[SMM Metal Breakfast] Metal is mixed * the operating rate of copper cable in May is the same as that of the previous month * the price of magnesium in the factory has returned to 18000 yuan / ton.

[overnight quotation] the outer plate metal rises and falls mutually OPEC maintains the original supply plan oil price continues to rise

[macro outlook] pay attention to the number of initial jobless claims in the United States in the week ended May 29

The metal in the overnight outer disk was mixed, of which Lun copper fell 1.23%, Lun aluminum fell 1.89%, and lun zinc rose 0.44%. Recently, Shanghai aluminum withdrew mainly, the industry mostly held a wait-and-see attitude, long-empty cautious, the fundamentals in Yunnan limited electricity production, supply tightened, but Guangdong power restrictions superimposed Foshan and other places epidemic blockade many areas, restrictions on the schedule of aluminum consumption in South China, long-empty game, the trend of Shanghai aluminum needs further stimulation from the market.

The narrow range of the dollar index is basically flat, said Philadelphia Fed President Huck. I think we should slowly and cautiously reduce bond purchases at the right time, and when the time comes, that's what we need to start talking about. The time frame for FOMC to discuss subtractive QE has not been finalized. You must act carefully and do not want to trigger a code reduction panic. It is uncertain whether high prices will be transmitted from the input to consumers. For a long time, the world has been trapped in a low inflation environment. It is believed that there is no need to respond to the current inflation phenomenon.

For u. S. stocks, the s & p 500 rose 0.1% to 4208.12, its highest level since may 7; the Dow Jones industrial average rose 0.1% to 34600.38, the fifth straight day of gains; the NASDAQ rose 0.2%; the NASDAQ composite index rose 0.1%.

In crude oil, optimism about a rebound in demand continued to push oil prices higher, with Brent crude closing above the psychological $70-a-barrel mark for the first time in more than two years. And OPEC maintains its original supply plan to boost the market.

On the precious metals side, gold prices rose as yields on U.S. Treasuries fell. The yield on the benchmark 10-year Treasury note fell below 1.60 per cent, and lower bond yields could reduce the opportunity cost of holding precious metals.

Yesterday, A-share size index collective adjustment, Shanghai and Shenzhen stock market turnover exceeded trillion yuan for four consecutive days, gem fell 1.73%, the market showed a general decline pattern, more than 2800 stocks fell, high plate differentiation, medical beauty, salt lake lithium plate many stocks fell into the main force. Stimulated by the intensification of the overseas epidemic, short-term funds focused on clothing and home textiles, and many stocks rose by the daily limit in the plate. Second-line spirits, coal, oil service concept stocks, carbon neutralization and other performance were active, while medical devices and assisted reproduction were weak. On the market, mining services, shale gas, clothing home textiles rose in the forefront, salt lake lithium extraction, medical beauty concept, digital currency led the decline. As of the close, the Prev index fell 0.76% to close at 3597 points; the Shenzhen Composite Index fell 1.18% to close at 14857 points; and the gem index fell 1.73% to close at 3243 points.

LME inventory

Macro focus

[video call between Liu he and US Treasury Secretary Yellen] on the morning of June 2, Liu he, member of the political Bureau of the CPC Central Committee, vice premier of the State Council, and Chinese leader of the China-US Comprehensive Economic Dialogue, held a video call with US Treasury Secretary Yellen. The two sides believe that Sino-US economic relations are very important. In line with the attitude of equality and mutual respect, the two sides conducted extensive exchanges on the macroeconomic situation and cooperation in multilateral and bilateral fields, had a frank exchange of views on issues of mutual concern, and are willing to continue to communicate. (

The General Office of the National Development and Reform Commission issued the Circular on further strengthening Energy Conservation Supervision: in the next step, the National Development and Reform Commission will strengthen the overall planning and coordination of the national energy conservation supervision work, guide local governments to improve the energy conservation supervision system, strengthen the energy conservation supervision force, standardize the energy conservation supervision work, resolutely curb the blind development of the "two high" projects, ensure the achievement of the goal of double control of energy consumption, and help achieve carbon peak and carbon neutralization.

Recently, local bond issuance has begun to enter a period of acceleration, and the industry expects that local bond issuance will reach its peak this year, and the issuance scale in June may be close to one trillion yuan. From the perspective of the use of funds, since the beginning of this year, local debt funds have been mainly used for the construction of public welfare projects such as municipal infrastructure and public hospitals, providing funds for investment projects under construction. In the next step, the Ministry of Finance will issue guidelines for the adjustment of the use of special bonds to further refine the procedures, scope and time limit for the adjustment. At the same time, study and promulgate the local government special bond project fund performance management measures, strengthen the special bond project performance management, and give full play to the efficiency of the use of special bond funds.

[China will formulate an action plan for carbon sequestration in forestry and grassland or enhance carbon sequestration] the General Office of the State Council recently issued the "guidance on Scientific Greening", proposing to formulate an action plan on carbon sequestration in forestry and grassland, deepen the reform of the collective forest right system, speed up the establishment of a mechanism for realizing the value of ecological products, and improve the ecological compensation mechanism. Increasing sinks and reducing emissions by forestry can give full play to the carbon benefits of mitigating climate change, as well as the comprehensive benefits of protecting biodiversity and alleviating community poverty. China has proposed that the forest coverage rate will reach 24.1% during the 14th five-year Plan period. In the future, with the continuous improvement of relevant laws and regulations, the number and income of forestry carbon sequestration projects are expected to increase. Related companies include Guanzhong Ecology, Dongzhu Ecology, Mongolian Grass Ecology and so on.

[there is doubt about the prospect of a rebound in the federal funds rate.] the federal funds rate rose to 0.06% on June 1 from 0.05% on the previous trading day, according to data released by the New York Fed on Wednesday. the rebound relieves pressure on the Fed to adjust its tools to control short-term interest rates. Jonathan Cohn, a strategist at Credit Suisse, said in the report that if the macro level does not provide a reasonable basis for undersize easing, the Fed may deal with the accumulation of liquidity in the short-end market through "non-curtailment bond purchases". Options include better regulatory treatment for reserves so that banks have more ability to absorb deposits.

Today's focus

SMM analysis: under the disturbance of multiple factors, the operating rate of copper cable decreased with the same month-on-month ratio in May! According to a survey by SMM, the operating rate of wire and cable enterprises in May 2021 was 81.70%, down 1.86% from the previous month and 20.04% lower than the same period last year. Among them, the operating rate of large enterprises is 85.61%, that of medium-sized enterprises is 63.97%, and that of small enterprises is 78.32%. The operating rate of wire and cable enterprises is expected to be 82.66% in June. "check the details."

[recycled copper daily review: the supply of recycled copper is not loose but still normal] Guangdong bright copper 65800-66100 yuan / ton, the same as the previous trading day, the price difference of refined waste was 2332 yuan / ton, narrowed 375 yuan / ton. Downstream recycled copper rod factory orders are not good, the transaction price of finished products is reduced, and the purchase price of raw materials is pressured, while the supply of recycled copper is in a positive mood, and the quotation of bright copper is reduced by about 100 yuan / ton. According to the buyer, although the supply of goods is not loose, it is still at a normal level, it is not difficult to purchase, but the source of cheap goods is less, and the receiving prices of some traders are relatively high today. "check the details.

[SMM reports: take a quick look! How is the strike at BHP Billiton's Escondida and Spence copper mines in Chile? BHP Billiton Chile Escondida (Escondida) and Spence (Spence) mine remote operators union strike continues, BHP Billiton said production has not been affected. The progress will continue to be reported by SMM. The 200-member union runs BHP's integrated operations center, which remotely manages mines, cathode copper and mineral processing plants in San Diego. The strike is the first strike of the remote union.

[aluminum price shock weakens recycled aluminum trading is not good] yesterday aluminum prices continued to fluctuate in a narrow range, SMM A00 aluminum prices fell 30 yuan / ton to 18680 yuan / ton compared with yesterday, large and small recycled aluminum plants quoted a slight divergence. In terms of domestic prices, the quotations of large domestic recycled aluminum enterprises remain unchanged at 18950-19250 / ton. Aluminum prices continue to fluctuate in a narrow range under the influence of multiple factors, and recycled aluminum enterprises generally continue to reduce prices. "check the details."

[the current price difference of East China Aluminum period is difficult to open the concentration of current aluminum transactions in Pingshui] yesterday morning, Shanghai Aluminum slightly shot up and fell back that month, and the transaction center of gravity went down to below 18700 yuan / ton. Spot transactions in East China were concentrated near flat water that month, and morning transactions were concentrated at 18680-18700 yuan / ton. At the current inventory level, the current price of East China futures remains stable, and high absolute prices will stimulate shipments, while lower prices will increase the willingness to speculate, the market liquidity is abundant, and it is difficult to open the basis for the next period of multi-short glue. and downstream on-demand procurement, there is no increase in the intensity of entry procurement. "check the details.

[SMM Nickel spot Daily Review: spot rising water continues to fall and trading recovery is limited] Nickel price fluctuated at a high level yesterday, and the operating space was similar to that of yesterday. Some traders began to make profit shipments, trading situation is slightly better than yesterday, but the overall market atmosphere recovery is limited. In terms of price, Russo Nickel to Shanghai Nickel 07 contract quoted 200 yuan / ton to 100 yuan / ton. Jinchuan Nickel reported an increase of 2000-2300 yuan / ton, but it is more difficult to close a deal at a high price. "check the details."

[nickel pig iron trading daily review: small special steel plant transaction price raised to 1180 buyer inquiry price difference obvious seller continued to bid] June 2, SMM high nickel pig iron 1145 yuan / nickel point (factory tax), compared with the previous trading day's average price increased 20 yuan / nickel point, the seller's recent intention to push up price is still strong, coupled with Indonesia Iron's current spot volume is low, the total negotiable supply in the market is tight, Nickel Iron Plant has the intention to continue to go higher. "check the details.

[Taiwan stainless steel plate prices continue to push up] the price of stainless steel factories in the upper reaches of Taiwan Island rose in June, with the highest increase of NT $12000 per metric ton, setting a new high in recent years. Due to prosperous export orders, strong industry bullish atmosphere, upstream steel mills have soared, and circulation prices have been supported, making disk merchants continue to raise quotations after upstream trading. Stainless steel bullish atmosphere not only motivates upstream steel mills, but also drives downstream circulation market.

[SMM stainless steel spot information: stainless steel spot prices hold stable SS monthly difference gradually repaired] yesterday, stainless steel SS contract still maintained a high shock trend, the overall operation above 16000 yuan / ton. The spot price of stainless steel is stable, with cold rolled rough edge coiling price of 16300-16900 yuan / ton and hot rolling price of 16000-16200 yuan / ton. Transaction situation, since yesterday's sharp price fluctuations, stainless steel spot turnover has slightly weakened, but now the overall market volume is not much, the price is expected to be strong operation. "check the details."

[Foshan stainless Steel Daily Review] yesterday, some traders said that the private 300 series cold and hot rolling spot stock was supported by demand and the individual shortage situation highlighted a small rise of 100. Most steel mills' recent flat guidance operation maintained a steady performance of steel prices at the beginning of the month, so SMM believes that private steel prices are mainly short-term stable during the week. "check the details.

[MMi Iron Ore Port spot Index report (2nd)] according to the data from the six major SMM ports, the inventory of low-grade ore has increased by about 5% month-on-month recently, but the inventory of medium-and high-grade ore has not increased significantly; considering that the profits of steel mills have picked up somewhat after the sharp decline in the previous period, the demand for medium-and high-grade ore is expected to continue, and there is still support for the price of medium-and high-grade fine ore. "check the details.

[SMM data: the output of industrial silicon decreased in May compared with the previous month.] due to the increase in maintenance capacity in Xinjiang and the reduction in power production in Yunnan, the output of industrial silicon in SMM research dropped to 189000 tons in May, down 4.2% from the previous month. "check the details."

[polysilicon Weekly Review-long single bulk single continue the rising trend] this week, the domestic single crystal compound price range is 20.6-221000 yuan / ton, the average transaction price is 211900 yuan / ton, the weekly increase is 4.54%; the price range of single crystal compact material is 20.4-219000 yuan / ton, the average transaction price is 208900 yuan / ton, and the weekly increase is 4.97%. This week, the vast majority of polysilicon enterprises signed long order prices in June, and the transaction prices continued to rise. Among them, the average transaction prices of re-feeding materials, single crystal dense materials and single crystal cauliflower all increased in varying degrees, with mainstream prices rising by 3%. At the same time, there are also individual enterprises' long orders and loose orders are sold at relatively high prices. "check the details.

[SMM Daily Review: the turnover of silicon exports is slightly light] yesterday, Huangpu Port had no oxygen supply of 55V silicon near 12750 yuan, and the current silicon price was running high. Traders were bearish in the flood season, waiting to wait and see to replenish the stock cautiously. Bidding orders for the third quarter were signed before May when the silicon price was low, and there is a big gap between the order price and the current silicon price. Now it is mainly the implementation stage of the old order, and there are few newly signed export orders. for orders with ample delivery time, most traders want to wait for the silicon price to go down before replenishing the goods.

[SMM magnesium ingot spot KuaiBao: factory continuous standing price magnesium price returns 18000 yuan / ton] the general price of Fugu factory continues to rise, ranging from 18000 yuan / ton to 18200 yuan / ton. each factory has adjusted its quotation differently according to its own inventory and capital situation, and there is no transaction price higher than 18000 yuan / ton for the time being. It is understood from the factory that the number of orders today has increased compared with the past. On the one hand, ferrosilicon futures have risen slightly in recent days, and magnesium prices have been supported at the cost end. On the other hand, magnesium prices have become stable as a whole after recent adjustments. Due to the limited inventory of various factories, factory price sentiment has increased. "check the details.

[SMM titanium dioxide spot KuaiBao: the price of titanium dioxide in some domestic factories has been raised by 600yuan / ton] at present, the price of titanium dioxide in the market continues to run at a high level. The mainstream quotation of rutile titanium dioxide by sulfuric acid process is 21000 yuan / ton-21500 yuan / ton, and that of anatase titanium dioxide is 19000 yuan / ton-19500 yuan / ton. As some domestic titanium dioxide factories chose to issue price adjustment letters yesterday, the price of titanium dioxide per ton increased by 600 yuan per ton, and the price of titanium dioxide in foreign trade increased by US $100 / ton. the market expects the price of titanium dioxide to rise in the future. "check the details.

[brief Analysis of SMM Antimony oxide Import and Export] according to customs data, China imported 95.925 tons of antimony oxide in March 2021, a sharp increase of 187.98% from the previous month. China's exports of antimony oxide in March 2021 were 4518.818 tons, up 46.77% from the previous month. "check the details."

[SMM special topic: gold prices hit the biggest rise of the year in May and face new challenges) since May, precious metals have recorded the biggest rebound this year, of which Comex gold soared all the way from 1768 to 1909.5, a monthly increase of 8.02%. Shanghai gold rose 6.57% monthly, closing at 394.38 at the end of the month, the highest level since early January. Looking ahead, the final PMI value of the US Markit manufacturing industry in May was 62.1, the highest since records began in May 2007. Strong manufacturing data push 10-year Treasury yields above 1.61%, Fed may adjust monetary policy ahead of time, precious metals face new challenges.

[SMM News: salt Lake Lithium extraction concept stocks collectively weakened Koda Manufacturing suffered "Waterloo" once fell as much as 10% Tibetan holding Tibet Mining shares fell] yesterday, Salt Lake Lithium extraction concept stocks opened lower, and a number of stocks fell significantly. Among them, Koda Manufacturing encountered a "Waterloo" shortly after the opening of early trading, falling as high as 10% at one point, while Kuwo Gaoke, which rose by its daily limit yesterday, also fell below 5% and continued to decline. In addition, Koda Manufacturing met with a "Waterloo" shortly after the opening of early trading, with a decline of as much as 10%. Tibet Holdings, Tibet Mining and other stocks fell. According to the spot quotation of SMM, the average price of lithium metal is 620000 yuan / ton, up 27.8% from the beginning of the year. "check the details."

Important news of metals and industry

[May 2021 Kakoula Copper monthly report] Robert Friedland (Robert Friedland) and Sun Yufeng (Miles Sun), co-chairmen of Ivanhoe Mining, announced that the Kamoa-Kakoula concentrator, which processes 3.8 million tons of ore in the first sequence year, has been officially put into operation and is climbing safely and quickly to its rated capacity. The Camoa-Kakoula project produced the first copper concentrate on May 25. The first batch of ore was supplied to the concentrator on May 20, and copper concentrate production was officially launched on May 25, several months ahead of schedule. As of 27 May, 71000 tons of ore with a copper grade of 4.07 per cent had been transported directly from the Kakula mine to the concentrator during the commissioning and climbing phase. As of May 25, ore with a copper grade of 5% Mur6% has been transported directly from the Kakula mine to the concentrator.

[Vale Verde completes construction of Serrote copper mine] privately held Minera ã o Vale Verde (MVV) and financing partner Appian Capital Advisory have completed the construction of the Serrote copper and gold project in Aragos, Brazil, ahead of schedule and within budget. At full capacity, the mine will produce an average of 22000 tons of copper per year.

On June 1, 2021, under the guidance of the Association of China Interbank Market Dealers, Aluminum Corporation of China (hereinafter referred to as "Aluminum of China" or "Company"), together with financial institutions, successfully issued green ultra-short-term financing bonds (carbon-neutral bonds) for the first time, with a coupon rate of 2.6% and an issue amount of 400 million yuan with a maturity of 269 days. All used for the company's green wind power projects. The successful issuance of this issue of bonds fully reflects that Chinalco, as a leading enterprise in the industry, leads the practice of green development and takes the lead in supporting "double carbon" to take a substantial step forward.

[Yunhai Metal: the first phase of Yunxin aluminum alloy project with an annual output of 100000 aluminum alloy has been put into production in May.] some investors asked Yunhai Metal that the first phase of Yunxin aluminum master alloy project with an annual output of 100000 tons was put into production at the end of May. after putting into production, it can produce 35000 tons of aluminum, titanium and boron, 15000 tons of aluminum wire and 50, 000 tons of other aluminum alloy materials. Has the project been put into production? What is the impact on the company's profitability? The company replied that some production lines have been put into production in May, which will increase the sales of the company's master alloy.

[Shenhuo shares: Yunnan electrolytic aluminum enterprises are all shutting down according to the requirements] some investors asked Shenhuo shares. Excuse me, the supply of hydropower in Yunnan was tight in May, and the local government asked to reduce the power load. Does Yunnan Shenhuo have electrolytic cells shut down as a result? The company replied that electrolytic aluminum enterprises in Yunnan are successively shutting down their troughs in accordance with the government's reduction requirements.

In May, the Xinjiang Zijin 100000 ton zinc smelting project successfully reached production and achieved profit and loss in the same month. In May, the Xinjiang Zijin 100000 ton zinc smelting project produced 9300 tons of zinc ingots, reaching the designed production capacity target. At the same time, according to the financial estimates of production and sales, the company broke even in May. After 131 days of sharpening, Xinjiang Zijin Nonferrous lived up to the great trust of the group, 100000 tons of zinc smelting project to achieve production! According to feedback from China Enfei Engineering and Technology Co., Ltd., the project designer, Xinjiang Zijin Nonferrous is one of the fastest zinc smelting enterprises to reach production in recent years, and break even in the month when it reaches production.

[VALE.US suspends operation of Canadian nickel mine in Sudbury due to breakdown of labor negotiations] Vale Vale said its nickel mine in Sudbury, Canada had suspended operations after its previous five-year contract was rejected by (United Steelworkers union), the United Steelworkers of the United States. It is reported that the local union, which represents 2600 workers at the mine, said 70 per cent of voters opposed Vale's proposal and hoped that the union, whose negotiating committee had recommended a preliminary agreement, would continue negotiations. However, Vale said representatives of local workers at another Cole Hong Kong refinery voted in support of the proposed deal. It is understood that last year's nickel production in Sudbury, Canada reached 43200 tons, only slightly less than half of Vale's total nickel production in Canada.

[Angang Group won 370000 tons of pipeline steel order] learned from the Angang Marketing Center that recently, Angang Group successfully entered the short list of suppliers of the National Oil and Gas Pipeline Network Group Co., Ltd. (hereinafter referred to as "National Pipe Network Group"). And won the 370000 tons of pipeline steel order in the National Pipe Network Group's annual framework agreement tender.

[Dominica launches anti-dumping sunset review on rebar in China] on May 25, 2021, the Dominica Regulatory Committee on unfair Trade and safeguard measures issued a notice to launch an anti-dumping sunset review investigation on construction rebar originating in China. The tax codes of the products involved are 72131000, 72132090, 72141000, 72142000, 72143000, 72149100 and 72149900. During the investigation of the case, the existing anti-dumping measures remain in force.

[Menar launches East manganese mine is expected to produce the first batch of ore in July] according to recent reports, mining investment company Menar has officially launched its first manganese mine called East Manganese, which is located in Hotazel, Northern Cape Province, and is expected to produce the first batch of ore in July.

[Bardin Davis: rare earths provide new opportunities for Tanzania's mining industry] with the promotion of a green economy and increased demand for key minerals, Tanzania has ushered in new mining and investment opportunities, the Ngala (Ngualla) rare earth project of Peak Resources, a rare earth mining company listed on the Australian stock exchange. Baldin Davis (Bardin Davis), general manager of Peak Resources, said the Ngualla project was based on one of the world's largest and most advanced undeveloped praseodymium-neodymium (NdPr) deposits.

[Tesla will buy more than US $1 billion worth of battery raw materials from Australia every year] Robyn Denholm, chairman of Tesla, said on Wednesday that Australia is rich in battery minerals such as lithium and nickel, which will benefit from the development of the battery supply chain for electric vehicles and the focus on the environment, society and governance of (ESG) in the green energy era. Spending on Australian minerals is expected to increase to more than $1 billion a year in the next few years. Tesla has purchased 3/4 of lithium and more than 1/3 of nickel from Australia.

[SNEC Photovoltaic Conference opened today experts said that the global carbon neutralization action will promote the photovoltaic industry to usher in a "golden 30-year development period". At the 15th (2021) International Solar Photovoltaic and Smart Energy (Shanghai) Congress of SNEC, which opened on the 2nd, Zhu Gongshan, president of the Global Green Energy Council and president of the Asian Photovoltaic Industry Association, said that the global carbon neutralization initiative will promote the photovoltaic industry to usher in a "golden 30-year development period". Up to now, more than 130 countries and regions have put forward the goal of "zero carbon" or "carbon neutralization", and most of them plan to achieve it around 2050.

[Posco plans to cooperate with National Technology in the business field of anode materials for lithium-ion batteries] National Technology (300077.SZ) issued an announcement, in view of POSCO CHEMICAL Co.,LTD (referred to as "Posco Chemical") for the development of new energy industry expectations, is actively expanding the business of anode materials; Shenzhen Snow Industrial Development Co., Ltd. (referred to as "Snow") has the production capacity of the whole industry chain from raw material pretreatment to negative electrode processing and manufacturing in the field of anode materials, with core technology and production advantages. Posco plans to cooperate with National Technology in the business field of anode materials for lithium-ion batteries.

[the recovery rate of the medium color Pinggui titanium dioxide factory hit a record high] it was learned from the April economic activity analysis meeting of the medium color Pinggui titanium dioxide factory that as of April 31, the recovery rate of titanium ore in the medium color Pinggui titanium dioxide factory had increased by 1.72% compared with the same period last year, a record high. This year, Zhongse Pinggui Titanium dioxide Factory adjusted its production and operation thinking, persisted in taking the market as the orientation, and focused on reducing costs, improving quality and increasing efficiency. In the face of unfavorable factors such as water shortage in production and complex and changeable market, they made good use of the leverage of economic responsibility, refined production management, focused on all aspects of production, and adjusted the production process and the collocation of titanium ores, which played a key role in improving the recovery rate. At the same time, strengthen the recovery of low titanium-bearing water, grasp the hydrolysis rate and washing yield, environmental protection workshop strict recovery, multi-measures, and achieved excellent results.

Terminal information

[China Automobile Association went to Renesas Electronics (China) Co., Ltd. to conduct research] China Automobile Association and China Semiconductor Industry Association went to Renesas Electronics (China) Co., Ltd. to conduct research. This survey is one of a series of automotive chip research activities of the China Automobile Association. The China Automobile Association will continue to carry out in-depth research along the industry chain, actively explore systematic solutions for automotive chips, and promote the integrated development of the automotive and semiconductor industries. Zhao Mingyu, deputy general manager of Renesas Automotive Business Center, said that Renesas attaches great importance to supply in the Chinese market and is actively planning to expand production in China.

[big data report: new energy used car replacement cycle is shorter] the used car auction platform auctions used cars every day. The "May online auction data report on used cars" released by big data Research Institute on the 2nd shows that compared with fuel vehicles, the replacement cycle of new energy used cars is shorter, with more than 70% of Tesla Model3 being sold in less than one year. According to the report, 43.9% of new energy used cars were sold within three years, and 37.0% of new energy used cars were sold within 30,000 kilometers.

Under the guidance of the China Insurance Industry Association, China Baoyan Automotive Technology Research Institute released the 12th issue of automobile zero-to-integral ratio research results on June 2, revealing the zero-to-integral ratio series index of 100 models. This issue of the study found that the "automobile zero-to-whole ratio 100 index" and "common parts burden 100 index" increased significantly. The current "Automobile Zero to integral ratio 100 Index" is 350.93%, an increase of 13.96 percentage points over the previous period, and the "Common parts burden 100 Index" is 17.31, an increase of 1.15 over the previous period. The car with the highest zero-to-integral ratio is the 2017 Beijing Mercedes-Benz C-Class, which is 823.59%.

On Tuesday, TSMC announced at the 2021 technical forum held by TSMC that trial production of 4nm is expected to begin in the third quarter of this year, one quarter earlier than previously planned, while the 3nm process is scheduled for mass production in the second half of 2022. At the meeting, TSMC launched N5A, a new process technology for automotive chips, which will be mass-produced in the third quarter of next year to meet newer and more enhanced automotive applications.

Daimler India plant has closed its bus and truck manufacturing department for three days, a Daimler spokesman said on Tuesday. Daimler India has closed its bus and truck manufacturing department for three days because of a shortage of parts caused by local blockade restrictions, a Daimler spokesman said on Tuesday. The plant is the first plant near the Chennai automobile manufacturing center in India to order a temporary suspension of production due to a shortage of parts. Global carmakers such as Ford, Hyundai and Renault-Nissan ordered closures last week after workers protested safety concerns.