ton in the average price of terbium oxide.] A few days ago, southern rare earths announced the latest listing price of medium and heavy rare earth oxides, and the listing prices of many products were raised. Among them, the average price of terbium oxide increased by 100000 yuan / ton compared with last week, dysprosium oxide increased by 70, 000 yuan / ton compared with last week, and lutetium oxide increased by 50, 000 yuan / ton compared with the previous period. The average price of yttrium oxide increased by 4000 yuan / ton compared with last week, while the prices of other varieties remained unchanged.

[Tianjin Port Co., Ltd. and Ningxia Tianyuan Manganese Group signed a strategic cooperation agreement] on January 27, Tianjin Port Co., Ltd. and Ningxia Tianyuan Manganese Group Co., Ltd. signed a strategic cooperation agreement in Ningxia. The two sides will firmly grasp the strategic basic point of expanding domestic demand, take the construction of a transportation power and a manufacturing power as the vision, and take the construction of Tianjin northern international shipping hub as an opportunity to consolidate their competitive advantages in their respective fields and stimulate the driving force for sustainable development. we will enhance the momentum of high-quality development, join hands to promote the coordinated economic development of the eastern and western regions, and contribute to serving the national strategy and regional economic development. "View details

[institutional point of view] Liu Xu, a German futures analyst, said in an interview with SMM: the current port inventory is about 125 million tons, Australia and Pakistan shipments are gradually increasing, port ship pressure is gradually accumulating, while the current demand is seasonally declining, steel mills are affected by profit compression and maintenance, and raw material pressure is gradually accumulating. It is expected that the short-term pressure on the raw material side can be resolved only with the pick-up of demand and the increase in the pace of resumption of production after the end of the year. If the ore is stabilized in the later stage, the pressure of the ore in the recent month will be less than that in the distant month, and the phased positive sleeve structure will still exist.

[high-carbon ferrochromium] on February 2, the price of high-carbon ferrochromium was temporarily stable today, and the market can refer to it less. Individual manufacturers in the north have a spot margin of 100 tons, and the quotation is aimed at a high range. At present, the policy of environmental protection and power restriction in Inner Mongolia continues, and the industry believes that the second round of environmental protection will be a long-term behavior, and the phenomenon of tight supply in the future will also continue. in order to cope with the peak consumption season of stainless steel market after March, the purchasing stock of steel mills is much higher than before. Some people think that the weak trading atmosphere on the eve of the Spring Festival is normal in terms of price and time, but the market may show a new round of rise at the end of February.

[manganese ore] on February 2, the price of imported manganese ore across the country remained stable today, and the rainstorm time in South Africa has not yet had a concentrated impact on local transportation and exports. The epidemic situation in South Africa has also improved to a certain extent, and the disaster level in South Africa has been downgraded. Domestic operators are optimistic about the short-term supply of manganese ore in South Africa and have no willingness to purchase a large number of stocks in advance. Due to the light trading atmosphere in the last two weeks, individual manufacturers have demand for sales and replenishment. However, the overall trading atmosphere remains relatively low, the cooperation of time and volume has not been obtained, and the mineral price remains stable.

[SMM hot roll arrival: the pressure on the port in the north has not yet alleviated the continuing tight supply in the south] according to SMM statistics, the total market resources are expected to arrive at 138000 tons this week, a decrease of 119000 tons, or 46%, from the previous month. Shanghai market: there has been a significant decrease in the volume of goods arriving in the Shanghai market this week. Mainly due to the significant decline in transport capacity of the ports in North China and Northeast China due to the influence of policies and weather, the southward movement of resources in Northeast and North China has been seriously hindered, and the port has accumulated more inventory and pressed the port seriously. "View details

[Foshan stainless Steel Daily Review] on February 2nd, according to SMM, due to the strong holiday atmosphere in South China, traders closed the market to stop taking orders and shipping, except for a limited number of short-term orders for this Friday holiday, and the end of the year was mainly based on finance and audit. SMM believes that the change in steel prices is relatively small, and the overall stable operation is the main.

[gold] Shanghai Gold Institute: recently, the fluctuation of precious metal prices in the international market has intensified, and the market risk has increased. At the same time, with the Spring Festival holiday approaching, members are invited to raise their awareness of risk prevention, do a good job in risk emergency plans, and prompt investors to do a good job in risk prevention, reasonable control of positions and rational investment. The exchange will take risk control measures according to the situation to maintain the smooth operation of the market and protect the interests of investors.

Important news of metals and industry

[the second phase of the Ivanhoe: Kamoa-Kakula copper mine, which reached 300000 tons in January, is scheduled to be put into production in the third quarter] recently, Robert Friedland and Yufeng "Miles" Sun, co-chairs of Ivanhoe Mining, announced that in January, the underground development of the Kamoa-Kakoula copper project in the Democratic Republic of the Congo has mined and stored 300000 tons of ore extracted from the Kamoa-Kakula mine, with a grade of 5.45% copper. The tonnage increased by 11.5% over December, while the copper grade increased by 1.6%. "View details

[EGA will supply 43000 tons of solar aluminum to its first customer, BMW.] the United Arab Emirates Global Aluminium, the world's largest "premium aluminum" producer, has announced that it has ensured that BMW is the first customer of its solar CelestiAL aluminum. Under the contract, EGA will supply BMW with 43000 tons of solar-powered aluminum, the first of its kind in the United Arab Emirates. Solar aluminum using EGA will help BMW reduce its carbon dioxide emissions by about 222000 tons a year. "View details

[Metro Mining aims to sell 2.3 million tons of bauxite to new shipments] Metro (Metro Mining) expects sales to increase in the coming year, including 2.3 million tons of bauxite in the off-take agreement with Xinfa. The company's financial position in 2021 was also satisfactory, driven by strong deliveries of bauxite in the June and September quarters of 2020. The company aims to sell 2.3 million tons of bauxite from total production to SGD by 2021, as well as other delivery projects currently under negotiation, which are considering a price structure linked to the current market price of bauxite. "View details

[southwest Aluminum strives to achieve a good start to the first month "export output increased by 21% compared with the same period last year] in January, while doing a good job in epidemic prevention and control, Southwest Aluminum made every effort to ensure the production of key products and won a" good start "in the first month of 2021: export output increased by 21% year-on-year, of which the group and the business department increased by 10% and 26% respectively, achieving a substantial increase in profits compared with the same period last year.

In order to promote the green sustainable development of Baowu Aluminum and practice the green manufacturing concept, on January 26, Baowu Aluminum Technology Co., Ltd. and Baowu Clean Energy Co., Ltd. held a video signing ceremony with Baowu Clean Energy Co., Ltd. (hereinafter referred to as "Baowu Qingneng"). The two sides reached cooperation on jointly promoting the use of distributed photovoltaic on the roof of the plant. "View details

[Sichuan Yuan Aluminum annual output of 60,000 tons of high-efficiency aluminum deoxidizing material production line project officially started] Sichuan Yuan Aluminum annual output of 60,000 tons of high-efficiency aluminum deoxidizing material production line project, with a total investment of 500 million yuan, covering an area of 50 mu, mainly the construction of high-efficiency aluminum deoxidizing materials, automobile traffic alloy aluminum and other production lines, as well as the R & D and production of new aluminum materials. The construction period of the project is 12 months, which is scheduled to start in January 2021 and be completed in December 2021.

[Shenhuo aluminum foil Shangqiu factory first batch of aluminum foil officially offline] Shenhuo aluminum foil Shangqiu factory after 3 years of preparation and construction and equipment installation and commissioning, on January 25, 2021, the first batch of aluminum foil products officially off the line, and completed sales and shipment. The project is a high-end aluminum foil project invested by Shenhuo Group in 2017. all the major equipment are world-class, with a total investment of about 3.6 billion yuan and a planned annual production capacity of 55000 tons. The first production order is 6 μ products, the quality reaches the industry level.

[BergWarner supplies aluminum die-casting split boxes for Nissan] recently, BergWarner Co., Ltd. reached an agreement with Japanese automaker Nissan Motor Co., Ltd. BergWarner will supply time-sharing four-wheel drive boxes to Nissan for the production of Navarra pickup trucks and Paladin SUV models.

In 2020, Guangxi Huacheng completed 110.86% of the annual assessment profit target of Chinalco Group, and fought a beautiful battle of "putting into production and making profits". On June 18, the first ship of Guinean ore arrived at the port; on June 30, the 2 million-ton alumina project had the conditions for trial production; on 22 July, series I of the 2 million-ton alumina project was successfully put into commissioning; on October 28, the 2 million-ton alumina project was put into full production; on November 11, the production capacity of the alumina project reached the design value of 2 million tons.

[Aba Aluminum Plant has been successfully included in the first batch of enterprises that meet the 2020 "Aluminum Industry Standard conditions" announcement] recently, in accordance with the requirements of the "Aluminum Industry Standard conditions" implemented by the Ministry of Industry and Information Technology, Aba Aluminum Plant has actively carried out the application work of standardizing enterprises in the aluminum industry, and has gone through the procedures of preliminary examination in the county and province, expert group examination, on-site verification, soliciting departmental opinions and online publicity. Finally, it was successfully included in the list of the first batch of electrolytic aluminum enterprises that met the "aluminum industry standard conditions" in 2020.

[Grammy: with the rising price of cobalt and nickel metal, the sales price of the company's full range of products has also risen sharply] Greenmei said on the interactive platform that the company has a wide range of products. Main cobalt salts, nickel salts, ternary precursors, cobalt tetroxide, cobalt powder / cobalt tablets, etc. With the rising prices of cobalt and nickel metals in 2020 and 2021, the sales prices of the company's full range of products have also risen sharply.

[Hongxing stainless steel of Jiuquan Iron and Steel Co., Ltd.: planned output of 990000 tons in 2021 got off to a good start in January] in January, the production was stable and smooth, the output and quality improved steadily, and seized the favorable opportunity of the market to actively organize the market to take orders and launch sales. to achieve the first month of 2021 output, sales, profits are over-fulfilled the plan. Steel output achieved 105% of the planned, year-on-year increase of 26%, timber output of 114%, year-on-year increase of 36%, sales of 118% of the planned, year-on-year increase of 13%, profits exceeded the target and got off to a good start. "View details

[Glencore signs cobalt supply agreement with Norwegian battery manufacturer FREYR] recently, Glencore (Glencore) signed an agreement with Norwegian battery manufacturer FREYR to supply FREYR with 3700 tons of cobalt metal from its Norwegian subsidiary Nikkelverk. Glencore will also buy a stake in Freyr through its stake in investment company Alussa Energy Acquisition, which is expected to merge with Freyr in the second quarter. "View details

[steel] according to the (AISI) of the American Iron and Steel Association, in the week ended January 30, 2021, the domestic raw steel production in the United States was 1.725 million tons, with a capacity utilization rate of 76.1%. Production for the week ending January 30, 2021 was 0.5 per cent higher than that of the week ending January 23, 2021, when production was 1.717 million tons and capacity utilization was 75.7 per cent. In the week ended January 30, 2020, production was 1906000 net tons and capacity utilization was 82.4 per cent. This week's output is 9.5% lower than that of the same period last year.

[steel] American Steel reported a net profit of $49 million in the fourth quarter of 2020, compared with a net loss of $668 million in the fourth quarter of 2019. The full-year net loss for 2020 was $1.17 billion, compared with a net loss of $630 million for 2019. Net sales in the fourth quarter of 2020 totaled $2.56 billion, compared with $2.82 billion in the fourth quarter of 2019. For all of 2020, net sales totaled $9.74 billion, compared with $12.94 billion in 2019.

[Shaanxi Nonferrous Yulin New material Group achieved a good start in the first month of 2021] at the beginning of the new year, Shaanxi Nonferrous Yulin New material Group focused on regular epidemic prevention and control and production control, and made a good start to production in January. In January, the company achieved various production targets with high quality. Among them, the output of aluminum ingots is 51962 tons, the power generation is 885 million kilowatt-hours, and the output of raw coal is 728300 tons, which is 1551 tons, 23 million degrees and 46100 tons higher than that of the same period last year, respectively. The current efficiency is 91.55%, and the comprehensive AC power consumption of primary aluminum is 13692kW / h, which is obviously better than that of the same period last year.

[Golden Minerals announces the first gold mining in the Rodeo gold project] Golden Mining is mining from the Rodeo gold project in the state of Durango, Mexico. The gold pouring took place on January 30, 2021 as scheduled. The first pouring produced about 150 gold equivalent ounces. Golden Mining plans to mine more gold mines in early February. "View details

On January 29th, China Nonferrous Metals Industry Association held a press conference on the operation of the non-ferrous metals industry for the whole year of 2020. [the output of China's ten kinds of non-ferrous metals exceeded 60 million tons in 2020 and the performance of the industry was significantly better than expected]. Jia Xing, vice president and secretary-general of China Nonferrous Metals Industry Association, introduced the situation and answered reporters' questions. Jia Xing said that after bottoming out in the first quarter, the non-ferrous metals industry has gone out of the trend of recovery and improvement from the second quarter. Overall, the operation of the whole year of 2020 is obviously better than expected, and the production and efficiency of non-ferrous metals industry and the average annual price of copper and aluminum are better than the previous year. "View details

Terminal information

[hot stocks: Poly Xiexin Energy shares soar 30% to reach the 10,000-ton class] according to recent reports, at 10:00 on Wednesday, February 3, Poly Xiexin will officially announce to the world via online live broadcast that the annual effective production capacity of Jiangsu Zhongneng Silicon Technology Development Co., Ltd., the main body of Jiangsu Zhongneng Silicon Technology Development Co., Ltd., which is the main body of granular silicon (FBR), has increased to 10000 tons from the previous 6000 tons. Officially entered the 10,000-ton capacity scale. On the afternoon of February 2, the rise in Hong Kong stock Poly Xiexin Energy expanded to 30%. "View details

[China's production of 29.661 million electric bicycles in 2020 increased 83 percent over the same period last year.] data from the Ministry of Industry and Information Technology showed that from January to December 2020, among the main products of the national bicycle manufacturing industry, the output of two-wheeled pedal bicycles was 44.368 million, an increase of 24.3 percent over the same period last year. The output of electric bicycles was 29.661 million, an increase of 29.7 percent over the same period last year. In December, the national production of two-wheeled bicycles was 4.26 million, an increase of 29.3 percent over the same period last year, and that of electric bicycles was 2.224 million, an increase of 6.5 percent over the same period last year.

[Enjie shares] Enjie AG plans to invest 2 billion yuan to build the lithium battery isolation membrane dry process project, which is divided into two phases, the first phase of the project is to invest 1 billion yuan, and the second phase of the project is to invest 1 billion yuan.

[IDC: domestic mobile phone market Huawei won the top spot in 2020 5G handset shipments accounted for more than half] according to the international data company (IDC) mobile phone quarterly tracking report, the Chinese smartphone market shipped about 86.4 million units in the fourth quarter of 2020, a slight increase of 0.3% compared with the same period last year. Total shipments in 2020 were about 326 million units, down 11.2% from the same period last year. In the fourth quarter, shipments of Apple, OPPO, vivo and Xiaomi all increased significantly. In the fourth quarter, domestic 5G mobile phones shipped about 60 million units, and in 2020, the cumulative shipments were about 167 million units, accounting for more than 50 per cent.

[automobile] BYD: the board of directors of the company agrees to increase the capital of the wholly-owned subsidiary BYD Automotive Industry Co., Ltd. by US $850 million or equivalent RMB in the form of cash contribution, RMB 3 billion to the holding subsidiary BYD Automobile Co., Ltd., and RMB 3 billion to the wholly-owned subsidiary Shenzhen BYD supply chain Management Co., Ltd.

[Ningde era: strive to plan and build 150GWh lithium battery capacity and related supporting industries in Guangdong by the end of 2030] Ningde era signed a strategic cooperation framework agreement with the Guangdong provincial government in Guangzhou. Ningde Times will invest in the construction of a lithium battery production base in Zhaoqing, Guangdong Province, with a planned construction capacity of 25GWhh and an investment of 12 billion yuan in the first phase. to build a new energy industry chain including power battery cells, lithium materials, energy storage applications, battery recycling, new energy vehicles, drive motors and electric control, and carry out comprehensive cooperation in the frontier fields of the industry. We will strive to plan and build 150GWh lithium battery capacity and related supporting industries in Guangdong by the end of 2030, so as to form a trillion-level industrial cluster of the whole new energy industry chain.

[Ningde era] Ningde era: it is planned to invest no more than 29 billion yuan to build three battery projects. Located in Lingang Economic and technological Development Zone, Yibin City, Sichuan Province, Zhaoqing City, Guangdong Province, and Xiapu County, Ningde City, Fujian Province, the total investment of the project is expected to be 12 billion yuan, 12 billion yuan and 5 billion yuan respectively.