[SMM Metal Breakfast] Metal collective rise * Raw materials soar copper clad laminate prices have risen many times * the operating rate of aluminum profile enterprises dropped sharply in February.

[overnight market] Metal rose across the board, Lunxi rose 3.2%, the S & P Dow hit another all-time high.

[macro outlook] US PPI annualized rate in February

Yesterday, all metals in the outer disk closed higher, with Lunxi up 3.2% and Lunchen copper and zinc up more than 2%. SMM research shows that entering March, it is in the peak season of traditional consumption of die-casting zinc alloy, as the start of the terminal enterprises turns to normal, the market demand will continue to improve, and domestic consumption will still be driven by demand, while the demand for locks, electronic products, door and window hardware, and auto parts is recovering; the export demand is OK, mainly in sanitary ware, electronics, valves, toys, zippers and other aspects, driving market demand.

The dollar index continued to fall after US President Joe Biden signed into law novel coronavirus's rescue package. At the same time, there are signs that demand for foreign accounts is weak, thus dampening demand for dollars.

Us stocks rose collectively, with the S & P 500 up 1.04% at 3939.34, the NASDAQ up 2.52% at 13398.67 and the Dow up 0.58% at 32485.59.

In terms of crude oil, US oil and cloth oil brushed the recent three-day highs of US $66.21 / barrel and US $69.84 / barrel respectively, showing signs of a growing recovery in fuel consumption; rapid progress in vaccination indicates a surge in summer driving.

In precious metals, the rebound in US bond yields put pressure on gold prices, and the sharp rise in US stocks also undermined the attractiveness of safe-haven gold, although the sharp fall in the dollar index limited the decline in gold prices.

Yesterday, the A-share market rose and fluctuated throughout the day, the index rose more than 2% collectively, individual stocks rose generally, nearly 100 shares rose more than 9%, the money-making effect is better. On the plate, the main line of carbon neutralization continues to spread, the concept of branch carbon trading is the strongest, and periodic plates on the supply side, such as cement, iron and steel, non-ferrous metals, and resource recovery, broke out across the board, and spread to carbon reduction directions such as the sixth grade of the country. Stimulated by the news, the semiconductor plate pulled up sharply in the afternoon. In addition, banks, airport shipping, titanium dioxide and other sectors that benefited from economic recovery also performed well, and Guizhou Moutai and other stocks that were oversold in the short term continued to repair. Individual stocks, high-standard collective rebound, popular leader Zhongliao energy-saving limit, short-term popularity warmed up. On the whole, the market continues to shrink and enter the long-short balance zone. On the market, the theme was red across the board, with cement, non-ferrous and third-generation semiconductors among the top gainers. As of the close, the Prev index rose 2.36% to close at 3436 points, the Shenzhen Composite Index rose 2.23% to close at 13866 points, and the gem index rose 2.61% to close at 2746 points.

LME inventory

Macro focus

[Yang Jiechi and Wang Yi will hold high-level strategic dialogue with the US side] Foreign Ministry spokesman Zhao Lijian announced: at the invitation of the US side, Yang Jiechi, member of the political Bureau of the CPC Central Committee and director of the Office of the Central Foreign Affairs Committee, State Councilor and Foreign Minister Wang Yi will hold a Sino-US high-level strategic dialogue with US Secretary of State Abraham Lincoln and National Security Assistant to the President Sullivan in Anchorage from March 18 to 19.

[Premier Li Keqiang of the State Council: China will reduce the "negative list" of foreign investment in China, making China an important destination for foreign investment. Li Keqiang said: we will further take the initiative to open up to the outside world, continue to reduce the "negative list" of foreign investment in China, and continue to promote the opening up of the service industry to the outside world. Many foreign enterprises are concerned about China's business environment and should continue to create a market-oriented, legalized and international business environment. Through various efforts, we will continue to open wider to the outside world in the course of expanding domestic demand, making China an important destination for foreign investment and a big market in the world.

Premier Li Keqiang: we do not have the so-called quantitative easing in 2020, and there is no need to make a sharp U-turn in 2021. In 2021, we should maintain policy continuity and sustainability to stabilize the economy and promote improvement. In the face of a rare and huge shock last year, we can say that we took timely and decisive measures, but we also maintained our strength and did not flood. We will increase the size of our budget by 2 trillion yuan, and it will take seven days to reach the grass-roots level directly to ensure that tax reduction and fee reduction can achieve quick results. Fertilization must be applied to the roots and hit the point in order to have a quick and effective effect. Therefore, this scale is reasonable, and the reserve policy was not used later.

Premier Li Keqiang of the State Council: when we put forward the expected target of economic growth of more than 6%, we are not setting a plan, but are guiding the expectation. We hope to guide the expectation to consolidate the foundation for restoring economic growth, promote high-quality development, and maintain sustainability. In particular, linking up with the goals of next year and the year after next will not cause great ups and downs, otherwise it will disturb the expectations of the market. In terms of finance and finance, we should achieve "one reduction, one increase, one steady decline". Among them, "steady decline" is to stabilize the leverage ratio, at the same time, guide financial enterprises to reasonably yield profits, so as to make the financing of small and medium-sized enterprises more convenient and the financing costs of small and medium-sized enterprises to fall steadily. In addition, when we formulate macro policies in 2021, we will still adhere to the policy of giving priority to employment. We will continue to promote "six stability" and achieve "six guarantees", or give priority to employment.

[Hao Peng, director of the State-owned assets Supervision and Administration Commission: strengthening key core technologies and deepening the implementation of three-year action on the reform of state-owned enterprises] on the 11th, Hao Peng, director of the State-owned assets Supervision and Administration Commission, went to China Telecom to investigate the scientific and technological innovation of enterprises, the reform of state-owned enterprises He stressed: it is necessary to vigorously enhance the ability of scientific and technological innovation, focus on national demand, integrate forces as a whole, strengthen planning and guidance, improve the incentive mechanism for technological innovation, encourage and guide researchers to do a good job in basic research and applied basic research, strengthen key core technologies, and be a good "birthplace" of original technology in the Internet information industry. It is necessary to thoroughly implement the three-year action on the reform of state-owned enterprises, improve the market-oriented management mechanism, fully stimulate the vitality of enterprises, improve their core competitiveness, and amplify the comprehensive effects of reform.

[CDB will issue the first carbon-neutral bond of no more than 20 billion yuan] the China Development Bank announced on Thursday that it will issue the first "carbon-neutral" bond pass green financial bond to global investors on the 18th and launch a pre-issue on the 12th to realize the transaction and pricing ahead of time. The amount of bonds issued in this issue is no more than 20 billion yuan, which is the largest amount of green bonds issued in the whole market to help achieve the goal of carbon peak and carbon neutralization. This bond is China's first carbon neutral bond certified by the International Climate Bond Initiative ((CBI)). The funds raised will be used for wind power, photovoltaic and other carbon reduction projects.

The European Central Bank left its three key interest rates unchanged, in line with market expectations. In addition, net purchases under the asset purchase programme will continue at a rate of 20 billion euros per month.

Overnight shibor was at 1.7960%, up 4.90bp. 7-day shibor was 2.0600%, up 2.20bp. Three-month shibor was 2.7330%, down 0.40bp.

Today's focus

[SMM analysis: the price of copper clad laminate skyrocketed across the whole line after the festival. After the festival, we ushered in a bullish 2021, with commodities rising and copper and chemical markets also ushering in a bull market. Among them, copper and resin, which are the main raw materials of copper clad laminate, have soared again and again after the Spring Festival, brushing new highs for many years. In fact, since the second half of last year, the prices of raw materials for copper clad laminates began to rise one after another. For many copper clad laminates, they still had lingering fears. Unexpectedly, they had just entered the year of the Ox, and another wave of price increases hit. .. In this context, what is the downstream demand of copper clad laminate enterprises? How to supply raw materials? "check the details."

[scrap copper daily review: rising copper prices cause scrap copper quotations to be firm and low-priced supply is difficult to find] yesterday late-day pull up, superimposed scrap copper merchants do not have much supply, giving priority to the delivery of early high-price orders, so standing price for outgoing goods or pre-sale. Scrap copper rod sales prices rose slightly, restraining purchasing prices, but after copper prices continued to rise in the afternoon, scrap copper purchasing prices rose slightly. Overall, scrap copper procurement to maintain the seller's market, strong bargaining power, resulting in a significant decline in the profits of waste enterprises in the near future. Waste enterprises are forced to look for low-cost scrap copper, but it is difficult to purchase. "check the details."

[SMM analysis: copper price rise limits resumption pace copper pipe start-up rate in February is not as expected] according to SMM survey data, the copper tube enterprise operating rate in February was 62.67%, down 20.04% from the previous month, and an increase of 23.61% over the same period last year. Affected by the Spring Festival holiday, the operating rate of copper pipe enterprises fell month-on-month in February, exceeding our expectations, as copper prices soared after the holiday to restrain the pace of recovery in downstream consumption. Judging from the performance of sub-enterprises, the decline in the operating rate of large enterprises is smaller than that of small and medium-sized enterprises, which is also related to the state's policy of "celebrating the Spring Festival in place" during the Spring Festival this year. Most large enterprises respond to the state's call to reduce or not take holidays during the Spring Festival. On the other hand, most small and medium-sized enterprises entered the holiday mode in early February, and most of them returned to work after the Lantern Festival. Some enterprises received orders for only 10 days in February. Overall, the capacity utilization rate declined significantly in February. (research enterprises: 22, production capacity: 2.27 million tons) "View details

[SMM survey: operation rate of recycled aluminum alloy enterprises in various regions in February 2021] SMM investigated and analyzed the start-up rate of recycled aluminum alloy enterprises in various regions of the country in February, and the start-up rate decreased significantly in February, mainly due to the suspension of production of recycled aluminum enterprises during the Spring Festival. "check the details.

[less raw aluminum supply, insufficient supply of cooked aluminum supply gradually returned to normal] on the 11th, aluminum prices rose again 270 yuan / ton. Waste aluminum recyclers raised the price of cooked aluminum by 100,200 yuan per ton, while the price of raw aluminum remained stable. Relatively speaking, the price of cooked aluminum in coastal areas has risen even more. In addition, by type, the supply of raw aluminum is tight, while the supply of cooked aluminum is gradually returning to normal, relatively abundant. "check the details."

[SMM analysis: the operating rate of aluminum profile enterprises dropped sharply in February. Poor orders under the concussion of high aluminum prices] according to SMM data, the operating rate of profile enterprises dropped 17.58 percent to 32.69 percent in February. The recent trend of aluminum prices is tangled and turbulent. SMM investigated the supply and demand of some profile enterprises and learned that the recent downstream orders of profile enterprises are poor, raw material procurement is cautious, and high aluminum prices lead to heightened fear of heights in the lower reaches, which to a certain extent suppresses some downstream consumption. On the whole, the short-term Shanghai Aluminum continues high and wide range concussion on the market. Fundamentals, the current stock accumulation rate of aluminum ingots for domestic consumption slows down. In the short term, the decline is in line with previous expectations. The current market generally believes that the inventory peak is around 1.35 million tons, and downstream demand recovers. Inventory inflection point may appear in the middle and second half of this month "check details"

[national Aluminum Bar inventory Weekly Review] recently, the processing fees of aluminum bars have rebounded slightly, and the shipments of the holders are more active. The shipment situation is relatively good this week, and the aluminum bar inventory is in a state of going out of storage for the first time in a year. At present, aluminum bar inventory has fallen by 9500 tons to 236800 tons from the previous month. Among them, the depots in Nanchang, Foshan and Huzhou areas performed well, and the inventory decreased by 5500 tons, 4500 tons and 2000 tons respectively, while those in Wuxi and Changzhou areas were slightly accumulated. "check the details."

[SMM data] domestic electrolytic aluminum inventory increases by 55000 tons to 1.228 million tons weekly, the growth rate continues to slow. "check the details.

[LME aluminum inventory soars 328000 tons contango structure is expected to expand] March 11 LME aluminum inventory increased by 328100 tons, a record increase, of which the Klang warehouse increased by 329625 tons. Lun aluminum diving decline after the release of the data, is expected to be affected by the impact of Shanghai aluminum on the impulse to slow down in the evening, continue to maintain a high shock. SMM believes that the surge in inventory is mainly due to the visibility of invisible inventory, or the slight pressure on LME aluminum futures in recent months, and the contango structure will expand. "check the details."

[note: LME lead stocks soared 20, 000 tons and lead prices rebounded. On March 11, LME lead stocks surged 20800 tons a day to 115700 tons, returning to the 110000-ton mark a month later. Recently, the price of lun lead has fallen one after another, as low as 1942.5 US dollars / ton, while the 0-3 lead discount has gradually expanded to-27 US dollars / ton as of March 10. Until today, Lun lead barely stopped falling to show signs of recovery, the current inventory surge, or drag down the pace of lead price recovery. "check the details."

[SMM Analysis: February demand drops seasonally, March Die casting Zinc Alloy consumption is expected] SMM 11 March: according to the (SMM) survey of Shanghai Nonferrous net, the operating rate of die casting zinc alloy enterprises of the original sample in February was 14.72%, which decreased by 30.21% compared with the previous month, and increased by 3.38% compared with the same period last year. In the new sample (note: the number of enterprises surveyed in the new sample is 66, involving a production capacity of 1.6084 million tons), the operating rate in February was 19.76%, down 42.2% from the previous month. Overall, the start-up rate of die-casting zinc alloy enterprises in the sample in February was lower than that in January, slightly higher than that in the same period last year. "check the details.

[daily review of nickel pig iron trading: steel mills temporarily have no replenishment demand nickel iron transaction continues to be deserted] on the 11th, the quotation of high nickel pig iron is 1130-1150 yuan per nickel point (including factory tax), which is the same as the average price of the previous trading day, and the nickel iron market still has no active inquiry and offer. The cold state continues, the inventory of the nickel iron factory is OK, the stainless steel factory is in no hurry to purchase, and the wait-and-see state continues, and the psychological price difference between the two sides is obvious. The transaction is active or you need to wait for the inventory consumption part of the steel mills. It is expected that some steel mills will enter the market for purchase in the middle of March, and the price will gradually become clear. "check the details.

[SMM investigation: a steel mill in South China discussed cold rolling with a northern steel mill] it is understood that recently, a steel mill in South China is negotiating with a steel plant in the north about the "substitute processing" of cold-rolled stainless steel, and the steel mills of the two sides have entered into negotiations on "production technology", but details such as the source and transportation of the processed billet have yet to be determined. If the cooperation is finalized, according to the production capacity of the steel mill, it is estimated that there will be 200000 tons / year of cold rolled stainless steel production supply, mainly radiating the East China market, and its steel grade is expected to be its own advantage steel 400 series. "check the details.

[SMM analysis: environmental production limits continue to upgrade steel prices are expected to stop falling and pick up after panic] according to SMM research, on March 11, the operating rate of blast furnaces counted by SMM was 85%, down 1.2% from the previous week and 1% from the previous month. This week, the Air pollution Department of the Ministry of Ecology and Environmental Protection issued a work research letter to the Tangshan government and led a team to Tangshan to investigate. Tangshan subsequently held an emergency environmental protection conference and launched a first-class red warning response, requiring enterprises to implement production control measures. then, Jinan, Dongying, Yantai and other places in Shandong have also issued orange warnings for heavy pollution weather. The continuous upgrading of environmental production restrictions has led to a further decline in the operating rate of blast furnaces this week. "check the details.

[SMM thread inventory: demand recovery has not been completed, and the turning point is expected to be reduced next week] as of March 11, the national total inventory of building materials was 17.708 million tons, with a month-on-month ratio of + 2.1%, and the lunar calendar was-10.8% compared with the same period last year. With the continued recovery of terminal demand, the rate of inventory accumulation is still narrowing this week. At present, the demand for rebar is recovering at a high speed, and the rate of inventory accumulation is rapidly narrowing. It is expected that it will enter the depot channel next week, and the spot price still has a relatively strong bottom support, especially in the past two days. while the iron ore led by environmental production restrictions led to a decline in the black futures market, the negative mood that terminal demand returned to less than expected was also released. "check details."

SMM hot volume inventory: hot volume ushered in a comprehensive drop in the spot price bottom support is strong! The total inventory of hot-rolled coil this week is 4.3557 million tons, compared with last week-145300 tons, month-on-month-3.23%, year-on-year-17.60%. Recently, the output of steel mills has declined, and the supply side has been reduced. The superimposed terminal demand is gradually started, and the digestion speed of hot volume resources is accelerated, prompting this week's hot volume to end its accumulation for 9 consecutive weeks and turn to reduce it. Hot rolls have basically entered the inventory reduction cycle, and it is expected that the inventory pressure will be significantly alleviated in the near future. Judging from the current fundamentals, under the expectation of the "carbon neutralization" policy, environmental protection production restrictions will continue to be tightened and will become the norm, which is expected to bring great obstacles to the production of steel mills and reduce hot coil production to a certain extent. "check the details.

[MMi iron ore port spot index report (11th)] Liantie was strongly volatile throughout the day, with the main contract I2105 up 5.55% throughout the day; the port spot market quotation in early trading was about 10 yuan / ton higher than yesterday. Most steel mills continue rigid demand procurement, some merchants improve their shipping mentality, and gradually raise their quotations as the market turns red in the afternoon, and the trading atmosphere in the port spot market is OK today. The turnover of PB powder in Shandong area is 1118-1140 yuan / ton, which is 10-25 yuan / ton higher than that of yesterday. "check the details."

[SMM Daily Review: rare earth market overall stable quotation for individual varieties fell slightly] on Thursday, the rare earth market as a whole remained stable, with individual product prices falling slightly. After the listing price of rare earths in the north was announced yesterday, market confidence was boosted, and a number of big companies believe that prices may maintain stability for a period of time, with limited room to fall. In terms of light rare earths, the prices are mostly the same as yesterday, and in terms of changes, praseodymium and neodymium oxides are at 57-572000 yuan / ton, the average price is 4000 yuan / ton lower than yesterday, and some low-level transactions are around 560000 yuan; metal praseodymium and neodymium are 71-720000 yuan / ton, the average price is 10, 000 yuan / ton lower than yesterday, there are few transactions, the willingness of large manufacturers to take the initiative to quote is weak, some enterprises said that they are still in delivery, there is no spot sale "to check the details.

Important news of metals and industry

[interpretation of large-size Silicon Wafer Development: competition, value Distribution, Technology and Product Development Direction] on March 11, at the 2021 China Silicon Industry chain Summit held by SMM, Liu Zheng, Technical Director of Tianjin Huanou International New Energy Technology Co., Ltd., gave a comprehensive explanation on the development of large-size silicon wafers, the competition of assembly market, the key markets of enterprises and the corresponding value distribution, technology and product development direction. Liu Zheng said that with the release of "Kuafu" products in Central 816 in 2019, the era of large size has begun, and large size will become the mainstream in the future. The industrial chain will continue to innovate on large size platforms and continue to reduce LCOE. "check the details."

At the eighth China Silicon Industry chain Summit Forum 2021 held by SMM, Wang Jin, president of the Intercontinental Energy Consulting Institute, introduced the challenges of energy transformation under the goal of carbon neutralization, and interpreted the goal and path of "carbon neutralization", the current situation of carbon emissions in countries around the world, and the role and mission of the photovoltaic industry. Wang Jin said that China's "carbon neutralization" path mainly includes energy efficiency improvement, power sector decarbonization, renewable energy substitution, terminal energy sector electrification, transportation, construction, non-electric low-carbon fuel conversion, industry, transportation and other industries such as hydrogen energy substitution, biological carbon sequestration, afforestation, other carbon sequestration technologies, carbon capture, utilization and sequestration (CCUS).

[interview to the two sessions: deputy Yang Yan: attach importance to the development and utilization of nickel and cobalt resources] for many years, Yang Yan, deputy to the National people's Congress, director of the Nickel and Cobalt Research and Design Institute of Jinchuan Group, and deputy director of the State key Laboratory for Comprehensive Utilization of Nickel and Cobalt Resources, has been crawling and rolling on the way of studying the development and utilization of nickel and cobalt resources. it can be said that it has contributed a lot to the development and utilization of nickel and cobalt in China. Many achievements have been made in the development of new nickel-cobalt metal materials and metallurgical technology. As a member of the State key Laboratory for the Comprehensive Utilization of Nickel and Cobalt Resources, the development and utilization of Nickel and Cobalt Resources is still the focus of her attention at the two sessions this year. Yang Yan said: at the beginning of the development of nickel and cobalt resources, it was to solve the problem of "sticking neck" in the supply of nickel and cobalt resources in our country.At present, the country is moving towards the goal of being a manufacturing power, a transportation power, and an aerospace power.Therefore, attaching importance to the development and application of nickel and cobalt resources will contribute to the high-quality development of many strategic application fields in our country.

[notice issued by the Development and Reform Commission of Inner Mongolia Autonomous region, Department of Industry and Information Technology, Energy Bureau on several safeguard measures to ensure the completion of the double Control targets of Energy consumption during the 14th five-year Plan] SMM learned from the Development and Reform Commission of Inner Mongolia Autonomous region that on March 9, the Development and Reform Commission of Inner Mongolia Autonomous region, the Department of Industry and Information Technology, the Energy Bureau issued a circular on several safeguard measures to ensure the completion of the dual energy consumption control targets of the 14th five-year Plan. Article 10 of item 2 of the notice contains requirements for technical transformation of high energy-consuming industries such as electrolytic aluminum, focusing on energy-saving technological transformation of key energy-consuming enterprises in iron and steel, electrolytic aluminum, ferroalloy, calcium carbide, copper, lead and zinc, chemical industry, building materials and other high energy-consuming industries from 2021 to 2023. Each league and city will complete all the transformation tasks at least 40%, 40% and 20% in accordance with the progress of 40%, 40% and 20%, and speed up the implementation of flexible energy-saving transformation of thermal power units. Strive to achieve the advanced value of the national energy consumption limit standard after the transformation.

[the Council of the Eurasian Economic Union adjusts the tariff policy for some products] the Council of the Eurasian Economic Union decided to set the import tariff rate on some types of metallurgical graphite electrodes at 0% for a period of two years. It was also decided to reduce the import tariff rate on oxalic acid used in the production of rare earth metals and medicines from 6.5% to 0% for a period of two years. The Eurasian Economic Union has completed the process of adopting a package of decisions to raise import tariffs on aluminum strips used in the production of beverage cans from 10% to 12% for a period of two years. As part of the improvement of the uniform tariff preference system, the Council of the Eurasian Economic Union decided to revise the list of developing countries and least developed countries on the list of countries of the EAEU uniform tariff preference system.

[China Hongqiao plans to raise HK $2.324 billion for Yunnan Green Aluminum Innovation Industry Park and other projects] China Hongqiao issued an announcement. On March 10, 2021, Hongqiao Holdings, the company's controlling shareholder, entered into a placing and subscription agreement with the placing agent. Under the placing and subscription Agreement, the placing Agent has conditionally agreed to place the placing shares held by Hongqiao Holdings to the independent Placees at the best effort basis, and Hongqiao Holdings has conditionally agreed to subscribe and the Company has conditionally agreed to allot and issue the subscription shares to Hongqiao Holdings at the subscription price (the same as the placing Price), subject to the terms and conditions contained in the placing and subscription Agreement. Assuming that 243 million shares are allotted and issued by the company and subscribed by Hongqiao Holdings in accordance with the subscription, the net proceeds received by the company from the subscription will be approximately HK $2.324 billion. The company intends to use the net proceeds for the capital expenditure of the Yunnan Green Aluminum Innovation Industry Park project and the recycled aluminum project, as well as to supplement the daily working capital of the Group.

[cement and electrolytic aluminum industries may give priority to be included in the national carbon trading market] cement and electrolytic aluminum industries with good carbon emission data base may be given priority to be included in the national carbon trading market. In addition to electricity has been included, petrochemical, chemical, building materials, iron and steel, non-ferrous metals, paper, aviation remaining seven major industries, will be "smooth docking, smooth transition" under the tone of gradually into the national carbon market. Industries that have not yet been included in the national market will continue to trade in the pilot market. Therefore, in the coming period of time, the pilot market and the national market will go hand in hand.

[Baotou Steel Co., Ltd.: the company is planning photovoltaic power generation] Baotou Steel Co., Ltd. said recently that the company is planning to use large mines, tailings reservoirs and other available land and roofs to carry out photovoltaic power generation, and is also promoting the upgrading of iron and steel smelting technology to reduce carbon emissions.

[Castle Peak Holdings Group will develop iron ore in Zimbabwe] Zimbabwe Information Minister Monica Mutsvangwa said on the 9th that Chinese company Qingshan Holdings will develop and build an iron ore mine in Zimbabwe this year and build a new steel plant at the same time. The opening ceremony for iron ore and steel mills will be held in May in Mvuma (vuma), south of the country's capital, Harare, she said in a statement. Headquartered in Wenzhou City, Zhejiang Province, Qingshan Holdings, founded in 1988, is the largest stainless steel producer in China, with a crude steel output of 10.65 million tons in 2019. Reported that in June 2018, Aoyama Holdings signed a framework agreement worth 1 billion US dollars (about 6.5 billion yuan) with the Zimbabwean government. The agreement is to build a steel plant with an annual capacity of 2 million tons, including mining rights for local chromium, nickel, iron and coal. In 2019, Aoyama Holdings expanded its investment plan to build a new 600-megawatt power plant and exploit local lithium resources.

[Yunnan tin holding company production and operation quantity and quality rise] Yunnan tin production and operation is stable and improving. Adhere to the overall planning of epidemic prevention and control and production and management go hand in hand, Yunxi Wenshan area to "improve quality and efficiency, reduce costs and increase profits" as the main line, the implementation of comprehensive budget management, the profit index has increased steadily; the deep processing sector has kept a close eye on the market, and the monthly sales of products have increased steadily. Reform and innovation stimulate vitality. We should start with the three institutional reforms, increase vitality through reform, promote development through innovation, and effectively promote the transformation of deep reform. Optimize the smelting process and greatly improve the equipment operating rate. Copper Branch and Wenshan Zinc Indium Company have respectively become the first batch of enterprises that meet the norms and conditions of the copper smelting industry and the lead and zinc industry. Increase scientific research, tin chemical materials company, Hualian zinc indium company won the "national high-tech enterprise" honor.

[Guizhou: 20 million tons of new coal production capacity per year during the 14th five-year Plan period] the coal industrial structure is optimized and upgraded. We will speed up the transformation and upgrading of coal mines and increase the annual production capacity by 20 million tons. By 2025, the province's coal production capacity will be 250 million tons per year, with an average production capacity of more than 600000 tons per year per well. We will increase the intensity of washing and separation of raw coal, and the selection rate of raw coal will reach 100% by 2025, and the safe and green development and clean and efficient utilization of coal will be significantly improved.

Tianqi Lithium Industry: where will the stock price go after the lithium carbonate production capacity is expected to reach 120000 tons in 2021? On March 11, Tianqi Lithium shares closed up 2.25% at 40.06 yuan per share after days of declines. In response to questions from investors, Tianqi Lithium Industry said that it produced more than 70, 000 tons of lithium carbonate in 2020 and is expected to produce 120000 tons / year of lithium carbonate in 2021 and 180000 tons / year in 2023.

Terminal information

[Tesla plans to build a plant in India is currently in negotiations] it is reported that Tesla is in talks with the Minister of Industry of the Indian state of Maharashtra, and according to the Minister of Industry of the state, Subhash Desai, Tesla is in talks to open a production plant in Maharashtra.

[Yang Jie Technology: the net profit in the first quarter is expected to grow by 120% Mu 150% compared with the same period last year. Yangjie Technology announced that the company expects the net profit attributed to shareholders of listed companies to be 122 million yuan to 139 million yuan in the first quarter of 2021, an increase of 120% Mu 150% over the same period last year. At the same time, the company released the annual results of KuaiBao, the company achieved a net profit of 378 million yuan in 2020, an increase of 67.85% over the same period last year.

Chen Shihua of the China Automobile Association: the shortage of automotive chips is global, and the impact on our country is the most serious in the first quarter, with an impact of 5% and 10%. The government and industry are actively coordinating the problem of chip supply, which will be alleviated in the second quarter.

Xu Haidong of the China Automobile Association: the automobile industry should stimulate the vitality of the main body of the market and encourage the main body of the market to increase competition. As for the problem of overcapacity, there will be an appropriate increase in production capacity in the market economy, resulting in an oversupply. The real market competition is to make a good product, not just to produce it. How to occupy market share, to improve quality, rather than blindly expand investment.

Semiconductor Industry Association: after many rounds of discussions and consultations, the Semiconductor Industry Association of China and the United States announced the joint establishment of the "Sino-US Semiconductor Industry Technology and Trade restriction working Group". It will establish a timely information sharing mechanism for the semiconductor industry of China and the United States, and exchange policies on export controls, supply chain security, encryption and other technology and trade restrictions. The working group plans to meet twice a year to share the latest progress in the two countries' policies on technology and trade restrictions.

[Longji shares: subsidiary plans to put 3.1 billion yuan into construction of annual 5GW single crystal battery manufacturing project] Longji shares announcement, Longji Leye, a wholly-owned subsidiary of the company, signed the "Investment Agreement on Annual 5GW single Crystal Battery Manufacturing Project" with the Management Committee of Yinchuan Economic and technological Development Zone on March 11, 2021, reaching a cooperation intention on the company's investment in the construction of annual 5GW single crystal battery project in Yinchuan Economic and technological Development Zone. The investment of the subsidiary is about 3.1 billion yuan (including working capital). The project is expected to be put into production in 2022.

[special electrician: subsidiary signed a total of 14.97 billion yuan of primary polysilicon sales contract] Special electrician announcement, the company's holding subsidiary Xinte Energy Company and Qinghai Gaojing Company signed a "Strategic Cooperation Sale Agreement". From July 2021 to December 31, 2025, Xinte Energy Company sold 152400 tons of primary polysilicon to Qinghai Gaojing Company. The total amount of this agreement is expected to be about RMB 14.97 billion.

[February China's new energy vehicle sales of 110000 power batteries 5.6GWh] in February, the production and sales of new energy vehicles completed 124000 and 110000 respectively, an increase of 7.2 times and 5.8 times respectively over the same period last year. This month, new energy vehicles have set a new record for production and sales for the eighth month in a row. In terms of power battery loading, in February 2020, China's power battery loading capacity was 5.6 GWH, up 832.9% from the same period last year, down 35.6% from the previous month, and continued to maintain substantial growth over the same period last year.

[reducing the 8-inch contract manufacturing gap SMIC will expand 45000 pieces per month this year] SMIC's joint CEO Zhao revealed at the fourth quarter of 2020 earnings call that the company will expand its 8-inch monthly production capacity of 45000 tablets in 2021 to 70, 000 pieces per month, and another 12 inches will expand 10, 000 pieces per month.

(Tesla admits he won't be fully self-driving in the near future) although Tesla has begun pre-selling a feature called "fully self-driving" (FSD), which costs as much as $10, 000, according to an email released on Friday, the carmaker has told California regulators that the feature will not make cars fully self-driving in the near future.

[camel shares: lead-acid batteries and lithium batteries will coexist for a long time] Camel Co., Ltd. said in a survey that even if cars use lithium batteries as power batteries, lead-acid batteries are still needed for starting and assistance, and power for low-voltage control modules. The proportion of lithium batteries will increase in the future, but lead-acid batteries will still be dominant in the field of starting, and the two will coexist for a long time.

[Yiwei Lithium Energy: subordinate companies plan to build passenger car lithium-ion power battery project (Phase II)] Yiwei Lithium Energy announcement, the company's subordinate company plans to Huizhou Yiwei Power ") to invest in the construction of passenger car lithium-ion power battery project (phase II) with its own and self-raised funds, with an investment amount of not more than RMB 3.9 billion.

[report: Tesla's "significant advantage" in battery cost will continue until 2030] A new research report points out that Tesla has a huge lead in the pure tram industry in terms of lithium battery cost, with the lowest cost in the industry. this advantage will continue for another decade.

[Ministry of Industry and Information Technology: promulgating the Standard conditions of Photovoltaic Manufacturing Industry (2021)] guide photovoltaic enterprises to reduce photovoltaic manufacturing projects that simply expand production capacity, strengthen technological innovation, improve product quality and reduce production costs. For new construction and expansion of polysilicon manufacturing projects, the minimum capital ratio is 30%, and for other new construction and expansion photovoltaic manufacturing projects, the minimum capital ratio is 20%.