[SMM Metal Morning ginseng] the rise of the US dollar dragged down the gold price * Yangshan copper premium went down further * lead concentrate processing fees continued the downward trend.

"[overnight quotation] the rise of the US dollar dragged down the price of gold and most of the metals at home and abroad were red.

"[macro outlook] heavy US economic indicators after the festival focus on US zero sales and PPI data in May

(closing price as of Friday, June 11)

Last Friday, most of the metals in the outer disk were red, Lunxi, Lunxi and lead rose nearly 1%, Lunni rose nearly 0.8%, Lunzn zinc rose nearly 1.7%, and Lun aluminum fell nearly 0.6%. On the domestic side, the metal market was red across the board last Friday. International copper rose nearly 0.3%, Shanghai copper rose nearly 0.4%, Shanghai aluminum rose nearly 3.7%, Shanghai lead rose nearly 0.2%, Shanghai zinc rose nearly 1.2%, and Shanghai nickel rose nearly 2.4%. Shanghai tin rose nearly 2.3%.

The dollar rose, the weekly line posted its biggest gain since early May, as corporate positions adjusted in the middle of the month and a series of large options expired also boosted the index's performance. The euro fell 0.51 to 1.2108 against the dollar, which is set to record its biggest weekly decline since the end of April.

On the u. S. stock market, on Friday, the Dow rose 0.04% to 34479.60, down 0.8% a week. The Nasdaq rose 0.35% to 14069.42, or 1.85% a week. The s & p 500 rose 0.19% to 4247.44, or 0.41% a week. The Fed will release its interest rate decision in the early hours of Thursday. The tightening measures are not expected to be announced this time, but investors will be watching closely to see if the Fed is preparing for monetary tightening. Economists expect the Fed to raise interest rates in 2023, with a hint of contraction in August or September this year.

LME inventory

Macro focus

[Citic Construction Investment Zhang Yulong: the market is expected to continue to operate smoothly] Zhang Yulong, chief strategist at CITIC Construction Investment Securities, said on the evening of June 14 that the market will remain calm and smooth. From the perspective of industry comparison, Zhang Yulong said: first, the fall in commodity prices helps to reduce the cost of mid-stream manufacturing, which is a relatively certain direction. Be optimistic about the mid-stream manufacturing industries such as photovoltaic and new energy vehicles, general and special machinery and equipment, and communications equipment. Second, computers and other growth sectors are dominant as scheduled, which is also quite persistent. Third, we need to grasp the window of the current market rebound, while using undervalued industries to deal with possible fluctuations, so the insurance industry has more advantages in the financial sector in June.

[Shanghai further deploys safety prevention work to promote special rectification of production safety for three years.] the video conference on safety prevention held in Shanghai today requires that the city will further promote the special rectification of production safety for three years, fully implement safety responsibilities, and earnestly consolidate the responsibilities of the main body of enterprises, territorial responsibilities, regulatory departments, and party and government leaders. Strengthen prevention, comprehensively carry out investigation and rectification, adhere to goal-oriented and problem-oriented, and focus on urban gas pressure stations, LPG supply stations, gas and other key pipelines, dangerous chemical enterprises, construction sites, special equipment, fire control key prevention and control units and other prominent areas of hidden dangers, strict supervision and law enforcement, from the source, from the root to eliminate hidden dangers.

[the EU launches a $1 trillion bond issue to help the economy recover from the epidemic] the EU is testing investor interest in issuing nearly $1 trillion of bonds over five years. The EU hopes to use bond financing to help its economy recover from the impact of the pandemic. As part of the next-generation EU plan, the EU has begun to register demand for its 10-year bonds. The next generation of EU plans to provide grants and loans to EU member states. In an interview published on Monday, ECB President Christine Lagarde said the stimulus package would "change the future of Europe." The bond is likely to be priced on Tuesday. Strategists at Commerzbank expect the offering to exceed 10 billion euros ($12 billion).

[investment promotion macro: short-term waiting for the policy inflection point is changing the starting point for a long time] US stocks and A shares are all in shock, and the style is still strong in the last cycle, but consumption and growth have rebounded. Us stocks have fluctuated at high levels since April, but the overall correction has been made, with the Nasdaq up 7.8 per cent, the S & P 7.3 per cent and the Dow 4.3 per cent. The Hang Seng Index increased by 0.9%, the Shanghai and Shenzhen 300 increased by 2.6%, the Shanghai Composite Index increased by 3.8%, and the gem Index increased by 19.0%. From the Citic style index, the cyclical style index remained strong and continued to rise; the consumption style and growth style also rebounded, but the consumption style adjusted after June.

Today's focus

[SMM analysis: it is difficult to see wavy copper prices in the short term in the macro aspect or maintain shock consolidation] generally speaking, the monetary overload has been serious since the epidemic last year, and the expectations of easing in Europe and the United States and other countries have basically reached their peak. although they will not withdraw from quantitative easing policy quickly in the short term, it is difficult to see a significant increase again. Next week, we will focus on the Fed interest rate discussion meeting. Since June, the market has gradually turned its attention to the contradiction of domestic fundamentals. "View details

[SMM analysis: foreign trade market demand is very weak Yangshan copper premium further down] this week foreign trade market transactions maintained low activity, Yangshan copper premium continued to adjust downwards. LME copper inventory has been rising in the past two weeks, the increment is mainly in the Asian warehouse, 0-3 contango structure has expanded, but it is difficult to change the market pessimistic attitude towards premium. "View details

[SMM analysis: in May domestic smelters entered centralized maintenance of electrolytic copper production decreased month on month] May SMM China's electrolytic copper output was 850100 tons, down 3.1% from the previous month, an increase of 10.4% over the same period last year. "View details

[SMM analysis: the copper bar industry is entering the traditional off-season with an operating rate of 60.59% in May.] according to SMM, the copper bar industry is facing a decline in new orders and is entering the traditional off-season situation of consumption, which generally does not pick up until September. According to SMM, the operating rate of copper bars is expected to be 58.28% in June, down 2.3% from the previous month. "View details

[SMM analysis: the operating rate of recycled copper rods in May is 70.49%. According to SMM research, the operating rate of recycled copper rods in May is 70.49%, a month-on-month decrease of 0.18%, and a year-on-year increase of 26.86%. Due to the high tight price of raw materials and weak orders, the thin profit of recycled copper rods will reduce the start-up level. "View details

[SMM analysis: recycled aluminum prices follow the weak downstream die-casting or enter the seasonal off-season] Aluminum prices fluctuated higher this week, recovering all the losses last week. SMM A00 aluminum prices rose more than 500 yuan / ton compared with last Friday, and today's aluminum disk returned to the front line of 19000 yuan / ton to close at 19190 yuan / ton, while recycled aluminum prices lacked momentum. ADC12 prices even fell 100 yuan / ton last week compared with last week. "View details

[SMM analysis: Guangxi alumina new production more southwest caustic soda market supply and demand brief analysis] according to SMM, Guangxi Longzhou Xinxiang Ecological Aluminum Co., Ltd. has successfully put into production 1 million tons of alumina a year, and it is expected that 500000 tons of alumina will be produced this year. With the commissioning of new alumina projects in southwest China, the output of caustic soda in southwest China is obviously in short supply. Guangxi and other places are in short supply because of regional policies. It is difficult to add chlor-alkali plant, what is the supply and demand of alumina-caustic soda in the future? "View details

[SMM comment: lead concentrate processing fees continue to decline mine production recovery falls short of demand expectations] near the Dragon Boat Festival this week, SMM lead concentrate weekly processing fees were again reduced, smelter profits generally narrowed, in the context of the lead consumption off-season and social stocks repeatedly brushing new highs, the decline in lead prices is still very limited, and the gradually rising costs on the supply side of lead concentrates and waste batteries seem to be slowly transmitted. "View details

[SMM research: one ring presses a ring of copper cable companies are "seriously injured". Since 2021, with the pace of global economic recovery and policy easing, copper prices have risen sharply, with the outer disk once surpassing the high of US $10190 / ton and reaching an all-time high of US $10747.5 / ton. The high copper price burns the "blood vessels" of our national economy-wire and cable enterprises, and also has a great impact on related industries. "View details

[SMM survey: primary former smelter weekly operating rate] according to Shanghai Nonferrous Network (SMM) survey, this week (June 5-June 11) SMM primary lead smelter weekly operating rate of 60.9%, this week primary lead smelter operating rate increased month-on-month. "View details

[SMM comment: high nickel pig iron price increase is still better than scrap stainless steel per nickel discount narrowing economy] the price of high nickel pig iron rose this week, with an average price of 1160 yuan / ton as of Friday, compared with scrap stainless steel, the average price per nickel point is about 99 yuan / nickel point, down 27 yuan / nickel point from last week's average. "check the details.

[SMM analysis: lithium players scramble for listing capital to become an important competitiveness of lithium enterprises in the future] since Science and Technology Innovation Board opened the gate in July 2019, a large number of lithium enterprises have rushed to list. By 2020, 26 of more than 40 lithium power enterprises sprint gem and gem IPO, have successfully landed. At the end of 2020, Paron Technology, which focuses on lithium iron phosphate batteries, went public, and Tianneng shares, whose main business is new energy batteries, also went public two weeks later. A considerable number of lithium power enterprises are in the stage of listing guidance or application materials. AVIC Lithium, Honeycomb Energy and Fudi batteries have all indicated that they have listing plans. "View details

[SMM Analysis: organosilicon monomer starts rising trend] June 10, Xinjiang Shihezi Development Zone held a "June 8" accident warning education and production safety work promotion meeting. At the meeting, Wu Guohua, director of the Security Commission Office of the Development Zone and deputy director of the Emergency Management Center, gave a briefing on the basic situation of the "6.8" fire accident. 11:49 on June 8th, a fire accident occurred in the 997DMC (octamethylcyclotetrasiloxane) finished product filling area of Hesheng Silicon Industry's 200000 ton sealant project. The cause of the fire was preliminarily judged to be caused by employees' illegal filling DMC operation. At present, the accident investigation team has been stationed in the fire accident unit to carry out accident investigation. "View details

SMM exclusive: polysilicon plans to build a capacity of more than 2 million tons! Is the demand breaking out or the alarm bell sounding? The monthly price of polysilicon densifier was about 210 yuan / kg in June, up 154% since the beginning of the year and 271% higher than the lowest ever price of polysilicon in May 2020. The sharp rise in polysilicon prices is caused by a serious mismatch between supply and demand. SMM estimates that the production capacity of China's qualified polysilicon will be 743000 tons (including electronic grade polysilicon) by the end of 2021 and will increase to 1.218 million tons by the end of 2022. According to the scale of investment that has entered the public eye, the capacity of polysilicon will be close to 2 million tons by 2025. "View details

[SMM industry dynamic tracking: pre-festival stock demand has increased the off-season effect of copper processed materials is becoming more and more obvious] this week is the last week before Ching Ming Festival, how is the stock of copper processing enterprises? The center of gravity of copper price is stable around 71000 yuan / ton, but consumption is still mediocre. Has the seasonal off-season come? The SMM Copper Research and Analysis Group brings you the latest developments in the copper processing industry this week. "check the details.

[SMM data: cumulative import of titanium concentrate increased by 37.42% year on year from January to April] according to customs statistics, the cumulative import of titanium concentrate in China from January to April in 2021 was 1.3939 million tons, an increase of 37.42% over the same period last year, of which the import of titanium concentrate in April was 367200 tons, down 7.27 from the previous month and an increase of 58.68% over the same period last year. "View details

[SMM analysis: rare earth multi-product price downward market confidence is insufficient] since the beginning of this week, the rare earth market trend has remained weak, praseodymium and neodymium oxide has slightly stabilized, terbium and dysprosium prices still maintain a downward trend, the middle end metal factory is more passive, most reactions are rare, and the overall trading volume is very small, on the other hand, the upstream separation plant price sentiment is gradually showing, the price is difficult to see support, expected next week. "View details

[SMM analysis: Guangdong spot rising water high drop or there is still room to fall] the market expects that after the relaxation of power restrictions in Yunnan, with the gradual recovery of smelter production, Guangdong's follow-up supply will continue to increase, the holder basically adjusts the price and shipments, traders face the limited procurement demand for high rising water, downstream consumption weakens seasonally, basically maintain rigid demand procurement, spot rising water pressure falls. "View details

[SMM survey: production reduction in the off-season, holiday weekly operating rate of lead-acid battery continued] according to SMM research, this week (June 7-June 11) the weekly comprehensive operating rate of lead-acid battery enterprises in the five provinces of SMM was 70.82%, which was slightly lower than last week (June 4) by 0.03%. "View details

SMM analysis: is the consumption seasonally weaker when the processing fee for removing aluminum bars to the warehouse is weaker? According to SMM statistics, on June 11, 2021, the national aluminum bar inventory slightly decreased by 1100 tons to 88400 tons, a drop of 1.2%, showing a slight removal of storage, but the aluminum bar processing fees are weak, is consumption seasonally weaker? according to SMM research, the recent downstream receiving interest is not high, the main reason. "check the details.

[SMM caustic soda weekly review: stable operation of caustic soda market in main alumina producing areas] during the week, liquid caustic soda mainly maintained stable operation in main alumina producing areas, while prices fluctuated slightly in Shandong area due to the influence of plant shutdown and resumption of production, while Henan, Shanxi, Shaanxi and other places maintained stable operation. At the end of May and the beginning of June, Shandong Alumina Plant raised the purchase price of liquid alkali twice, totaling 60 yuan / ton, and implemented the ex-factory price of 450 yuan / ton. the mainstream enterprise equipment in the province resumed production within the week, and the liquid alkali was slightly adjusted. "View details

[SMM analysis: power battery production rose 6.7% in May to 63.6%] according to data from the China Automotive Power Battery Industry Innovation Alliance, China's power battery production totaled 13.8 GWH in May 2021, an increase of 6.7% compared with April 12.92GWh and 165.8% over the same period last year. "View details

[SMM analysis: sales of new energy vehicles rebounded in May by 5.4% month on month] according to data from the China Automobile Association, production and sales of new energy vehicles in China reached 217000 in May, respectively, up 0.5% and 5.4% from 216000 and 206000 in April in the first quarter of the second quarter, respectively. There is a certain differentiation in the growth rate of production and sales in terms of trend, and the growth of sales volume is obviously faster. However, production and sales are still rising steadily on the whole. In terms of the same period last year, it maintained the consistent trend of rapid growth recently, rising 151.7% and 159.7% respectively, continuing to set a new record for production and sales in that month. "View details

[SMM Cobalt Lithium spot Weekly report (0607-0611): the cobalt sulfate market inquiry order increases lithium hydroxide worker carbon price difference is obvious] the future forecast: cobalt, driven by the increase in demand for new production lines such as ternary materials in the second half of the year, the cobalt sulfate market inquiry order increase, leading to other cobalt products quotation upward. In terms of future demand, although the terminal is partially affected by the shortage of chips, there is a greater probability of an increase in demand trend, and cobalt prices are expected to stop falling and pick up. "View details

[SMM Analysis: titanium dioxide industry may maintain prosperity in the third quarter] with the successive price increases of domestic and foreign enterprises, the market sentiment of titanium dioxide has been boosted, the upward space of the industry will be further opened, and the situation of the titanium dioxide industry will gradually become clear in the third quarter. "View details

[SMM spot comment: magnetic materials enterprises procurement caution, praseodymium-neodymium metal prices continue to decline] this week, praseodymium-neodymium metal prices continue to fall weakly. To June 11, the price of SMM praseodymium and neodymium metal was 468000 yuan / ton-470000 yuan / ton, down 7000 yuan / ton compared with last Friday. From a fundamental point of view, the situation of both supply and demand is not much different from that of last week, gradually entering the off-season, market demand is light. "View details

[SMM analysis: why is coke price stable this week?] according to SMM research, at the beginning of this week, some steel mills were ready to carry out the second round of coke price increase and reduction, but due to the emergence of production restrictions in Luliang Fenyang in Shanxi Province and environmental protection production restrictions in Shandong Coking Industry, the recent frequent mine safety accidents and increased safety supervision in various coal mines eliminated the previous market bearish expectation on coke and made the steel mills cancel this round of price reduction. "View details

[SMM analysis: the start-up of die-casting zinc alloy in May is still expected to weaken in June] according to the survey of Shanghai Nonferrous net (SMM), the operating rate of die-casting zinc alloy enterprises of the original sample in May was 39.71%, down 5.83% from the previous month, and an increase of 8.46% over the same period last year. In the new sample (note: the number of enterprises surveyed in the new sample is 67, involving a production capacity of 1.6314 million tons), the operating rate in May was 61.53%, down 4% from the previous month. Overall, the start-up rate of die-casting zinc alloy enterprises in the sample in May was lower than that in April, and increased significantly compared with the same period last year. "View details

[SMM survey: zinc downstream start-up slightly improved but enterprise finished product inventory pressure] according to the Shanghai Nonferrous Network (SMM) survey, the start-up of galvanizing enterprises has not changed much this week, and zinc ingots still maintain a rigid demand for replenishing the stock at a low price. Steel prices rebounded again within the week, returning to last week's prices, galvanizing factories basically maintained the start of last week, but terminal enterprises are still bearish, galvanized tube finished product inventory increased. Galvanized structural parts, although at present. "View details

[SMM analysis: aluminum prices rise and fall disturb aluminum foil market operating rate is expected to rise slightly in June] in early May, the upward trend of aluminum prices did not change, once broke through the 20, 000 mark. While speeding up the turnover speed and strengthening the repayment requirements, large aluminum foil enterprises have generally raised processing fees in order to improve the tight situation of funds. On the other hand, small and medium-sized enterprises are worried about the loss of customers. Although they are willing to increase processing fees, few of them have put them into practice. A small number of small and medium-sized enterprises that have raised processing fees are far from large enterprises. "View details

Important news of metals and industry

[Kamoa-Kakoula Copper Mine obtains copper concentrate export license] Kamoa Copper has recently obtained all necessary copper concentrate export licenses and, in accordance with fair competition terms, an underwriting agreement of 50 per cent each was signed with Jinshan Hong Kong and CITIC Metals, a wholly owned subsidiary of Zijin Mining, for the 100% production of the first phase of Kamoa-Kakoula Copper Mine. The underwriting agreement is the evergreen agreement, which covers the copper concentrate directly produced by the mine and the crude copper produced by the commissioned Lualaba Copper smelter (, LCS), a Chinese-funded enterprise). Zijin Mining and Ivanhoe Mining have issued an announcement at the same time on June 9.

[industry insiders: copper enterprise orders are full at least 50000 yuan / ton copper price during the year. Tongling Nonferrous related people told the Financial Associated Press that the market demand in the second half of this year is still relatively large. In the short term, it is still in a state that supply exceeds demand. "We have full orders at present, the supply of overseas copper mines is stable, and copper smelting and processing fees are steadily increasing. According to the current situation, although there is still room for decline in the second half of this year, However, the price of copper can at least be maintained at more than 50000 yuan per ton this year, which is a very profitable price for copper production and processing enterprises. "View details

[Jiangxi Copper shareholders' meeting confirmed the distribution of 300 million yuan in cash] on June 8, Jiangxi Copper Co., Ltd. held its annual general meeting of shareholders in 2020. After deliberation, the meeting confirmed the profit distribution plan of Jiangxi Copper Industry in 2020: the company will distribute a cash dividend of 1 yuan (including tax) for every 10 shares to all shareholders. As of December 31, 2020, the company has a total of 3462729405 shares, based on which it is proposed to distribute 346272940.5 yuan (including tax) in cash to all shareholders.

[Chilean presidential candidate aims at copper mining reform and tax increase] early opinion polls show that Chile's next president plans to coordinate with neighboring countries to raise mining taxes and take a stake in copper mines to preserve more mineral wealth. Daniel Jadu (Daniel Jadue) said in an interview on Wednesday that he is currently in the lead in opinion polls in Chile's November election and that he wants to align mining rules with Peru, Argentina and Bolivia so that they do not compete for investment.

[successful acceptance of electrolytic cell sample cell of Yunnan Hongtai Phase II Project of installation Company] recently, the person in charge of the Yunnan Hongtai Phase II project of Qiye, together with the factory director and director of Party A's electrolysis workshop, carried out on-site acceptance of the electrolytic cell sample cell of the Qiye Hongtai Phase II project. After rechecking the size of the sample slot and checking the quality of the weld, the sample slot was accepted successfully in a burst of joyful sound of firecrackers. In the 440KA electrolytic cell manufacturing and safety project of Yunnan Hongtai Phase II project of Qixi smelter, the part of the cell shell including the bottom plate, the long side and the short side is newly made, and the other parts including AB beam, cradle, end beam and upper groove are old. At present, 45 pieces have been spliced at the bottom of the slot, 15 pieces have been cut, 10 sets have been prefabricated on the long side and 2 sets have been prefabricated on the short side.

Yu Fenqiu, president of China Capital Construction material Leasing and contracting Association: in recent years, the market share of building aluminum formwork has been increasing continuously. According to the statistics of China Capital Construction material Leasing and Contracting Association, by the end of December 2020, the national construction aluminum formwork market has exceeded 62 million tons, and there are more than 800 large-scale building aluminum formwork R & D, production and processing, and leasing contracting enterprises. In 2020, the contract income of production, sales and leasing of building aluminum formwork in China is about 36.4 billion yuan.

In March this year, Liu Jincheng, chairman of Yiwei Lithium Energy, said at the "second International Exchange of New Energy vehicles and Power batteries" that after looking forward to the development of the next 3-5 years or even 10 years, the company found that the future lithium market space will be very huge, beyond many people's imagination. Based on this, Yiwei Lithium Energy will also adjust its development orientation from "striving for progress in stability" to "striving for something in the new energy era".

[Hengdian East Magnetic intends to set up a joint venture company in Vietnam] on the evening of June 10, Hengdian East Magnetic announced that the company signed a "Joint Venture Framework Agreement" and a memorandum with Japan's Fengda Motor Co., Ltd. the company and Fengda Motor jointly funded the establishment of a joint venture company in Vietnam and invested in the production of loudspeaker magnets and shingles.

[nickel] Huayou Cobalt Industry: it plans to issue convertible company bonds to raise no more than 7.6 billion yuan. It is used for the annual production of 50, 000 tons of high-nickel power battery ternary cathode materials, 100000 tons of ternary precursor materials integration project, 50, 000 tons of high-performance power battery ternary cathode materials project and supplementary liquidity.

Ganfeng Lithium Industry: Gan Upon completion of the transaction, Ganfeng International can provide financial assistance of up to US $40 million to LMSA, a wholly owned subsidiary of SPV of the Netherlands, to assist in the development and construction of the Goulamina spodumene project. After the completion of the investment, the company will be granted 50% of the annual production capacity of about 455000 tons of spodumene concentrate in the first phase of the Goulamina project. If the company directly provides financial assistance or assists LMSA in obtaining debt funds provided by third-party banks or other financial institutions, it can obtain the right to underwrite the remaining 50% of the production capacity of the first phase of the project.

[Ganfeng Lithium proposes to raise about HK $4.869 billion to increase the construction of overseas lithium resources projects] Ganfeng Lithium issued an H-share announcement. On June 10 (after the trading session), the company entered into a placing agreement with the placing agent for the placing of 48.0444 million new H-shares. The placing price is HK $101.35 per H share. The total net proceeds from the placing are expected to be about HK $4.855 billion.

It is proposed to spend 7.77 billion yuan! Huayou Cobalt Industry wants to invest in the construction of ternary precursors and ternary cathode materials projects] Huayou Cobalt Industry (603799.SH) issued an announcement on investment in the construction of ternary precursors and ternary cathode materials, disclosing the status of two construction projects. Through the wholly-owned subsidiary Guangxi Bamo Technology Co., Ltd., the company plans to invest in the construction of an integrated project of ternary cathode materials and 100000 tons of ternary precursor materials for high-nickel power batteries with an annual output of 50, 000 tons. The company plans to invest in the construction of an annual production capacity of 50, 000 tons of high-performance power battery ternary cathode materials through its wholly-owned subsidiary Huayou New Energy Technology (Quzhou) Co., Ltd.

[China (Taiyuan) Coal Trading Center Composite Trading Price Index rose 0.37% month-on-month] the latest composite trading price index released by China (Taiyuan) Coal Trading Center on the 14th was 157.78 points, up 0.37% from the previous month. According to the analysis of the China (Taiyuan) Coal Trading Center, the macroeconomic stability is improving, the enthusiasm of downstream users is generally strong, coal mine shipments are smooth, and coal mine prices in some producing areas are raised slightly; in terms of coking coal, the recent production of most coal mines is mainly to ensure safety, individual coal mines limit production and stop production, and the increment of coking coal production is limited, which plays a certain role in supporting prices.

[Zhenhua New Materials Co., Ltd. IPO plans to raise 1.2 billion to expand the production of ternary cathode materials] on June 11, Zhenhua New Materials Co., Ltd. IPO plans to raise 1.2 billion yuan. After deducting the issuing expenses, it will be invested in the lithium-ion battery cathode material production line construction project (Shawen II), lithium-ion power battery ternary material production line construction (Yilong II) and supplementary liquidity.

[Zhonglai shares disclose 2.5 billion fixed increase plan for annual production of 16GW high-efficiency single crystal battery project] the number of shares to be issued to specific objects does not exceed 326888207 shares, and the total amount of funds raised does not exceed 2.5 billion yuan (including capital). After deducting the relevant issuance costs, the fund-raising funds are all planned to be invested in the annual production 16GW high-efficiency single crystal battery intelligent factory project (phase I) (1.75 billion yuan) and supplementary liquidity (750 million yuan).

[Baotou Municipal Bureau of Industry and Information Technology: the prices of rare earth products showed a downward trend compared with half of the previous month.] in May, the prices of 32 kinds of industrial products mainly monitored by Baotou City's Industrial and Information Bureau showed an upward trend. Judging from the month-on-month situation, the average price of 19 kinds of products increased month-on-month, accounting for 59.4% of the total number of monitored products, and the number of price-rising products decreased by 6 kinds compared with April; the average price of 7 kinds of products decreased, accounting for 21.9% of the total number of monitored products; the number of products with falling prices increased by 3 kinds compared with April; the average price of 6 kinds of products remained the same, accounting for 18.8% of the total number of monitored products, and the number of products with the same price increased by 3 kinds compared with April.

[Yuneng Silicon: June 30 stand-alone test run] on June 9, Xing Aimin, party committee secretary and chairman of Yuneng Chemical Industry, went to Yuneng silicon material inspection project construction. Xing Aimin stressed: it is necessary to unswervingly grasp that the 630 project has the goal of stand-alone commissioning and the 9.30 project has the goal of chemical commissioning. Yuneng silicone 400000 tons silicone project has a total investment of 4.27 billion yuan, covering an area of 1600 mu, with two phases of construction of 200000 tons each. The first phase of the project will start construction in December 2019, and the second phase will start as soon as possible on the basis of the first phase of operation. The project products as raw materials, mainly used in the production of silicone rubber, silicone oil, silicone resin and silane coupling agent four categories of silicone materials, driving thousands of end products.

Terminal information

[Leiyi Zhizao: plans to acquire 95% stake in Zhejiang Jintai into the field of new energy vehicles] Leiyi Zhizao announced on the evening of June 14 that Shenzhen, a wholly owned subsidiary of the company, intends to spend 38 million yuan to acquire 95% of Zhejiang Jintai Electronics Co., Ltd. Held by Shanghai Leader. The company's controlling shareholder leads the investment to hold a 100% stake in Shanghai attainments. Zhejiang Jintai is a major international customer and a supplier of structural components for domestic customers in the new energy vehicle industry. After the completion of the transaction, the company will cut into the field of new energy vehicles.

[power battery production rose 6.7% in May to 63.6% Lithium Iron Phosphate batteries rose to 63.6%] according to the China Automotive Power Battery Industry Innovation Alliance, China's power battery production totaled 13.8 GWH in May 2021, up 6.7% from April's 12.92GWh and 165.8% from the same period last year. In terms of market share, ternary batteries and iron lithium batteries still occupy an absolutely dominant position in this month's power battery production, accounting for 99.8% of the total power battery output in that month, but with the gradual release of lithium iron phosphate batteries, the proportion is very different from that in the past, of which lithium iron phosphate battery production rose to 63.6% this month, far exceeding 36.2% of ternary batteries.

[number of charging and recharging facilities in China as of May: 65000 charging stations 644 exchange stations] by May 2021, the cumulative number of charging infrastructure in the country was 1.87 million, an increase of 43.9 percent over the same period last year, and the number of charging stations in various provinces was 65000. The number of exchange stations is 644. From January to May this year, the charging infrastructure increased by 189000 units. On June 11, the China Federation for the Promotion of Electric charging Infrastructure released the operation data of charging piles in May 2021.

[Ministry of Industry and Information Technology: China's electric smart vehicles form a global first-mover advantage] the relevant person in charge of the Ministry of Industry and Information Technology said that the latest data show that China's electric smart vehicles have formed a certain first-mover advantage around the world. The relevant responsible person of the Ministry of Industry and Information Technology pointed out that at present, the global automobile industry has entered a period of great change not seen in a century, and electrification, networking, and intelligence have become the trend and trend of development. the function of automotive products has expanded from simple means of transportation to mobile energy storage units and intelligent digital space, and the proportion of electronics and software in the value chain is increasing day by day. On the whole, China's automobile industry has entered a superposition period of its own transformation and upgrading and global technological change. The latest data show that the development of this industry has achieved positive results.

[Baolixin signed a guaranteed supply agreement for lithium battery products from July to October this year] Baolixin recently signed a "guaranteed supply agreement" with customers on lithium battery products. The agreement stipulates that the company will normally supply a total of about 194000 sets of various types of lithium battery products to the customer from July to October 2021.

[South Korean automobile production increased by 10.9% year-on-year and exports increased by 57.5% year-on-year] according to Yonhap news agency, a data released by South Korea's Ministry of Industry, Trade and Resources on the 13th showed that automobile production and exports increased by 10.9% and 57.5% respectively in May, while domestic sales decreased by 10.1% compared with the same period last year. It is worth noting that new energy vehicles account for as much as 25% of total exports.