[SMM Metal Morning reference] there are mutual ups and downs in metals and the dollar index continues to decline * the transaction is deserted, magnesium price is weak, and the spot coke market remains stable.

[macro outlook] pay attention to the quarterly rate of GDP after the first quarter adjustment of the euro zone and the trade account of the United States in April.

[overnight market] the rise and fall of metals varies from one dollar to the lower, and precious metals rebound to be supported.

Metals rose and fell in and out of the market last night, while Lun Copper fell as lower-than-expected Chinese trade data showed weaker demand from China as a major consumer of metals. China's copper imports fell 8 per cent in May from the previous month, record copper prices further undermined buying interest, while overall export growth was lower than expected.

The dollar fell, US Treasury yields changed little, and investors set their sights on meetings of the European Central Bank and the Federal Reserve. Friday's US jobs data put pressure on the dollar as investors believed job growth was not strong enough to heighten expectations of the Fed tightening monetary policy, a trend that continued on Monday.

In terms of US stocks, US stocks closed mixed on Monday, with the Dow down 126.15 points, or 0.36%, at 34630.24, the Nasdaq up 67.23 points, or 0.49% at 13881.72, and the S & P 500 down 3.37 points, or 0.08%, at 4226.52.

For crude oil, international oil prices fell on Monday after hitting a two-year high as demand was expected to improve and OPEC (OPEC) producers continued to restrict supply. China's crude oil import data in May showed that crude oil imports fell to an one-year low.

In terms of precious metals, as a result, the former US non-farmers fell short of expectations, the rebound in precious metals was supported again, gold prices held their gains on Monday, the dollar fell, and investors waited for US inflation data to be released later this week to determine when the Fed might start to scale back its economic support measures.

Yesterday, the A-share size index diverged obviously today. Affected by the sharp fall in the Ningde era, the gem index fell more than 1% in the afternoon and narrowed down in the afternoon, while the Prev closed up 0.21% in a narrow range. Technology stocks are active throughout the day, chip industry chain, domestic software, 5G plate and other stocks rose by the daily limit. Brewing plate rose sharply, liquor, beer plate index hit a record high, Shanxi Fenjiu stock price is the first time to break through the 500 yuan mark. The concept of medical beauty plummeted, and a number of stocks fell by the daily limit. In addition, the national defense industry, coal, phosphorus chemical industry and so on also showed a pull-up performance. On the market, Hongmeng concept, liquor, third-generation semiconductors are among the top gainers, while medical beauty concepts, three concepts and free trade ports are in the forefront of declines. As of the close, the Prev index rose 0.21% to close at 3599 points; the Shenzhen Composite Index fell 0.06% to close at 14862 points; and the gem index fell 0.44% to close at 3228 points. The total net outflow of northbound funds is 3.971 billion yuan, of which 1.124 billion yuan is from Shanghai stock market and 2.847 billion yuan from Shenzhen stock market.

LME inventory

Macro focus

[Guangdong epidemic repeated many locally listed companies responded to the business situation and expressed their full assistance] recently, the novel coronavirus epidemic in Guangzhou, Shenzhen and other places has been repeated. In this regard, the local listed companies respond to the business situation in a timely manner. Among them, Shenzhen enterprises such as Xinwei Communications, Optical Yunda and Wall Nuclear Materials all said that the company was operating normally and that the epidemic had no impact on the company. Guangzhou Port, Hollake, Dixon, Hongya CNC and other Guangzhou enterprises also said that everything is normal. Among them, Zhujiang Beer said that only a small number of employees are working at home because of the epidemic, and the company has normal production and operation and has not stopped work. In addition, listed companies are actively helping the front line. BGI said today that the company has built two "fire eye" laboratories in Longgang and Yantian in Shenzhen overnight, with an expanded daily test flux of 110000 tubes, while in Guangzhou, Jinyu Medicine is responsible for operating the Falcon air membrane chamber laboratory. Yutong bus said that the driverless bus used for contactless delivery of materials in Liwan District of Guangzhou is the L4 self-driving bus produced by the company. In addition, Xiangxue Pharmaceutical said that the epidemic has a certain pulling effect on the terminal sales of the company's antiviral oral liquid.

[Xi Jinping went to Qinghai for inspection and research] General Secretary Xi Jinping went to Qinghai for inspection and research on the 7th. In the afternoon, he came to Qinghai Shengyuan Carpet Group Co., Ltd., located in Xining City, to learn about the situation that enterprises rely on the advantages of local raw material resources, innovate design ideas, enhance product competitiveness, and increase employment and income of the masses. Subsequently, Xi Jinping came to the Wenting Lane community on Wenhui Road to inspect the community to strengthen grass-roots party building, improve grass-roots governance, and promote national unity and progress.

[Bancassurance Regulatory Commission formally issued guidelines for governance of bancassurance institutions shareholders shall not intervene directly in operation beyond the board of directors and senior management] recently, Bancassurance Regulatory Commission has formally issued "guidelines for corporate governance of bancassurance institutions" to insurance enterprises, stipulating that shareholders of bancassurance institutions should use their own funds from legitimate sources to buy shares in bancassurance institutions, and shall not buy shares with entrusted funds, debt funds and other non-self-owned funds. Shareholders and their controlling shareholders and actual controllers shall not abuse the rights of shareholders or make use of related relationships to damage the legitimate rights and interests of bancassurance institutions, other shareholders and stakeholders, shall not interfere with the decision-making and management rights enjoyed by the board of directors and senior management in accordance with the articles of association, and shall not go beyond the obligations of the board of directors and senior management to directly interfere in the operation and management of bancassurance institutions.

[trading firm: Dragon Boat Festival holiday adjustment range and trading margin level of related variety futures contracts] the company issued a notice that starting from the settlement on Thursday, June 10, 2021, the range of the trading limit of iron ore futures contracts and the margin level of hedging trading were adjusted to 11%, and the margin level of speculative trading was adjusted to 13%. The limit range of other futures contracts and the level of trading margin remain unchanged. After the resumption of trading on Tuesday, June 15, 2021, when the futures contract with the largest position of iron ore varieties did not have the first trading day of unilateral non-continuous quotation, the range of the trading limit and the level of trading margin of the variety returned to the pre-festival standard; the range of the limit and the level of trading margin of other varieties of futures contracts remained unchanged.

[trade Index between China and CEE countries released for the first time] the General Administration of Customs and the people's Government of Ningbo City, Zhejiang Province issued the trade index between China and CEE countries for the first time at the Fifth China-CEE countries Customs Inspection and Quarantine Cooperation Dialogue held in Ningbo. At present, the composite trade index of China and CEE countries is 273.80 points, up 4% from the previous month and 28.6% from the same period last year, indicating the sustained and steady growth of China's import and export trade with CEE countries.

[Ministry of Industry and Information Technology: supporting international cooperation among vaccine manufacturers] Mao Junfeng, deputy director of the Consumer goods Industry Department of the Ministry of Industry and Information Technology, said that China supports international cooperation among vaccine manufacturers. At present, three enterprises have carried out joint production with eight countries. At the same time, it is also discussing cooperative production with 10 countries. We will continue to promote the technology transfer of Chinese vaccine enterprises to more developing countries, support enterprises to actively apply for World Health Organization (WHO) certification of more production lines and dosage forms, and try their best to provide more vaccines to the outside world.

[up to 300 million yuan Shenzhen lavishly supports the development of satellite and application industries] the maximum funding for major equipment and key components development projects is 300 million yuan, for a single satellite project, 200 million yuan, and for launch insurance, up to 50 million yuan. It has been learned from the Shenzhen Municipal Development and Reform Commission that the "Shenzhen working opinions on supporting the Development of Satellite and Application Industry" led by it has been officially issued and implemented recently. 16 innovative measures have been launched from five aspects, such as creating characteristic application scenes and enhancing the ability of independent innovation, to help Shenzhen take the lead in building an international first-class and domestic leading "satellite plus" innovation ecology. to build Shenzhen into a global satellite and application industry innovation highland.

[regulators are considering allowing EU countries to provide up to 100 per cent subsidies for renewable energy projects] EU competition regulators are considering amending EU state aid laws to allow EU countries to provide up to 100 per cent subsidies for renewable energy projects.

[Shanghai: study the measures to improve the quality and energy of tourism in the construction of the international financial center and Hongqiao international open hub] the executive meeting of the Shanghai municipal government studied the construction of the international financial center and Hongqiao international open hub, and measures to improve the quality and energy of tourism. The meeting agreed in principle to the 14th five-year Plan for the Construction of the Shanghai International Financial Center and pointed out that in order to serve the real economy, we should not only guide financial institutions to innovate products and serve key industries, but also deepen big data's inclusive financial application, so as to better promote the healthy development of small and medium-sized enterprises. The meeting agreed in principle with the 14th five-year Plan of the Central Business District of Hongqiao International Open Hub and pointed out that we should speed up the formation of a global well-known brand regional consumer center and international consumer experience center, and further enhance the popularity index. The meeting agreed in principle on "some measures to support the improvement of the quality and capacity of Shanghai's tourism industry" and pointed out that it is necessary to properly handle the relationship between traditional tourism and emerging tourism, so as to digitally empower the development of tourism to a new level.

[the Ministry of Industry and Information Technology will issue the 14th five-year Plan for the Software Industry as soon as possible] at the first China Industrial Software Conference held in Chongqing, Xie Shaofeng, director of the Information Technology Development Department of the Ministry of Industry and Information Technology, said, "We will issue the 14th five-year Development Plan of the software industry as soon as possible, comprehensively promote the development of the software industry during the 14th five-year Plan period, and speed up the introduction of a three-year action plan for key technology software. We will strengthen key support for key technologies of industrial software. "

[two departments: speeding up the promotion of block chain technology application and industrial development] the Ministry of Industry and Information Technology and the Central Network Information Office issued guidance on accelerating the promotion of block chain technology application and industrial development. It is suggested that by 2025, the comprehensive strength of the block chain industry will reach the world's advanced level, and the industry will begin to take shape. Cultivate 3-5 internationally competitive backbone enterprises and a number of innovative leading enterprises, and create 3-5 block chain industrial development agglomeration areas. The standard system of block chain has been preliminarily established. By 2030, the comprehensive strength of the blockchain industry will continue to improve, and the industrial scale will be further expanded. Blockchain has become an important support for building a manufacturing power and a network power, developing digital economy, and realizing the modernization of national governance system and governance capacity. The guidance deploys two key tasks: one is to give full play to the role of blockchain in optimizing business processes, reducing operating costs, and building a credible system, focusing on real economic areas such as supply chain management, product traceability, data sharing, etc., promote the application of blockchain integration, and support the digital transformation and high-quality development of the industry; The second is to promote the application of blockchain technology in government services, evidence forensics, smart cities and other public services, speed up application innovation, and support the transparency, equality and precision of public services.

[safe: the overall stability and recovery of China's economy this year will continue to provide support for the basic stability of foreign exchange reserves.] in response to a reporter's question on the changes in the scale of foreign exchange reserves in May, safe spokesman Wang Chunying said that as of the end of May 2021, China's foreign exchange reserves stood at US $3.2218 trillion, an increase of US $23.6 billion, or 0.74%, compared with the end of April. In May, the operation of the foreign exchange market continued to be stable, and the overall market transactions remained rational and orderly. At present, the epidemic situation of COVID-19 abroad continues, and the global economic and financial situation is still faced with many unstable and uncertain factors. However, this year, China's economy has continued to recover steadily, and the driving force for development has been continuously strengthened, which will continue to provide support for the basic stability of the scale of foreign exchange reserves.

[general Administration of Customs: the total value of Sino-US trade in the first five months was 1.82 trillion yuan, an increase of 41.3 percent.] data from the General Administration of Customs show that imports and exports to major trading partners such as ASEAN, the European Union and the United States all increased in the first five months of this year. In the first five months, the United States was China's third largest trading partner. The total value of trade between China and the United States was 1.82 trillion yuan, an increase of 41.3 percent, accounting for 12.3 percent. Of this total, exports to the United States totaled 1.34 trillion yuan, up 38.9 percent; imports from the United States totaled 478.3 billion yuan, up 48.5 percent; and the trade surplus with the United States totaled 860.51 billion yuan, up 34.1 percent.

[China's exports rose 18.1% in yuan terms in May from a year earlier] in yuan terms, China's exports rose 18.1% in May from a year earlier, with an expected increase of 19.5% and a previous increase of 22.2%. In yuan terms, China's imports rose 39.5 per cent in May from a year earlier, with an expected increase of 44.2 per cent and a previous increase of 32.2 per cent.

[in dollar terms, China's exports rose 27.9% in May from a year earlier] in dollar terms, China's exports rose 27.9% in May from a year earlier, with an expected increase of 32.1% and a previous increase of 32.3%. In dollar terms, China's imports rose 51.1 per cent in May from a year earlier, with an expected increase of 53.5 per cent and a previous increase of 43.1 per cent.

[general Administration of Customs: 14.76 trillion yuan in imports and exports in the first five months of this year] the General Administration of Customs announced today that in the first five months of this year, China's imports and exports totaled 14.76 trillion yuan, an increase of 28.2 percent over the same period last year, and monthly imports and exports have shown a growth trend for one year in a row.

[Ministry of Commerce: APEC 27th Trade Ministers' meeting achieved three Major results] relevant responsible persons of the International Department of the Ministry of Commerce said today: as the first high-level event this year, the 27th APEC Trade Ministers' meeting focused on discussing the role of trade in responding to the epidemic and promoting economic recovery, reached a lot of important consensus, and contributed economic and trade results to this year's APEC leaders' meeting. First, it is stressed that trade should play a more important role in the response to the epidemic and economic recovery. Second, it has sent a strong signal of support for the multilateral trading system. The third is to reaffirm the promotion of the process of regional economic integration.

Today's focus

As the price of aluminum scrap rebounded by nearly 300 yuan / ton today, the price of waste aluminum rose rapidly, with cooked aluminum rising by 200 yuan / ton and raw aluminum by 100 yuan / ton. But what's worth paying attention to is. "check the details.

[ADC12 Price Daily Review] Aluminum prices ended five consecutive declines today, recovering some of last week's losses. SMM A00 aluminum prices rose 270 yuan / ton to 18530 yuan / ton from yesterday, while recycled aluminum prices also rebounded slightly. "check the details.

[aluminum bar spot daily review: base price rebound aluminum bar processing fee pressure market transaction is not good] Today, SMMA00 aluminum ingot price rebounded back to 18530 yuan / ton, an increase of 270yuan / ton, the base price rebound under the holder to reduce its processing fees, today aluminum rod mainstream market processing fees as a whole reduced by 30-50 yuan / ton, after poor trading time, some traders continue to reduce their processing fees, the overall market transaction is general. Details of this morning's offer are as follows. "View details

[SMM data SMM Seven zinc ingots social inventory dropped 9500 tons compared with last Friday] SMM June 7: according to SMM, as of Monday, the total SMM zinc ingot inventory was 142700 tons, down 9500 tons from last Friday (June 4) and 11700 tons from last Monday (May 31). "View details

[SMM analysis lead price fell 5 days in a row under the strong cost support of lead prices under Wanwu inventory] since the beginning of June, the main 2107 contract of Shanghai lead has continued to weak. after falling for five consecutive trading days, by the close of trading on June 7, the price of Shanghai lead 2107 contract was 14945 yuan / ton, down 510 yuan / ton from June 1, or 3.3%, and finally fell below the first line of five thousand five. "View details

[nickel Pig Iron Trading Daily Review] on June 7, SMM high nickel pig iron 1145 yuan / nickel point (including factory tax), the average price of Indonesian nickel pig iron was 1145 yuan / nickel point (including arrival tax), the average price of Indonesian nickel pig iron was 1145 yuan / nickel point (including arrival tax), there were few inquiries in the nickel iron market, there were no guided transactions, the nickel iron market quotation was strong, and the shippers' intended prices were all at 1070 yuan / nickel point (including tax to the factory). "View details

[SMM data: there are differences in the trend of high and low ferronickel production in May. In May 2021, the national output of high-nickel pig iron rose 5.32% month-on-month to 35700 nickel tons. In terms of grade, the output of high-nickel iron in May was 29400 nickel tons, up 10% from the previous month. The output of low nickel iron in May was 6300 nickel tons, down 12.1% from the previous month.

[the resumption of production at the Norilsk Nickel:Taimyrsky nickel mine has reached the planned target of 40%] recently, MMC Norilsk Nickel issued an announcement that it will gradually resume ore mining at the Taimyrsky mine on June 1, and plans to ensure the normal operation of the enterprise in the near future in 2021. At present, the mine has reached 5000 tons of daily output, about 40 per cent of the planned target. . "View details

[Resource Mining completes mapping and sampling of Tanzanian nickel project] it is reported recently that, Resource Mining Corporation Limited (ASX:RMI) exploration team has completed a comprehensive mapping plan in the KabulanyweleNickel project in the Mpanda area of Tanzania, combining systematic soil and rock sampling. "View details

[SMM Coke spot Daily Review: the Coke spot Market is stable. Shandong will introduce a coke fixing policy based on coal] Today, the Shandong coke spot market is operating steadily. Recently, there are market rumors that Shandong will soon introduce a policy of fixing coke by coal, and some coke enterprises in Shandong have responded that relevant working groups have been stationed at present, but. "check the details.

[Foshan stainless Steel Daily Review at the beginning of the week, the operation of private steel is stable and some specifications are weak] at the beginning of the week, the spot market prices of 200 series and 300 series private cold rolling in South China showed a small profit-making operation, and the price sentiment was slightly weaker than that of last week. however, the state-run spot is still high at the beginning of the week, and the profit room for merchants is limited. "View details

[SMM magnesium ingot spot KuaiBao transaction cold magnesium price weak operation] SMM June 7: today's Fugu area 90 magnesium ingot mainstream factory price 18900-19000 yuan / ton, 95B magnesium ingot mainstream factory price 19200-19400 yuan /; today's magnesium ingot main production area factory price is the same as yesterday, detailed quotation and flat reasons, please see the following details. "View details

[SMM Analysis of three Gorges Water Conservancy: Chongqing Wuling Manganese Industry has stopped production in accordance with the requirements of the notice] the three Gorges Water Conservancy (600116.SH) announced recently, Chongqing Wuling Manganese Industry Co., Ltd. ("Chongqing Manganese Industry"), a subsidiary of the company, respectively received a notice from the Ecological Environment Bureau of Xiushan Tujia and Miao Autonomous County ("Xiushan Ecological Environment Bureau") ordering Chongqing Wuling Manganese Industry Co., Ltd. (Xiushan Huanfa (2021) 82) and the economy and Informatization Committee of Xiushan Tujia and Miao Autonomous County (Xiushan Classic). Emergency notice on the disposal of backward production process and equipment of Electrolytic Manganese (Xiushan Economic and Information Committee (2021) No. 29). "View details

[SMM data: ladder increase in supply and demand of lead ingots] SMM6 7: according to SMM, as of Monday, the total inventory of SMM lead ingots in the five places reached 118500 tons, up 7800 tons from last Friday, up 13600 tons from Monday, and refreshing the highest level since April 2015. "View details

[SMM Daily Review Yunnan Silicon Plant Power cut slightly alleviates the impact of Guangdong Automobile Transport capacity on arrival] Today, Kunming 330 silicon is around 14900 yuan / ton, because the social inventory is almost completely digested and the transaction is less. "check the details.

Important news of metals and industry

According to data released by the General Administration of Customs today, China's imports of copper concentrate in May were 1.945 million physical tons, an increase of 1.25% over the previous month. 15.02% more than the same period last year, the total import volume of copper concentrate from January to May was 9.827 million physical tons, an accumulative increase of 6.04%. Overall, in the same period last year, overseas was gradually affected by the novel coronavirus epidemic, and mine production was affected, which in turn led to a sharp decline in domestic imports, with a significant year-on-year increase under a low base last year.

[wage negotiations between employers and employees of Escondida, the world's largest copper mine] the union of BHP Billiton's Escondida copper mine in Chile said on Friday that it had submitted a preliminary proposal for a new collective wage agreement, which means the salary negotiations at the world's largest copper mine by copper reserves have officially begun. BHP Billiton also confirmed that it had received a preliminary salary proposal from the union and that the company needed to provide feedback on the union's proposal within 10 days.

[strong recovery in Peruvian mining production] according to the Peruvian Ministry of Minerals, compared with the same period last year, the country's copper production increased by 10% in the first four months compared with the same period last year, silver by 25%, lead by 15% and molybdenum by 15%.

[Mingtai Aluminum: the aluminum-plastic film aluminum foil produced by the company is indirectly supplied to large battery manufacturers through downstream customers.] Mingtai Aluminum said on the investor interactive platform on June 7 that Mingsheng new materials can now produce battery shell materials. The alloy grades used for lithium battery diaphragms are 1 series and 3 series alloys with a thickness of 8-16 microns! The aluminum foil produced by the company is indirectly supplied to large battery manufacturers through downstream customers, including but not limited to Xinlun, Zijiang, Mingguan and other manufacturers.

[Ramble Resources: Yarahidi lead and Zinc Project drilling results good] Longbull Resources (Rumble Resources) has found good drilling results in Chinook (Chinook), the Yarahidi (Earaheedy) project in Western Australia. The drilling saw 23 meters at a depth of 103 meters, with a lead and zinc grade of 4.1%, including a thickness of 17 meters, a lead and zinc grade of 5.2% and a silver grade of 6.2 g / ton.

Vale has halted production of its Timbopeba mine and part of its Alegria mine after prosecutors ordered the evacuation of the area around the new ancient dam in nearby Minas Gerais. The company said the closure would reduce its daily iron ore production by 40000 tonnes.

[SMM Review: China imported 89.79 million tons of iron ore in May down 8.9% from the previous month] on the one hand, the prices of imported mines rose and fell sharply in May, and traders and steel mills were more cautious about the trading of imported mines. On the other hand, due to the impact of the holiday in early May, customs in many places have a normal holiday, and the efficiency of customs clearance of imported goods is reduced.

[China's steel exports fell by 33.9% in May from 5.271 million tons in May] according to customs statistics, in May, China exported 5.271 million tons of steel, a decrease of 2.702 million tons, or 30.9%, from the previous month; the average price was 1141.5 US dollars / ton, an increase of 213.2 US dollars / ton, an increase of 23.0%. From January to May, steel exports totaled 30.924 million tons, an increase of 5.924 million tons or 23.7 percent over the same period last year.

Jiangxi Tungsten Industry holding Group Co., Ltd. national standard first-grade wolframite concentrate guiding price of 98000 yuan / standard ton in the first half of June 2021.

A few days ago, Chongyi Zhangyuan Tungsten Industry Co., Ltd. announced the long order quotation for the first half of June, the specific quotation is as follows: 1, wolframite concentrate (WO3 ≥ 55%): 95000 yuan / standard ton; 2, scheelite concentrate (WO3 ≥ 55%): 93500 yuan / standard ton; 3, ammonium paratungstate (national standard zero): 145500 yuan / ton. Note: the above unit price includes 13% VAT.

The tungsten market forecast price of Ganzhou Tungsten Industry Association in June 2021: wolframite (55 degrees) 95000 yuan / standard ton, APT 145,500 yuan / ton, medium particle tungsten powder 230yuan / kg. The price is for reference only and the commercial risk is taken care of by yourself.)

[Mkango will establish an European rare Earth Centre in Poland in cooperation with Polish Grupa] Mkango and Grupa have agreed to work together to develop a rare earth separation plant in Poland. The plant was originally expected to produce about 2000 tons of neodymium, praseodymium and / or praseodymium (NdPr) oxides and heavy carbonates rich in rare earths, of which about 50 tons of dysprosium and terbium oxides are produced annually.

[Malian gold revenues rose 13% in 2020 due to rising prices] the national income of Malian gold mining companies rose 13% year-on-year to 457.5 billion CFA francs (US $850 million) in 2020, driven by rising global metal prices during the epidemic, according to government data on Friday.

Terminal information

According to the Ministry of Industry and Information Technology, from January to April, the production of two-wheeled pedal bicycles was 15.85 million, an increase of 45.9 percent over the same period last year, and the output of electric bicycles was 10.398 million, an increase of 64 percent over the same period last year. In April, the national production of two-wheeled bicycles was 4.762 million, an increase of 14.1 percent over the same period last year, and that of electric bicycles was 3.322 million, an increase of 28.8 percent over the same period last year. From January to April, the operating income of large-scale bicycle manufacturing enterprises nationwide was 64.09 billion yuan, an increase of 58.3 percent over the same period last year, and the total profit was 2.28 billion yuan, an increase of 75.8 percent over the same period last year.

BYD sold 32800 new energy vehicles in May, compared with 11325 in the same period a year earlier, compared with 113213 in the previous month, up 143.41 per cent from a year earlier.

[Nissan Electric SUV Ariya delayed launch due to epidemic and chip shortages] on June 4, Nissan Executive Vice President Asako Hoshino said the launch of the new electric SUV Ariya would be postponed due to the epidemic and global chip shortages. The launch of the Ariya in Japan will be delayed from the middle of this year to this winter; the United States and Europe are usually about two months later than Japan.

[Honda will stop production at a Japanese powertrain plant in 2025] on June 4, Honda said it would stop production at its powertrain plant in Tochigi prefecture in 2025 to adapt to changes in the global auto industry. With the expansion of overseas production, local procurement of powertrain has increased, leading to a reduction in local supply in Japan, the company said in a statement.

[Tesla Berlin Super Factory formally applied for cell production license] Tesla has formally applied for a battery production license from Brandenburg. The Brandenburg Department of Environment said the company completely revised the application document and handed it over to the environment department. The new document adds parts to the body and reduces estimated water consumption.

[electric cars boosted sales, German new car sales rose 37 per cent in May] German Transport Ministry KBA said 230635 new passenger cars were registered in Germany in May, up 37 per cent from a year earlier, of which electric car sales boosted overall sales. About 26800 pure electric passenger cars were sold in Germany in May, up 380% from a year earlier, and about 27200 plug-in hybrids were sold, up 300% from a year earlier.

[Japanese media: Japanese car companies'R & D spending will reach a record high of 2.8 trillion yen this year.] Japanese car companies'R & D spending will reach an all-time high in 2021 after a year. Toyota, Nissan, Honda, Mazda, SUBARU and Mitsubishi Motors will spend a total of 2.887 trillion yen, up 7 per cent from a year earlier, on the development of pure electric vehicles such as the (EV).

[JAC: pure electric passenger car sales rose 132% in May compared with the same period last year] Jianghuai Automobile announced that car sales in May were 44391, up 6.03% from the same period last year, while cumulative sales in the previous month were 243875, up 45.19% from the same period last year. Sales of pure electric passenger cars in May were 9356, up 131.81 per cent from a year earlier.

[year-on-year growth of more than 970%! CNAC Lithium throw more than 50 billion Lithium Ion Power Battery Construction and Plan for next year IPO] SMM News on June 7, AVIC Lithium, which ranks fourth among power battery manufacturers in China, plans to IPO next year. According to the statistics of the National Automotive Power Battery Industry Innovation Alliance, AVIC Lithium installed 3.55% of GWh, in 2020, ranking fourth in the industry. The first three are Ningde era, BYD and LG Chemistry.

[89% shareholding! BergWarner completes acquisition of battery system maker Akasol] on June 4, BergWarner said it had completed its offer for Akasol, a German maker of lithium-ion battery systems, and held 89 per cent of Akasol's outstanding shares. The acquisition further strengthens BergWarner's ability to electrify commercial vehicles and industries, giving the company a better advantage of the fast-growing battery pack market.

[Flex: chip shortages will continue until at least mid-2022] Flex, the world's third-largest electronics contract manufacturer, warned that the global chip shortage would last for at least another year, in one of the most negative forecasts so far. Flex has more than 100 plants in 30 countries, making equipment and electronics for companies such as Ford.

[foreign migrant workers are out of work for 14 days Jingyuan: there is no significant change in orders and customer attitudes] the cluster infection of foreign migrant workers in Jingyuan wafer testing plant continues to attract attention in the industry. In an interview with local media on the morning of the 9th, the company said that about 2100 foreign migrant workers in the company have been suspended from work since the evening of the 4th and are planned to be suspended for 14 days, and the impact of the production line has yet to be assessed in detail. however, various departments, including the operation of the production line, are urgently dispatched by local staff, and some of the production line is reduced, but it continues to operate.