[macro outlook] pay attention to the number of people claiming unemployment benefits in May CPI and the current week in the United States.
[overnight market] the US dollar rose slightly and metal prices fluctuated. China's PPI data rose sharply in May.
Last night, the metal inside and outside the market rose and fell differently, showing a high concussion trend as a whole. Lun Copper fell and fell below 10,000 yuan again. Yesterday's data showed that factory prices of industrial products in China rose at the fastest pace in 12 years in May. The National Development and Reform Commission held a working forum and proposed to closely track the trend of commodity prices, sparking concerns about government price restrictions.
The dollar rose slightly, investors are taking a wait-and-see attitude, and the market is closely watching the ECB policy meeting and the US consumer price index data to be released on Thursday to judge the pace of economic recovery and the extent of inflation, which in turn will further affect the trend of the dollar.
In terms of US stocks, the three major stock indexes closed down slightly. The United States will release the last batch of heavy economic data before the Fed's monetary policy meeting, and the market mood is cautious. The Dow closed down 152.68 points, or 0.44%, at 34447.14; the Nasdaq fell 13.16 points, or 0.09%, at 13911.75; and the Standard & Poor's 500 Index fell 7.71 points, or 0.18%, at 4219.55.
In terms of crude oil, oil prices remained stable, and US inventory data showed a surge in gasoline inventories as fuel demand was weak after the long Memorial Day weekend. Iran says the issue of oil sanctions has not yet been resolved in the nuclear negotiations. As a result, US sanctions against Iran have temporarily made the return of Iranian oil hopeless. The Northern Hemisphere has entered the peak season of traditional travel, boosting oil consumption, and US crude oil inventories have fallen continuously, but the sharp increase in gasoline stocks has dragged down oil prices.
In terms of precious metals, gold futures fluctuated slightly, and the rebound in the dollar index put gold under pressure. Investors are still waiting for US inflation data to judge the direction of the Fed's money, which in turn affects the price of gold.
Yesterday, the A-share size index fluctuated in a narrow range throughout the day, the Prev closed up 0.33%, the Shenzhen Composite Index and the gem index closed flat, individual stocks rose and fell mixed, coal, chemical, oil and gas and other periodic stocks, the plate staged a rising and stopping tide. Hongmeng concept stock continues to be strong, Mega intelligence, wisdom education are three consecutive boards, run and software rose by the limit at the end of the day. Spirit plate warmed up, some stocks stopped falling repair, Huangtai wine industry, Laiyi, Hainan Coconut Island and so on. The medical and American plate continued to decline after a short pulse in early trading, and the plate index fell 7 in a row. In addition, the national defense industry, dairy industry, tourism plate stocks have changed performance. On the market, Hongmeng concept, titanium dioxide, coal plate led the rise, beer concept, pharmaceutical e-commerce, sugar concept fell in the forefront. As of the close, the Prev index rose 0.32% to close at 3591 points; the Shenzhen Composite Index closed flat at 14720 points; and the gem index closed at 3207 points.
LME inventory
Macro focus
Premier Li Keqiang of the State Council presided over an executive meeting of the State Council on 9 June to deploy and promote the implementation of the major projects identified in the outline of the 14th five-year Plan, and to determine measures to deepen the reform of the salary system in public hospitals. better mobilize the enthusiasm of medical staff and better serve the people.
[statistics Bureau: prices of means of production rose 12.0% in May compared with the same period last year. Data from the National Bureau of Statistics showed that PPI rose 9.0% year-on-year in May, an increase of 2.2% over the previous month. Of this total, the prices of the means of production rose 12.0 percent, an increase of 2.9 percentage points, and the prices of means of subsistence rose 0.5 percent, an increase of 0.2 percentage points. Price increases in major industries expanded, of which the prices of the oil and natural gas mining industry rose 99.1 percent, an increase of 13.3 percentage points; the prices of the ferrous metal smelting and Calendering processing industry rose 38.1 percent, an increase of 8.1 percentage points; and the prices of the oil, coal and other fuel processing industries rose 34.3 percent, an increase of 10.5 percentage points. The prices of the non-ferrous metal smelting and Calendering industry rose 30.4 percent, an increase of 3.5 percentage points; the prices of the coal mining and washing industry rose 29.7 percent, an increase of 16.4 percent; and the prices of chemical raw materials and chemical products manufacturing increased by 20.9 percent, an increase of 3.4 percentage points.
[Ministry of Commerce report points out that commodity prices will remain strong for the whole of 2021] the "China Foreign Trade situation report (Spring 2021)" jointly released by the Comprehensive Department of the Ministry of Commerce and the Institute of International Trade and Economic Cooperation on Wednesday pointed out that looking forward to 2021, driven by the popularity of vaccines, the relaxation of epidemic prevention restrictions and the sustained recovery of the global economy, market demand is expected to recover steadily during 2021 and commodity prices will remain strong.
[the National Development and Reform Commission held a working forum to study further strengthening commodity price monitoring, early warning and market supervision] the National Development and Reform Commission held a working forum, which proposed to closely follow the trend of commodity prices, earnestly do a good job in price forecasting and early warning, further understand the operation of relevant market entities, find out clues to illegal price increases, and cooperate with relevant departments to further strengthen the linkage supervision of the spot market. Standardize the price behavior and maintain the normal order of the market. Relevant comrades of the Price Department, the Price Certification Center, the Price Monitoring Center and the Price cost investigation Center attended the forum.
[planned issuance of local bonds reached nearly 500 billion yuan in the first half of June] as of June 8, various localities have disclosed data showing that planned issuance of local bonds reached 474.164 billion yuan in the first half of June. Experts estimate that the monthly local bond issuance in June may reach 800 billion yuan, close to the actual issuance scale in May. With the appropriate relaxation of the issuance time limit this year, the local bond issuance arrangement may continue until the end of the year, and the pace of issuance is expected to be smoother. In addition, under the guidance of stricter supervision, the efficiency of the use of follow-up special debt funds is expected to be improved to a certain extent.
[Hong Kong regulators responded to the question of "whether HKEx will be asked to shelve raising the threshold for listing on the main board". In response to the question of "whether HKEx will be asked to shelve raising the threshold for listing on the main board", the Hong Kong Financial Services and the Treasury Bureau responded that the SFC and HKEx have noted that there are some listing applicants who only meet the requirements of profitability and market capitalization, whose valuations are higher than those of their listed counterparts. Many of these companies are unable to maintain their valuations after listing, resulting in losses to investors. In order to deal with the above regulatory problems, HKEx considers it necessary to raise its profit requirements. Although the respondents did not agree with the HKEx's proposal to increase the level of profit requirements, they did not object to the principle of improving the quality of Hong Kong's capital market and maintaining its diversification. As for the question of "the highest threshold for listing on the main board of the Stock Exchange in the global stock market", the Financial Services and the Treasury Bureau said that stock exchanges in different jurisdictions had different business and financial requirements for listing applicants, so it is difficult to make a direct comparison. The profit requirement, the minimum public shareholding requirement, the three-year minimum profit standard and the minimum public shareholding requirement of the Nasdaq global select market or the New York Stock Exchange are all higher than the rules to be implemented by the HKEx in 2022.
During his inspection tour of Qinghai, Xi Jinping stressed: actively cultivate emerging industries and speed up the construction of a world-class salt lake industrial base. Xi Jinping stressed during his inspection tour of Qinghai that we should persist in taking the people as the center and deepen reform and opening up. We will further promote ecological protection and high-quality development on the Qinghai-Tibet Plateau. Xi Jinping pointed out: entering the new development stage, implementing the new development concept, and building a new development pattern, Qinghai's ecological security status, land security status, and resources and energy security status are even more important. It is necessary to optimize the pattern of land and space development and protection, adhere to green and low-carbon development, combine with reality, enhance strengths and circumvent weaknesses, and work out a road of high-quality development with local characteristics. Based on the unique resource endowment of the plateau, we should actively cultivate new industries, speed up the construction of a world-class salt lake industrial base, and create national clean energy industry highlands, international eco-tourism destinations, and exporters of green organic agricultural and livestock products. It is necessary to speed up the reform of the scientific and technological system and mechanism, increase the support for scientific and technological innovation and the transformation of achievements, speed up the training of innovative talents, and stimulate innovative vitality. It is necessary to implement the strategic plan of the CPC Central Committee on promoting the large-scale development of the western region in the new era to form a new pattern and promoting the joint construction of "Belt and Road Initiative" high-quality development, and actively link with major regional strategies such as the development of the Yangtze River economic belt, ecological protection of the Yellow River basin, and high-quality development, so as to strengthen the endogenous driving force of economic development.
[the US Senate will invest US $200 billion in passing the Innovation and Competition Act in response to the Chinese Ministry of Foreign Affairs's firm opposition to the US taking China into account.] the US Senate voted 68 to 32 on the 8th local time to pass the 2021 US Innovation and Competition Act. The bill aims to invest more than $200 billion in US technology, science and research to counter China's growing influence, according to US media reports. In this regard, Chinese Foreign Ministry spokesman Wang Wenbin said on the 9th that how the United States can enhance its competitiveness is a matter for the United States, but the Chinese side firmly opposes that the United States takes China as its "imaginary enemy." The biggest crisis in the United States is the United States itself, and it is more important than anything else to run its own affairs well. China adheres to the path of peaceful development, and China's development goal is to constantly improve itself and enable the Chinese people to live a happier and better life. No one can deprive the Chinese people of the right to legitimate development that they want.
[four departments: the recyclable utilization rate of cars will reach 95% by 2023] the Ministry of Industry and Information Technology, the Ministry of Science and Technology, the Ministry of Finance and the Ministry of Commerce recently issued the pilot implementation Plan for the extension of producer responsibility for Automotive products. The plan proposes that by 2023, the standard recovery level of scrapped vehicles will be significantly improved, forming a number of replicable and popularized automobile manufacturing enterprises as the main body of scrapped automobile recycling mode, and the utilization level of scrapped automobile renewable resources will increase steadily, and the comprehensive utilization rate of resources will reach 75%. The automobile green supply chain system has been fully constructed, the recyclable utilization rate of cars has reached 95%, and the proportion of recycled raw materials for key components is not less than 5%.
Today's focus
[the situation of power cuts in SMM News has improved and the impact on copper downstream enterprises has been weakened] according to SMM research, the power cuts in Guangdong have been weakened, and there has been no situation of opening four stops three before. Enterprises in the lower reaches of Guangdong expect that the amount that will affect one day in the previous seven days will be reduced to that that affects only half a day in seven days. "View details
[SMM aluminum rod processing fee daily review: aluminum spot price horizontal aluminum rod processing fee stabilized] SMM June 9: today, the processing fee of universal aluminum rod in the mainstream area is running steadily, and the ex-factory price of universal aluminum rod of Shandong mainstream manufacturer is 400 yuan / ton, and the average price is 500 yuan / ton. Henan. "check the details.
[SMM analysis: Shanghai lead rose nearly 4% in two days! Has the wind changed in the lead city? Still need to be wary of this risk] by the end of trading, the Shanghai lead 2017 contract rose 2.95 per cent to 15450 yuan per tonne, the biggest increase of nearly 4 per cent in the past two days. Early lead prices fell below the ten thousand five line, recycled lead broke the cost line, refineries generally entered a state of loss, resulting in refineries to reduce production, in addition, the discount on recycled refined lead narrowed, and downstream procurement preferred to primary lead, contributing to the rise of lead prices in this round. SMM expects Shanghai lead to be short-term. "check the details.
[nickel Pig Iron Trading Daily Review] on June 9, SMM high nickel pig iron 1145 yuan / nickel point (including factory tax), the average price of Indonesian nickel pig iron 1145 yuan / nickel point (including tax), the stable operation of the nickel iron market, the buyer's wait-and-see intention, the market transaction is deserted, the supply of nickel pig iron in May / June is relatively tight, when the demand for stainless steel is stable, the price of nickel and iron is difficult to fall. "View details
[SMM nickel spot daily review period nickel price rebound spot rise discount is not as good as yesterday] due to the strength of last night, the nickel price maintained a narrow range of fluctuations around 133000 yuan / ton during the day. After the price went up, the spot trading was restrained obviously, and the trading volume was significantly lower than that of yesterday. "View details
[Foshan stainless Steel Daily Review short-term spot demand only rigid demand supports merchants' flexibility] Today, the spot market prices of various departments of cold and hot rolling in South China remain stable compared with yesterday, and the short-term shortage of individual specifications has been supplemented recently. Current merchants have little room for profit under flexible transaction operation. "check details.
[Mexico makes anti-dumping sunset review final judgment on Chinese stainless steel sinks] on June 7, 2021, the Mexican Ministry of Economic Affairs issued a notice on stainless steel sinks imported from China (no more than 8 kg in weight) (: fregaderos de acero inoxidable) in Spanish made a final decision on anti-dumping sunset review and decided to maintain the anti-dumping duties on the products involved. "check the details."
[Brazil launched countervailing investigation on Indonesia 304stainless steel cold-rolled plate] on June 2, 2021, the Brazilian Foreign Trade Secretary issued notice No. 18 of 2021 in the Federal Government Gazette, according to the Brazilian enterprise Aperam Inox A é rica do Sul S.A. Application for cold-rolled 304 stainless steel sheet originating in Indonesia. "View details
[southern rare earths listing price released on June 7, the average listing price of terbium oxide reduced by 200000 yuan / ton] A few days ago, southern rare earths announced the latest listing price of medium and heavy rare earth oxides, and the product prices were mostly reduced. The average listing price of terbium oxide was reduced by 200000 yuan / ton to 6.45 million yuan / ton, dysprosium oxide by 100000 yuan / ton to 2.375 million yuan / ton, and gadolinium oxide by 1000 yuan / ton to 186500 yuan / ton. "View details
[northern rare earths list price in June issued multi-product price reduction] Northern rare earths today announced the listing price of rare earth products in June. Among them, lanthanum oxide 10800 yuan / ton, cerium oxide 10800 yuan / ton, praseodymium neodymium oxide 498800 yuan / ton, neodymium oxide 508800 yuan / ton, metal praseodymium neodymium 614000 yuan / ton, metal neodymium 626000 yuan / ton. "View details
[SMM Express Dragon Python Bailey raised the price of titanium dioxide] long Python Bailey (002601) announced on the evening of June 8 that since July 1, 2021, the sales prices of various types of titanium dioxide (including sulfuric acid titanium dioxide and chlorinated titanium dioxide) have been increased by 500RMB / ton to various downstream customers on the basis of the original price. "View details
[SMM magnesium ingot spot KuaiBao magnesium price continues to decline] SMM June 9: today's Fugu area 90 magnesium ingot mainstream factory price 18500-18600 yuan / ton, 95B magnesium ingot mainstream factory price 18800-19000 yuan / ton; today's magnesium ingot factory price in the main producing area is 200 yuan / ton lower than yesterday, detailed quotation and reasons for the reduction, please see the following details. "View details
[SMM Daily Review Market is worried about the impact of safety inspection on the production of Xinjiang Metal Silicon Plant] Today, the overall price of silicon is stable, with oxygenated silicon in East China around 13200 yuan / ton. "View details
[polysilicon weekly review-price increase slightly narrowed] this week, the domestic single crystal re-feeding price range is 21.0-221000 yuan / ton, and the average transaction price is 216800 yuan / ton, an increase of 2.31% compared with the previous week; the price range of single crystal compact material is 20.7-219000 yuan / ton, the average transaction price is 213100 yuan / ton, and the weekly increase is 2.01%. "View details
[SMM Analysis on reducing consumption and limiting production in Ningxia + switching to 97 Silicon spot shortage] due to excessive energy consumption in the first quarter, energy consumption control in Ningxia became stricter in the second quarter. Since early June, various urban areas have issued notices on the target task of total energy consumption control. This week, 97 silicon production enterprises in Shizuishan, Yinchuan and other regions of Ningxia have received notices to reduce or stop production one after another. "check the details.
Important news of metals and industry
[Yunnan issues notice to gradually increase power load in monocrystalline silicon, iron and steel, non-ferrous metal smelting and other industries] according to the circular of Yunnan Energy Bureau's "Circular on further expanding the orderly Power consumption scale of Yunnan Electroweb", under the circumstances that thermal power start-up is gradually increasing and water supply conditions are gradually getting better, Yunnan Electroweb Co., Ltd. should coordinate economic growth and power supply security, and promptly notify orderly power users. Combined with the orderly power consumption index of each state (city), in principle, the added value of electricity in the industry is in the order from high to low (monocrystalline silicon, iron and steel, non-ferrous metal smelting, cement, chemical fertilizer, yellow phosphorus, calcium carbide, ferroalloy, industrial silicon, electrolytic aluminum). Consider the production characteristics of the industry to gradually increase the power load and restore the production of electricity as soon as possible.
Russian aluminum and copper exports increased and nickel exports fell in the first four months of 2021, according to customs data released on Tuesday.
Chile's central bank forecasts copper prices of $4.25 / lb in 2021 and $4.00 / lb in 2022.
Refined copper consumption is expected to grow 2 per cent in 2020 and 5 per cent to 25 million tonnes in 2021, DISER said. Consumption growth is expected to come from strong industrial and construction activity in China, as well as increased economic activity in India, the United States and Italy.
Zijin Mining: Congo (DRC) Kamoa-Kakoula copper project signed product underwriting agreement] Zijin Mining announcement, in cooperation with Ivanhoe Mining of Canada and the government of the Democratic Republic of the Congo, the first phase of the Camoa-Kakoula Copper Mine under Camoa Copper will deal with 3.8 million tons of ore in the first sequence year, and copper concentrate production has been officially started on May 25th. Camoa Copper signed product underwriting agreements with the company's wholly-owned subsidiaries Jinshan Hong Kong and CITIC Metals respectively, which underwrote 50% of each of its first series of production, including copper concentrate directly produced by the mine and crude copper produced through alternative processing.
[Peruvian Mining Tromok Copper Mine Phase II expansion Project passes EIA] on June 3, (SENACE), Peru's National Sustainable Investment Environment Certification Service, announced the approval of (MEIA) for the second phase expansion project of Peruvian Mining Tromok Copper Mine.
Workers at BHP Billiton's Spence copper mine in Chile said on Wednesday that they would extend negotiations with the company for a few more days to try to reach an agreement on a new contract and avoid a strike at the mine. The union, which represents 1100 workers at the Atacama Desert mine in northern Chile, said it hoped to reach an agreement by the end of Thursday.
[Peruvian Mining Tromok Copper Mine Phase II expansion Project passes EIA] on June 3, (SENACE), Peru's National Sustainable Investment Environment Certification Service, announced the approval of (MEIA) for the second phase expansion project of Peruvian Mining Tromok Copper Mine.
[Nord shares are planning to raise 2.288 billion to expand production.] Nord shares announced on the evening of June 7 that it would raise no more than 2.2882 billion yuan to be used in Qinghai electrolytic copper foil project for high-performance extremely thin lithium-ion battery, Huizhou power battery electrolytic copper foil project and supplementary working capital and repayment of bank loans.
It is reported that the Canadian government will invest in improving energy efficiency with a view to achieving net zero emissions by 2050. Seamus O'Regan, the minister of natural resources, said he would invest $40000 in Alcoa Canada's energy information system to reduce energy costs and greenhouse gas emissions from its Deschambault aluminum smelter.
Hydro has signed an agreement to sell its aluminum rolling business to KPS Capital Partners ("KPS"). The sale and acquisition have now been completed, and on June 3, Hydro's aluminum rolling division became an independent company under KPS. The name of the new company is Speira.
Recently, Yunnan, Inner Mongolia, Guizhou and other places have increased the control of high energy-consuming industries such as electrolytic aluminum. On the one hand, strict control over environmental protection and the implementation of the double carbon policy have led to fluctuations in the operating capacity and start-up of local electrolytic aluminum, on the other hand, the new production capacity of electrolytic aluminum in Yunnan, Inner Mongolia and other provinces is slower than planned or slowed down.
The draft statement of the EU-US summit on June 15 will mention that the EU and the US will promise to eliminate steel tariffs by December 1, 2021. The European Union and the United States hope to end the epidemic and vaccinate at least 2/3 of the world's countries by the end of 2022.
[Shougang shares: cumulative output of pickling automotive steel this year doubled compared with the same period last year] Shougang shares announced that in May 2021, the output of some of the company's key products increased to varying degrees compared with the same period last year, including a cumulative doubling of pickling automotive steel. The company's output of pickling automobile steel in May was 80300 tons, an increase of 286.2 percent over the same period last year; this year, it accumulated 311000 tons, an increase of 102.9 percent over the same period last year. Shougang shares said that it is expected that the domestic steel market prices will be strong shock in the short term.
Global nickel production was hit in 2020, with nickel production down 12 per cent to 2.4 million tonnes from 2019, as the novel coronavirus epidemic led to mine closures and production disruptions, according to (DISER), Australia's Ministry of Industry, Science, Energy and Resources.
According to recent reports, the Renison mine is expected to be used for at least another decade, and more tin has been found than it has extracted. Mineral development drilling led to a 1 per cent (1500 tonne) increase in identified tin in measured and indicated resources on the west coast in the year to March 31, according to Metals X Limited.
[lithium hexafluorophosphate supply continues to be tight, related companies have increased production capacity] at present, the inventory of lithium hexafluorophosphate industry is the lowest in recent years, some production enterprises continue to be full production, the industry operating rate is about 80%, and most enterprises have basically saturated their orders in June. Driven by strong demand downstream, the domestic price of lithium hexafluorophosphate rose again on June 8. The market price was 310000 yuan / ton, with a price range of 280000 yuan / ton to 340000 yuan / ton, an increase of nearly three times during the year. In order to be optimistic about the higher-than-expected growth of the new energy vehicle market and the sustained growth trend in the future, many listed companies have increased the production capacity of lithium hexafluorophosphate.
How to "think coldly" under the rising price of polysilicon by more than double this year? The price of polysilicon has climbed to a high level again, causing a new round of concern in the market. According to the average polysilicon recharge price of SMM, on June 9, 217 yuan / kg, the price has increased by 134% since the beginning of February.
Terminal information
[world Semiconductor Trade Statistics Organization: global semiconductor output value is estimated to increase by 19.7% to US $5272 this year] the World Semiconductor Trade Statistics Organization ((WSTS)) estimates that global semiconductor output value will reach US $527.2 billion this year, an increase of 19.7%. Memory chip output will grow by 31.7%, the highest growth rate. WSTS expects that in 2022, global semiconductor output is expected to reach a further US $573.4 billion, which will grow by another 8.8%, while memory chip output will grow by 17.4%, which will still be the highest.
[GM will have no start-stop function for some new pickups and SUV due to chip shortage] on June 8, GM said that due to a global chip shortage, some of its 2021 full-size pick-up trucks and SUV will not have automatic start-stop fuel saving function. The affected models include the 2021 Chevrolet Tahoe and Suburban, GMC Yukon and Cadillac Escalade.
[Sino-Thai Co., Ltd.: signing the Framework Cooperation Agreement for the industrialization of Wind Power, Photovoltaic hydrogen production and hydrogen Liquefaction] Sino-Thai joint-stock announcement, the company signed the "Chifeng Wind Power, Photovoltaic hydrogen production and hydrogen Liquefaction industrialization Project Framework Cooperation Agreement" with the people's Government of Songshan District of Chifeng City, China Shipbuilding Group Wind Power Development Co., Ltd., and Zhejiang Runfeng Energy Group Co., Ltd. The purpose of this paper is to make use of the excellent wind power and photovoltaic resources in Chifeng City, Inner Mongolia to develop low-cost renewable energy electrolytic hydrogen production technology, and at the same time speed up the conversion of superior resources and the construction process of new industrialization in Chifeng area.
[Shanghai Power Co., Ltd.: the company has planned to build production capacity for semiconductor chip testing] on June 8, Shanghai Power Co., Ltd. said in an institutional survey that the market of semiconductor chip test boards is a new field for the company. The company has planned to invest in a new production capacity of 6250 square meters per year for semiconductor chip testing. After the construction of the new plant is completed, the company hopes to catch up with its advanced counterparts in this field within five years. And enter the first echelon on the technical level.
[the Biden administration sets up a task force to address supply chain shortages] on June 8, the U.S. government released a 250-page report, including the results of a supply chain assessment and a wide range of recommendations. To ensure the supply of key products from drugs to microchips. The government will set up a supply chain disruption task force to address short-term bottlenecks that could affect economic recovery.
[chip contract manufacturer Lianhua Electronics' May revenue hit a record high of US $620 million] according to the official website of Lianhua Electronics, revenue in May was NT $17.189 billion, or about US $620 million, another record high. Lianhua's revenue in April was NT $16.382 billion, an increase of 807 million in May and 4.9 per cent month-on-month.
[it is reported that Apple's Mini LED yield fell short of expectations before Apple's mass production of the MacBook Pro was delayed to the second half of the year. According to Taiwanese media, citing supply chain sources, Apple expects to launch two MacBook Pro models in the second half of this year. Apple's original production time was in the second quarter, but it has been postponed to the third and fourth quarters. Sources pointed out that the delay was due to the fact that the Mini LED yield did not meet expectations, resulting in shipments that did not meet Apple's expectations.
[Beijing Mercedes-Benz plans to increase production capacity at two Beijing plants by 45%] Beijing Mercedes-Benz, a joint venture between Daimler and Beijing Automotive, plans to increase production shifts and working hours at its two plants in Beijing, a move that will increase Mercedes-Benz production capacity by 45%.
[LG Energy Solutions invests 12 billion won to purchase Australian electric car battery materials] on June 8, South Korean battery maker LG Energy Solutions said it had acquired a 7.5 per cent stake in Australian chemical company Queensland Pacific Metals for 12 billion won (about US $10.8 million) and signed a 10-year agreement to supply key metals for batteries.
[Ganfeng Lithium Industry: set up a joint venture company in Fengcheng and put into construction the first phase of 25000 tons / year lithium hydroxide project for lithium power new energy materials] according to the news on the evening of June 8, Ganfeng Lithium Industry said that the company and the Fengcheng municipal government signed the "Investment contract" and the "Investment Supplementary contract" on the same day, agreeing that Ganfeng Lithium Industry would set up a joint venture company within the jurisdiction of Fengcheng Municipal Government. And plans to invest in the construction of a new lithium electricity material project with an annual output of 50,000 tons.
[sales revenue of Shanghai integrated circuit industry grew 16.93% in the first quarter compared with the same period last year] during the 2021 World Semiconductor Congress on June 9, Guo Yiwu, secretary general of Shanghai Integrated Circuit Industry Association, said that in 2020, the scale of Shanghai integrated circuit industry exceeded 200 billion yuan for the first time, reaching 207 billion yuan, an increase of 21.4% over the same period last year. Shanghai has become one of the gathering places with the highest comprehensive integrated circuit industry, the most complete industrial chain and the best industrial ecological environment in China. Guo Yiwu said that according to statistics, the sales revenue of the Shanghai integrated circuit industry in the first quarter was 43.7 billion yuan, an increase of 16.93 percent over the same period last year. The sales volume for the whole year of this year is expected to exceed 244 billion yuan, an increase of 18 percent over 2020, and the market prospect is promising.
[Goldman Sachs: the impact of the global "core shortage" is expected to ease in the second half of the year) Andrew Tilton (Andrew Tilton), chief Asia economist at Goldman Sachs, said recently that the worst period of chip shortage may soon be over, and the chip shortage is expected to improve in the second half of 2021. Mr Tilton said there had been "significant tightening" and delivery delays in semiconductor supply chains in economies such as Taiwan, Japan and South Korea. "this will have an impact on the downstream industry, and the car manufacturing industry is one of them."
[Tesla regained the champion of new energy sales in May and achieved 29% month-on-month growth] according to data, Tesla's wholesale volume in China in May this year was 33463, an increase of 7618 over April's wholesale volume of 25845, an increase of 29% from the previous month, and returned to the top of the list of new energy vehicle sales. "it is a normal seasonal trend for Tesla to exceed April in wholesale and retail volume in May." Cui Dongshu, secretary-general of the bus Association, said that as a mode of order sales, Tesla's sales will not be negatively affected in the short term.
[Lordstown Motors warns that its electric vehicle business may fail] according to foreign media reports, electric vehicle start-up Lordstown Motors said on June 8 that it did not have enough funds to start commercial production, and that its business was at risk of failure. Lordstown shares plummeted after the warning. Lordstown revised its annual report to the Securities and Exchange Commission on June 8th, saying it may no longer be a "continuing business" in a year's time.
![Platinum Prices Held Up Well Intraday, Spot Discounts Remained Basically Flat, and Overall Trading Was Sluggish [SMM Daily Review]](https://imgqn.smm.cn/usercenter/fNuSg20251217171735.jpg)