[SMM Metal Breakfast] Iron ore slumped more than 4% Shanghai tin fell more than 2% * raw material stocks of recycled lead refineries fell * high tin prices dampened downstream demand

[overnight market] Iron ore fell more than 4%, Shanghai tin fell more than 2%, non-ferrous metals rose and fell each other, the dollar rebounded.

[macro foresight] pay attention to the retail data of consumer goods in China and the annual rate of added value of industries above scale in China.

Metal in the outer disk rose and fell on Friday, with copper up 0.8%, zinc down 0.37%, aluminum down 0.39%, Lenny down 1.47%, Lunxi down 1.93%, Len lead up 1.47%, and LME (LME) copper futures rose on Friday as investors were encouraged by US economic data and hoped that infrastructure spending plans would boost demand for metals. Data released on Friday showed that the US producer price index ((PPI)) rose strongly in February and consumer confidence rose to an one-year high. After passing a large-scale novel coronavirus rescue plan this week, the Biden administration will next turn to large-scale infrastructure investment legislation. Domestically, international copper is up 0.67%, Shanghai copper is up 0.55%, Shanghai aluminum is flat, Shanghai lead is up 0.37%, Shanghai zinc is down 0.41%, Shanghai nickel is down 1.51%, and Shanghai tin is down 2.19%.

The dollar index rose 0.28% to 91.66, up 0.61% at one point in intraday trading, but not enough to erase the weekly decline. The dollar index fell about 0.32% this week, the first time it has fallen from the previous week in the week to mid-February. In recent weeks, market participants have become increasingly concerned that massive fiscal stimulus and pent-up consumer demand could trigger higher inflation as the expanded coverage of vaccination ends the blockade of the epidemic.

U. S. stocks were mixed late Friday, with the Dow hitting an all-time high. The yield on 10-year Treasuries is close to 1.64%, the highest level in a year, putting pressure on technology stocks. The market continues to pay attention to the news of US epidemic relief stimulus measures and vaccine research and development. The Dow fell 230.73 points, or 0.71%, to 32716.32; the Nasdaq fell 145.87 points, or 1.09%, to 13252.80; and the S & P 500 fell 6.77 points, or 0.17%, to 3932.57.

On Friday, the Shanghai Composite Index rose 0.47% to 3453.08 points, with a turnover of 381.964 billion. The Shenzhen Composite Index closed at 13897.03 points, up 0.22%, with a turnover of 435.021 billion. The gem index closed at 2756.81 points, up 0.37%, with a turnover of 144.828 billion. The total turnover of the two cities is 816.986 billion. On the disk, electricity, carbon neutralization, environmental protection and other sectors led the increase, while wine, semiconductor chips, games and other plates led the decline.

LME inventory

Macro focus

Ministry of Commerce: from January to February, the actual use of foreign capital nationwide was 176.76 billion yuan, an increase of 31.5% over the same period last year. From the perspective of the industry, the actual use of foreign capital in the service industry was 141.74 billion yuan, an increase of 48.7 percent over the same period last year, accounting for 80.2 percent of the country's actual use of foreign Of this total, wholesale and retail, accommodation and catering, leasing and business services increased by 54.1%, 45.6% and 70.3%, respectively.

Central bank: on Friday, the open market of the central bank will conduct a reverse repurchase operation of 10 billion yuan for seven days, as 10 billion yuan of reverse repurchase expires on the same day, achieving zero investment and zero redemption.

Five departments, including the National Development and Reform Commission, issued the Circular on guiding and strengthening Financial support to promote the healthy and orderly Development of Wind Power, Photovoltaic Power and other industries. Financial institutions negotiate extension or renewal of loans with renewable energy enterprises in accordance with the principle of commercialization. For renewable energy enterprises that have great short-term repayment pressure but have development prospects in the future, financial institutions can, in accordance with the principle of risk control, on the basis of independent negotiations between banks and enterprises, according to the actual and expected cash flow of the project, arrange loan extension, loan renewal or adjustment of repayment schedule and time limit. Give priority to subsidies and further increase credit support, enterprises voluntarily choose whether or not to take the initiative to convert to parity projects according to the actual situation, and for voluntary conversion to parity projects, priority can be given to the allocation of funds, and the loan quota and loan interest rate can be determined through independent consultation.

[the US Treasury begins handing out the first $1400 in bail-out grants] the US government began handing out the first $1400 in grants under the Biden bailout bill on Friday, and some Americans will receive the money by the end of this week. Economists expect this to help the U. S. economic recovery in the coming months.

Us President Joe Biden: the official signing of the $1.9 trillion novel coronavirus rescue bill marks the first major legislative project of the Biden administration. The new stimulus bill includes handing out $1400 cheques to eligible individuals, extending unemployment insurance, allocating funds to state and local governments, and improving vaccination and testing capabilities.

Today's focus

[SMM practical information: take stock of the output of the world's top 20 copper mining companies in 2020] by the beginning of March, the world's major mining companies have released their 2020 annual reports. We have counted the output of 20 highly representative copper mining enterprises. The total output in 2020 was 13.2732 million tons, down 221600 tons from the same period last year, accounting for about 65% of the global copper production. "View details

[SMM data: copper inventory in Shanghai bonded warehouse increased by 6400 tons this week] according to SMM research, copper inventory in Shanghai bonded area increased by 6400 tons to 371900 tons on Friday compared with last Friday, for the fourth consecutive week. "View details

[SMM mainstream copper market weekly inventory] as of today,), SMM national mainstream copper market inventory increased by 5100 tons to 310600 tons compared with Monday. "View details

[SMM interprets the mystery of the copper market] in February 2021, the SMM copper concentrate index (month) was at $40.12 / ton, down $5.88 / ton from the average price of the previous month. As of March 12, the SMM copper concentrate index was at $32.07 a tonne, down $2.18 a tonne from last week's average. In February, the processing fee of domestic crude copper was 1700-1900 yuan / ton, the average price was 300 yuan / ton higher than the average price of the previous month, and the processing fee of imported CIF crude copper was 155-165US dollars / ton in February, which was 7.50 US dollars / ton higher than the average price of the previous month. "View details

[SMM aluminum downstream weekly survey] fear of heights is pervasive throughout aluminum processing enterprises. High aluminum prices limit start-up growth: this week, the start-up of leading aluminum processing enterprises increased slightly by 0.2% to 69.3%. High aluminum prices have a greater impact on downstream start-up growth. On the whole, there is no obvious difference from last week, aluminum processing enterprises are obviously afraid of heights, most enterprises begin to reduce inventory, switch to on-demand procurement, order saturation is different among different enterprises. "View details

[March 12 SMM aluminum rod processing fee market: aluminum base price high shock aluminum rod processing fee stable] Today (3max 12), Shandong aluminum rod quotation rose steadily compared with yesterday, 1A60 aluminum rod processing fees rose between 250yuan / ton and 450yuan / ton, with an average price of 350yuan / ton, up 25 yuan / ton from yesterday. The processing fee of 1A60 aluminum rod in Henan is between 330 and 350 yuan / ton, and the average price is 325 yuan / ton, which is the same as the previous trading day. Inner Mongolia 1A60 aluminum rod processing fees are quoted between Pingshui and Shishui 50 yuan / ton, which is the same as the previous trading day. "View details

[aluminum bar spot daily review: aluminum processing fees with falling shipments are active but the actual transaction is general] Today (3max 12) the domestic aluminum bar South China market is relatively strong in the morning, after the later aluminum release, most of the holders reduced 20 yuan / ton, while in the East China market, most of the consignors lowered 20-30 yuan / ton in the morning and 70-80 yuan / ton again after poor delivery, a big drop. "View details

According to SMM, as of Friday, the total inventory of lead ingots in the five places reached 67600 tons, up 9700 tons from last Friday and 9100 tons from Monday. [SMM research: delivery sources to social warehouses have greatly increased by nearly 10,000 tons.] according to SMM, as of Friday, the total inventory of lead ingots in the five places reached 67600 tons, up 9700 tons from last Friday and 9100 tons from Monday. According to research, lead prices have fallen one after another, prompting holders to preserve their value, coupled with the approach of the delivery day, the supply of delivery is concentrated to the delivery warehouse, and smelter inventory continues to be transferred to the social warehouse. Entering next week, with the end of delivery, the transfer of plant depots to social warehouses will be reduced, coupled with the imminent overhaul of some smelting enterprises (including delivery brands), downstream battery market consumption is also basically restored, it is expected that the social growth of lead ingots may slow down. "View details

[SMM recycled lead survey] according to the SMM (SMM) survey, this week (March 8-March 12) SMM recycled lead smelting enterprises in the four provinces weekly operating rate of 55.1%, up 0.4% from last week. (revised by Anhui camel production, the operating rate of recycled lead was revised down to 54.7% last week.) among them, the operating rate of Anhui recycled lead licensed smelting enterprises was 64.1%, 1.8% lower than last week. "View details

[SMM survey: raw material inventory of recycled lead refineries difficult to mine waste batteries has declined (with weekly production inventory data of 33 recycled lead smelters)] according to the survey of (SMM) of SMM, as of March 12, 33 domestic licensed smelters of recycled lead had a weekly output of 63000 tons of recycled lead, an increase of 6000 tons over last week. In the refinery warehouse, the inventory of waste batteries totaled 164800 tons, 17700 tons less than last Friday, and the inventory of recycled refined lead totaled 12700 tons, down 1200 tons from last week. "View details

[SMM survey: the weekly operating rate of lead-acid battery enterprises to resume production after the festival continues to rise] according to SMM research, the weekly comprehensive operating rate of lead-acid battery enterprises in the five provinces of SMM this week (March 8-March 12) was 78.34%, up 2.75% from last week. According to research, lead-acid battery enterprises basically returned to normal production and marketing. During this period, due to the enthusiasm of dealers to replenish storage after the holiday, the battery inventory of some enterprises was quickly consumed, and factory production returned to full production. In addition, in the automotive battery sector, the production of medium and large enterprises is stable, while some small enterprises schedule production according to the order situation. The current demand for replacement of automotive batteries is mediocre. In addition, next week, the production of lead-acid battery enterprises is basically business as usual, and the space for subsequent production increase is limited, and production is expected to be stable next week. "View details

[SMM survey: weekly operating rate of primary former smelter] according to the survey of SMM (SMM), the weekly operating rate of SMM primary lead smelter in three provinces this week was 59.3%, and the operating rate of primary lead smelter increased slightly this week: smelters in Henan region basically stable production, Henan Shibang slightly increased production, Wanyang began maintenance on March 5, and is expected to end in mid-April. However, the overhaul is a crude lead production line, and the output of electrolytic lead is not affected for the time being. The operating rate in Hunan is flat, Xiongfeng in Chenzhou has not started this week, and production is still expected to start in the near future. The production of red lead and non-ferrous lead in Yunnan has been increased due to sufficient stock of raw materials; Gejiu Chuangyuan has continued to stop production this week and the production plan has not changed in mid-March. "View details

[SMM data: SMM Seven zinc ingots social inventory increased by 4400 tons compared with last Friday] according to SMM, as of Friday, SMM Seven zinc ingot stocks totaled 263300 tons, an increase of 2300 tons over Monday and 4400 tons over last Friday. Domestic inventory has rebounded this week, among which in Shanghai, smelters have arrived normally, and some imported zinc has been stored, resulting in a significant increase in inventory; in Guangdong, smelters have continued to arrive, downstream procurement demand is relatively stable, and inventory has increased slightly; in Tianjin, when zinc prices are adjusted back, downstream replenishment demand increases, leading to an increase in out of storage. On the whole, the original inventory in Shanghai, Guangdong and Tianjin increased by 5800 tons, while the inventory in seven places across the country increased by 4400 tons. "View details

[SMM analysis: high tin price suppresses downstream procurement demand social inventory decline slows down] recently, tin prices fluctuate greatly, the market wait-and-see atmosphere heats up, the purchase demand for bargains is OK, and the overall transaction is weak. The spot discount in the Shanghai tin market remains stable, because the warehouse receipt goods account for the majority of the social inventory, and the discount reported by the warehouse receipt holders is relatively strong, so the overall performance of the spot discount in the Shanghai tin market is also relatively stable. "View details

[SMM Cobalt Lithium spot Weekly report (0308-0312)] for cobalt, overseas prices superimposed a drop in domestic futures prices affecting market sentiment and reacted slightly overly. Fundamentals, the domestic cobalt raw materials, upstream smelting products gap is still there, the margin of the gap has decreased, there is a turning point. Combined with the overall downstream demand to remain high, SMM expects cobalt prices to adjust only slightly. In terms of lithium, spodumene orders were gradually signed in the second quarter, and the transaction price rose obviously. lithium ore resources are still the biggest problem of limited production at the smelting end, and the current pattern that supply falls short of demand will lead to mineral prices to continue to rise. "View details

[SMM pure nickel bonded area inventory] according to SMM research, the inventory of pure nickel in Shanghai bonded area decreased by 1800 tons to 14900 tons on Friday compared with last Friday, and the inventory decreased for the second week in a row. After the sharp fall in nickel prices last week, the spot market picked up, while Russian nickel stocks were tight so that the rising water went higher. The import window continued to open this week, and traders moved nickel plates from the bonded area to the country one after another. Therefore, the warehouse reduction in the bonded area is obvious, it is reported that the late arrival of the port will also directly enter the country, and it is expected that the pure nickel in the bonded area is still expected to maintain the trend of warehouse reduction next week. "View details

[SMM Analysis: prices of rare Earth products have stopped falling this week and held steady next week. After the price rise of rare earth products slowed last week, prices of rare earth products have been mixed this week. Since the beginning of the week, prices of rare earth products have fallen slightly at first and then began to stabilize. Most of the mainstream rare earth separation plants do not take the initiative to quote, and the prices of the enterprises that quote from the outside are basically stable compared with last week, and the willingness to ship goods is low. Some large metal factories said that they are still delivering previous orders and there is no spot to sell, while magnetic materials factories have more than 2-3 months of inventory, which is still dominated by wait-and-see in the current market. In the current spot tight, transaction stalemate, and demand continues to improve, rare earth prices are expected to fluctuate at a high level next week. "View details

[SMM Indium spot Weekly Review] the indium market price fell this week. Due to the tight supply of crude indium after the Spring Festival some time ago, the price of refined indium supply is strong, and downstream users have taken certain measures to prepare goods, and the market price is strong, but from this week, the voice of the demand side of the market has obviously softened. After a short period of stalemate, indium prices have changed from stable to weak this week, and the transaction is light if it will continue. The enthusiasm of the supplier to hold on to the offer and wait for the demand to follow up will continue to diminish. "View details

[SMM Bismuth spot Weekly Review] with the soaring price of Hunan antimony market, the bismuth market, which is jokingly known as the inseparable antimony bismuth market, began to be tight as before the price rise of the antimony market. This week, some bismuth manufacturers are still in short supply due to the shortage of raw materials and the tight supply of finished products. "View details

Important news of metals and industry

(Antapaccay Copper Mine in Peru says the mine has been blocked by the local community.) on March 11, 2021, the Antapaccay copper mine in Peru, owned by Glencore, said that the mine had been blocked by the local community and the mine had stopped operation. The government has arranged for the mine to meet with the local community on March 12 local time to develop a compensation plan for local residents affected by mine operations. "View details

[a number of large copper clad laminate manufacturers have intensively raised their quotations for some products that have doubled from last year's lows] (CCL) has experienced several rounds of gains since May last year, and supplies are tight. Recently, a number of large copper clad laminate manufacturers once again intensively raised their quotations. Compared with last year's low, the prices of some products such as thick plates have doubled. The relevant person in charge of a listed company said that the company has recently made targeted adjustments to the prices of different products, and the current copper clad laminate orders are sufficient and the production capacity is full.

[aluminum electrolysis energy-saving technology research has made great progress in Zhongfu Industry] on March 11, 2021, Zhengzhou University, Zhengzhou Light Metallurgical Technology Co., Ltd., Henan Zhongfu Industrial Co., Ltd., jointly undertaken by Zhengzhou City Collaborative Innovation Project "Aluminum reduction Cell Energy flow Optimization and Intelligent Control Technology Development (HORRS system)" project was officially put into industrial pilot operation in the first 400kA electrolytic cell of Zhongfu Industry.

Recently, good news came from the State intellectual property Office. Qingtongxia Branch "Electrolytic Optimization Unit standby Mode Transformation" project won the national utility model patent. The patented technology verifies the feasibility of a single optimized unit providing compensation current scheme for the flue end and aluminum outlet end of the electrolytic series at the same time, and successfully fills the technical gap in the industry. "View details

On March 10th, Guangxi Liuzhou Yinhai Aluminum Co., Ltd. (hereinafter referred to as "Liuzhou Yinhai Aluminum") successfully trial-produced the ultra-thin hot rolled coil with the thickness of 2.2mm for the first time. The 3-series thin hot rolling coil of 2.2mm*1529mm was successfully removed from the equipment of "1-4" hot continuous rolling mill, which gave full play to the equipment advantages of "1-4" hot continuous rolling mill, further verified the continuous improvement of Liuzhou Yinhai aluminum production capacity, and provided strong support for the follow-up production of high-end, high-performance aluminum alloy products. "View details

[LME aluminum stocks soared 314350 tons to the highest level since 2017] LME aluminum stocks rose sharply for the second day in a row, rising by 314350 tons, the highest level since 2017.

According to recent reports, Indonesia has drawn up a plan to establish a complete battery production line and plans to set up a state-owned holding company by June. It is reported that Indonesia has drafted an "end-to-end development" plan, under which four state-owned companies will provide nickel ore, process nickel sulfate and cobalt sulfate, and then produce cathodes and batteries. "View details

[Ningbo Baoxin successfully produced 0.049mm wide-width ultra-thin precision stainless steel strip] on March 9, 2021, Ningbo Baoxin successfully produced 0.049mm wide-width ultra-thin precision stainless steel strip, which is known as "hand-torn steel". "View details

[Yongjin Vietnam stainless steel project is still in the stage of project construction] recently, some investors asked Yongjin shares about the progress of the company's Vietnam project, when it can be produced, and how the company's capacity utilization rate is, is it full production and sales? In response, Yongjin shares said that the "annual production capacity of 250000 tons of precision stainless steel strip project" of Yongjin Metal Technology (Vietnam) Co., Ltd., a subsidiary of the company, officially started construction in the Longjiang Industrial Park in Vietnam's Qianjiang Province on October 27th, 2020. the construction period is about 15 months (see notice 2020-054 for details), the project is still in the construction stage. "View details

[Jingsheng Mechatronics: sign a major daily operation contract of 2.079 billion yuan] Jingsheng Mechatronics announcement, the company recently signed a "purchase contract for fully automatic crystal growth furnace" and "single crystal silicon rod processing equipment procurement contract" with Central Xiexin. And signed a "wire cutting machine procurement contract" with Central Photovoltaic, the company sells fully automatic crystal growth furnace and single crystal silicon rod processing equipment to Central Xiexin. Among them, the contract amount of crystal growth equipment is 1.618 billion yuan, and the contract amount of monocrystalline silicon rod processing equipment is 194 million yuan, totaling 1.812 billion yuan (including tax). Sell wire-cutting machine equipment to Central Photovoltaic, with a total contract amount of 267 million yuan (including tax). The total amount of the above contract is RMB 2.079 billion (including tax).

[Ke Liyuan: domestic nickel demand growth and price rise have little impact on the company in the short term] Ke Li Yuan interactive platform said that domestic nickel demand growth and price rise have less impact on the company in the short term, and the company will rely on nickel procurement supply chain resources. combined with hedging and other price locking measures to ensure the company's normal demand for nickel. The company is striving to achieve its first-quarter performance target. For specific information, please refer to the announcement of the company's first-quarter report. "View details

14.97 billion yuan! Xinte Energy and Qinghai Gaojing signed a long sales order of 152400 tons of polysilicon] on March 11, 2021, Special Electric announced that the company's holding subsidiary Xinte Energy Co., Ltd. and its subsidiaries Xinjiang Xinte Crystal Silicon Hi-Tech Co., Ltd., Inner Mongolia Xinte Silicon material Co., Ltd. signed the "Strategic Cooperation buying and selling Agreement." Xinte Energy Company sold 152400 tons of primary polysilicon to Qinghai Gaojing Company from July 2021 to December 31, 2025. "View details

[the chain reaction of silicon material is close to 120RMB / kg: the price of components has soared to 1.8 + some downstream projects have been suspended] the latest quotation of Silicon Industry Branch on March 10 shows that the price range of domestic single crystal re-feeding materials this week is 11.0-119000 yuan / ton, and the average transaction price is 117300 yuan / ton, up 5.87% from the previous week. The price range of single crystal compact material is 10.8-117000 yuan / ton, and the average transaction price is 114200 yuan / ton, up 5.74% from the previous week. "View details

[gold] the world's largest gold ETF--SPDR Gold Trust position is down 3.2 tons from the previous day, and the current position is 1052.07 tons.

[WACKER announces a global price increase of 20%, 107 glue and other silicone products by 13 rounds] according to the global silicone network, WACKER announced yesterday that it would raise the global price of all its silicone products. As long as existing customer contracts allow, the price increase will take effect in April, with price increases ranging from 10% to 20% for all products shipped from April. The latest monitoring data show that the price of silicone products such as 107glue has risen 13 rounds, and the latest quotation of 107glue has exceeded 27800 yuan / ton today. Silicone oil is being robbed this week, the best part of the market game is coming, and the major traders hoarding goods before the festival are making huge profits.

[Hubei Province reduced crude steel production capacity by 7.8 million tons last year] at the provincial demonstration and exchange meeting on the technical reform of the iron and steel industry held in Ezhou City on March 11, the Hubei Provincial Department of Economics and Information Technology informed the progress of the technical reform work of the iron and steel industry in Hubei Province: in 2020, the completion rate of ultra-low emission transformation of the iron and steel industry in Hubei Province reached 100%, guiding eight iron and steel enterprises to shut down and exit and reduce crude steel production capacity by 7.8 million tons. It will take one year to overfulfill the task of reducing production capacity determined by the state for five years and by the provincial government for three years. "View details

[soda futures] Zheng Shangsuo: adjust the margin standard and the limit range of soda futures contract trading. Since the settlement on March 17, the margin standard of soda futures contract trading has been adjusted to 7%, and the limit range has been adjusted to 6%.

[Huayou Cobalt] Huayou Cobalt issued no more than 1 billion yuan of corporate bonds to professional investors with the approval of the CSRC.

[Sdick: about 350 million yuan to invest in two projects] Stike announcement, the company intends to build a total investment of about 280 million yuan, a new imported biaxial stretching BOPET film production line and other supporting production equipment, testing equipment and other production systems, etc., to reach production to form a new display with PET functional film production capacity of 25000 tons. And plans to invest 66.7 million in the construction of PVD magnetron sputtering film products project.

[Fuchun Environmental Protection: the company's energy-saving business and solid waste disposal business involve carbon emissions trading] Fuchun Environmental Protection said on the interactive platform that the company's cogeneration, solid waste disposal and environmental monitoring business sections are all within the scope of the guidance of the State Council on speeding up the establishment and improvement of a green and low-carbon circular development economic system (Guofa (2021) No. 4). Among them, energy saving business and solid waste disposal business involve the trading of carbon emission targets, which are expected to produce excess carbon emission targets. At present, the company is combing the carbon emissions of more than a dozen industrial bases.

[Wentai Technology: subsidiary cooperates deeply with United Automotive Electronics on Gallium Nitride] News: subsidiary Nexperia (Anshi Semiconductor) announced that it will cooperate deeply with United Automotive Electronics Co., Ltd., a major supplier of the domestic automotive industry, in the field of power semiconductor gallium nitride (GaN) to meet the increasing technical requirements for new energy vehicle power systems in the future. Senior executives of Anshi Semiconductor said that they are willing to increase investment and work with United Automotive Electronics to build a joint laboratory based on GaN process, and join hands to promote the application of GaN process technology in the Chinese market.

[the gap between supply and demand of lithium batteries is more than 20%, and the price of lithium carbonate in China has doubled in four months] Lithium carbonate is one of the raw materials necessary for lithium battery production. As of March 12, the average price of battery-grade lithium carbonate in the domestic market was 83500 yuan per ton. It has risen by 6000 yuan per ton in a week, and the spot price has doubled in four months, almost every other day. Not only lithium carbonate, but also other lithium salts needed in lithium batteries continue to rise. Since January of the year, the price of lithium carbonate has risen by nearly 60%, that of lithium hydroxide by 35%, and that of lithium iron phosphate by nearly 20%. It is reported that the rise in the price of lithium carbonate is mainly due to the imbalance between supply and demand.

[Vale starts production recovery and commissioning of Timbo Peiba mining area] the commissioning is expected to last two months. After commissioning, the production capacity of Tingbo Peiba mining area will reach 1200 million tons / year, an increase of 7 million tons / year over the current production capacity. Operations at the Timbo Peiba mine were suspended in March 2019. In May 2020, 3 of the 6 production lines of the concentrator in the mining area were restored, and part of the production capacity was restored. "View details

[Hegang Group plans to achieve 2022 carbon peak 2050 carbon neutralization] Hegang Group issued a low-carbon green development action plan on the 12th. Put forward a carbon peak, carbon neutralization schedule and road map: carbon peak in 2022, carbon emissions will be reduced by more than 10% in 2025, carbon emissions will be reduced by more than 30% in 2030, and carbon neutralization will be achieved in 2050.

Terminal information

Xin Guobin, vice minister of the Ministry of Industry and Information Technology: we should focus on key areas and thoroughly implement the New Energy vehicle Industry Development Plan (2021-2035). We will speed up the research and development of key core technologies such as new electronic and electrical structures and operating systems, study and formulate urgently needed technical standards and access management requirements, continuously optimize the policy environment, create an innovative industrial ecology, and accelerate the development of the intelligent network-connected automobile industry.

Foreign Ministry: the Biden administration this week revised the license for US companies to supply China's Huawei Technology Co., Ltd., further restricting the supply of products that can be used in 5G equipment to Huawei, the Foreign Ministry said. Facts have repeatedly shown that the United States is an unreliable and unreliable country. This practice not only harms the legitimate rights and interests of Chinese enterprises, but also harms the interests of enterprises in the United States and other countries, seriously interferes with the normal scientific and technological exchanges and trade exchanges between the two countries and even the whole world, and causes damage to the global industrial chain and supply chain.

[the 14th five-year Plan and the outline of the long-term goal of 2035: speeding up the development of non-fossil energy and vigorously increasing the scale of wind power and photovoltaic power generation] "the 14th five-year Plan for National Economic and Social Development of the people's Republic of China and the outline of the long-term goal of 2035" was officially released in full. The full text proposes to build a modern energy system. We will speed up the development of non-fossil energy, adhere to both centralized and distributed energy generation, vigorously increase the scale of wind power and photovoltaic power generation, speed up the development of distributed energy in eastern and central China, develop offshore wind power in an orderly manner, and speed up the construction of southwest hydropower bases. we will safely and steadily promote the construction of coastal nuclear power, build a number of multi-energy complementary clean energy bases, and increase the proportion of non-fossil energy in total energy consumption to about 20%. Reasonably control the scale and development rhythm of coal power construction, and promote the use of electricity instead of coal.

[GM suspends production at its Michigan plant due to chip shortages] GM will suspend production at its plant in (Lansing), Lansing, Michigan, due to global chip shortages. A GM spokesman confirmed that the Lanxin Dahe assembly plant (Lansing Grand River Assembly) will be shut down from next Monday and will continue until at least the end of this month. The plant employs 1400 workers and is responsible for the production of the Chevrolet Comero (Camaro), and Cadillac CT4 and CT5. "View details

On the morning of March 11, 2021, Xin Guobin, member of the party group and vice minister of the Ministry of Industry and Information Technology, presided over a forum for the establishment of the Intelligent Network Joint Automobile Propulsion Group. He put forward three requirements for the work of the recommendation group: first, to enhance ideological understanding, second, to focus on key areas, and third, to strengthen the implementation of the work. Aiming at the direction of "electrification, networking and intelligence", we will firmly promote the construction of an automobile power. "View details

[global demand for power batteries for new energy vehicles may reach 919.4GWh LG/SDI/SKI to accelerate production in 2025] LG New Energy is considering building two factories in the United States and investing more than US $4.5 billion in US production operations by 2025; Samsung SDI is considering investing about 300 billion won to increase battery production at its Tianjin battery plant, and Samsung SDI plans to invest 942 billion won in its Hungarian battery plant in 2021. South Korea's SKI also announced that it would invest 1.3 trillion won to build its third battery factory in Hungary. "View details

[Hubei Rongtong Hi-Tech's first 10,000-ton precursor production line was officially put into production] on the morning of March 12, Hubei Rongtong Hi-Tech Advanced Materials Co., Ltd. solemnly held the formal commissioning ceremony of the 10,000-ton precursor production line. It is reported that the project has an investment of 80 million yuan, covers an area of 7000m2, and annual sales reach 120 million. The smooth commissioning of the project has extended the company's industrial chain upstream, solving the bottleneck problems such as the shortage of raw materials, rising prices and sudden increases in costs affecting the company's profits.