[SMM Metal Morning ginseng] the US dollar continues to soar and the metal plummets across the board * aluminum bar processing fees are steadily strengthening * magnesium prices maintain a rapid upward trend.

"[overnight market] the US dollar strongly broke through 92 customs, copper fell to a two-month low, the metal inside and outside plummeted across the board.

"[macro outlook] focus on Germany's May PPI and euro zone's quarterly adjusted current account in April.

The outer metal market tumbled across the board yesterday, with Lun copper down 4.56%, Len aluminum down 4.41%, Len lead down 3.12%, Lunxi down 3.12%, Runnick down 2.05%, Lunxi down 3.09%, Len copper fell to a two-month low on Thursday, after the Federal Reserve Board (Federal Reserve / FED) expected to raise interest rates ahead of schedule, pushing the dollar higher and weakening demand for metals. The domestic metal market is also green across the board, with international copper down 2.81%, Shanghai copper down 2.59%, Shanghai aluminum down 1.47%, Shanghai lead down 1.37%, Shanghai zinc down 3.49%, Shanghai nickel down 0.84%, and Shanghai tin down 1.73%.

The dollar rose 0.56 per cent to 91.91, after earlier rising 0.66 per cent to its highest level since April 13, although the yield on the 10-year Treasury note fell 8.3 basis points to 1.49 per cent. The yield on the 30-year Treasury note fell 16 basis points to 2.05 per cent at one point, the lowest since February.

Due to the bitmap released by the Federal Reserve interest rate meeting, the new market expectations of the Federal Reserve to raise interest rates in advance, and on the same day that the Federal Reserve released its eagle, the Central Bank of Brazil announced that it would raise interest rates by 75 basis points to 4.25% to deal with high inflation. The bank also opened the door to further interest rate increases in the future. When the global monetary policy will turn into the focus of market attention.

U. S. stocks closed mixed on Thursday, with the Dow falling for a second day in a row and the Nasdaq nearing its all-time high. The Fed raised its growth and inflation expectations yesterday and hinted that it would raise interest rates twice by the end of 2023. First-time claims for unemployment benefits in the US rose to 412000 last week, higher than market expectations. The Dow fell 210.22 points, or 0.62%, to 33823.45; the Nasdaq rose 121.67 points, or 0.87%, to 14161.35; and the S & P 500 fell 1.84 points, or 0.04%, to 4221.86.

LME inventory

[the National Development and Reform Commission: the national reserves of copper, aluminum and zinc will be released in due course in the future.] the National Development and Reform Commission said that the national reserves of copper, aluminum and zinc will be released soon, and this release will be open to enterprises in the middle and lower reaches. For some time in the future, we will, together with relevant market departments, timely carry out multi-batch release according to market changes, increase market supply in time, and promote prices to return to normal range. The next step is to closely monitor the changes in the market and prices, promote the dynamic balance between supply and demand, strengthen the supervision of the spot market, maintain normal market order, and strive to do a good job in the organization and implementation of price regulation and control policies for people's livelihood commodities. maintain the market supply of important commodities for people's livelihood, and maintain the basic stability of market prices. "View details

Macro focus

[the National Development and Reform Commission: firmly curbing the blind development of the "two high" projects is the top priority of grasping the carbon peak and carbon neutralization work. Zhao Penggao, deputy director of the Environmental Resources Department of the National Development and Reform Commission, presided over a forum on carbon neutralization work in some areas in Beijing. put forward clear requirements for the next step of work in the relevant areas. The meeting demanded that at present, all regions should resolutely curb the blind development of the "two high" projects as the top priority of carbon peak and carbon neutralization work. We will conduct a comprehensive investigation of the "two high" projects under construction in the region, scientifically and steadily promote the proposed "two high" projects, and further promote the energy-saving transformation of the stock "two high" projects. It is necessary to strictly implement the examination and approval of energy conservation and environmental impact assessment, and resolutely take down the "two high" projects that do not meet the requirements of the national industrial plan, industrial policy, "three lines and one order", capacity replacement, energy efficiency standards, coal consumption reduction substitution, and regional reduction of pollutant emissions. All regions should vigorously promote double control of energy consumption to ensure that the national energy intensity reduction target of about 3% this year is achieved.

Financial blog Zero hedging comments on initial jobless claims in the US in the week to June 12th: the data unexpectedly rose from 375000 to 412000, but the likely good news is that the total number of Americans receiving jobless benefits fell below 15 million. In addition, we note that the number of Americans receiving some form of novel coronavirus unemployment assistance remains relatively stable (the same as last year), while jobs are exploding.

[the Baltic dry bulk freight index rose to an 11-year high on Thursday as strong demand pushed up ship rates] ship rates of all types rose due to strong demand for dry bulk commodities. The Baltic dry bulk freight index rose 91 points, or 2.9%, to 3,267 on Thursday, the highest level since June 2010. The Panamanian shipping index rose 39 points, or 1.1%, to 3558, its highest level since June 2010, with an average daily profit of $351 to $32022. The capesize index rose 202% or 5% to 4212, adding to an one-month high and an average daily profit of $1672 to $34930.

[Barclays Bank: the Federal Reserve is expected to announce a reduction in bond purchases in September and begin to scale back in November.] economists at Barclays Bank said the Fed unexpectedly advanced the time of raising interest rates on Wednesday. Its reduced focus on the risk of the epidemic and its failure to mention a slowdown in job growth are hawkish positions. This tough stance makes it possible for the Fed to formally announce a reduction in bond purchases in its interest rate resolution in September and slow its monthly purchases of $120 billion from November.

Today's focus

[SMM analysis: Guangdong electrolytic copper inventory is expected to continue to go to the warehouse in late June] Dragon Boat Festival has passed, the weather is hot, and as hot as the weather, there is Guangdong electrolytic copper inventory. As of June 17, the social inventory of electrolytic copper in Guangdong is still as high as 97000 tons, which is much higher than the historical normal level (about 30, 000 tons) of about 68000 tons. "View details

[June 17 recycled copper daily review: recycled copper import profit and loss is expected to increase supplementary liquidity] Guangdong bright copper 63200-63500 yuan / ton, the same as the previous trading day, the price difference of fine waste was 746 yuan / ton, narrowed by 105 yuan. The center of gravity of copper prices moved slightly lower in early trading than yesterday, while prices such as bright copper fell slightly or flat. After the copper price continues to fall, the holders lose money on some stocks, there is still a certain sense of reluctance to sell, and there is not much supply in the market. "View details

[SMM aluminum rod processing fee daily review: dumping aluminum prices continue to fall aluminum rod trading atmosphere] SMM June 17: today, aluminum rod processing fees rose slightly, Shandong mainstream manufacturers Pu aluminum rod processing fees out-of-factory prices of 400-500 yuan / ton, the average price recorded 450 yuan / ton. The processing fee of 1A60 aluminum rod in Henan area is 380,500yuan / ton. "View details

[SMM data: weekly inventory of domestic electrolytic aluminum decreased by 29000 tons to 890000 tons] on June 17, SMM counted domestic electrolytic aluminum social inventory of 890000 tons, a weekly reduction of 29000 tons, Nanhai, Shanghai, Wuxi, Gongyi and other major consumer inventory performance smoothly. "View details

[aluminum bar spot daily review: aluminum bar processing fees are stable and strong, but the actual transaction is still general] Today, the processing fees in the mainstream market of aluminum bars are stable and strong with the decline of aluminum base prices, in which the center of gravity of processing fees in Foshan in South China and Wuxi in East China is stable, but there is no lack of traders to increase their processing fees by 10-30 yuan / ton, and the center of gravity of processing fees in Nanchang is increased by 20 yuan / ton today. Today, the overall interest in receiving goods downstream is still not high, the wait-and-see mood is serious, and the overall transaction in the market is general. "View details

[national aluminum bar inventory weekly review: aluminum bar weekly slightly increased inventory but accumulated increased by 12400 tons to 100700 tons] the output ring of the aluminum bar market increased slightly by 700 tons to 45000 tons last week, an increase of 1.6%. The overall market trading atmosphere is general recently, and the buying interest in the lower reaches of aluminum price fluctuations is not high. At the same time, the current aluminum bar inventory increased by 12400 tons to 100700 tons, an increase of 14%, and the inventory level is slightly higher. "View details

[ADC12 Price Daily Review: aluminum prices fell, recycled aluminum prices fell poorly] Macro-bad news superimposed dumping news official announced that non-ferrous metals showed a general decline today, SMM A00 aluminum prices fell 190 yuan / ton to 18650 yuan / ton today, recycled aluminum prices also fell slightly. In terms of domestic prices, the quotations of large domestic recycled aluminum enterprises have been reduced by 50 yuan / ton to 18350-18650 / ton; for small and medium-sized factories, the quotation has been reduced by 100 yuan / ton to 17900-18100 yuan / ton. "View details

[SMM analysis: the truth that metal silicon stopped production in Xinjiang and increased production in Yunnan] Market rumors that the metal silicon factory in Xinjiang was affected by the 6.8 silicone fire accident, and the relevant departments inspected the safety of the metal silicon plant or caused a metal silicon factory to stop production. As soon as the news came out, two silicon factories did not report, and many silicon factories producing low-grade silicon raised their prices, especially the ex-factory quotation of oxygen-free 55 silicon was generally raised from 12500 yuan / ton to 12800 yuan / ton. "View details

[SMM aluminum downstream weekly survey: aluminum price fluctuations reduce downstream wait-and-see mood weakens leading processing enterprises start-up is still stable] the operating rate of leading aluminum processing enterprises in the lower reaches of aluminum this week was slightly lower than last week, mainly due to the decline in primary alloys, mainly due to the weakening of automobile consumption. Most of the other sections are the weakening of new orders during the off-season of traditional consumption from June to July, which has a limited impact on current construction. "View details

[SMM analysis: the north-south price difference of chemical grade silicon continues upside down] Huangpu Port and Tianjin Port are the main export ports of metal silicon in the south and north, respectively. Under normal circumstances, the prices of metal silicon in the two major ports tend to be the same. Because the Xinjiang silicon factory is far away from the port, the ex-factory price of Xinjiang metal silicon is usually 200-300 yuan / ton lower than the southwest factory price. However, due to the following reasons, the ex-factory prices of some specifications in Xinjiang are upside down with those of silicon factories in Southwest China and other mainland China. "View details

[SMM attention: Linyi Steel Investment first Nickel Iron production Line is expected to be put into production in July] Linyi Steel Investment New material Phase I Nickel Iron production Project consists of four RKEF production lines, of which the first nickel iron production line was officially put into production on June 16, and the second production line is expected to be put into production in July. After normal production, the monthly output of each nickel production line is expected to reach 550Nickel tons. "View details

[SMM analysis: Shanghai Nickel after the festival three consecutive falls in fundamental support may have the opportunity to rebound! At present, the overall macro atmosphere is still dampening commodities, with the dollar index surging to 91, its highest level in nearly two months. The hawkish view caused the enthusiasm of the bulls to fade after the overnight closing of the Fed's decision to discuss interest rates, but as the market sentiment receded, the price of nickel will rebound after a bottom supported by fundamentals. This week, Lunni is expected to be 17100-18500 US dollars / ton, Shanghai Nickel 127000-136000 yuan / ton. "View details

[spot information of SMM stainless steel: spot price of stainless steel 304 slightly adjusts the hot and cold price difference to 700yuan / ton] at present, the steel mills currently arrive normally, but the replenishment is limited, most of them are pre-delivery orders cold rolling is still a tight supply, prices are firm, after today's hot rolling price reduction, the hot and cold price difference in the market has now expanded to 700yuan / ton. "View details

[SMM Electrolytic Manganese Daily Review: manganese factory spot supply is insufficient and manganese prices continue to rise slightly] the spot factory price including tax in the mainstream area of the manganese triangle is around 16600-16700 yuan / ton, up 100% from yesterday's average price; the spot factory price including tax in Guangxi is around 16600-16800 yuan / ton, up 50% from yesterday's market price. "View details

[Foshan stainless steel daily review: futures nickel price weakness obvious steel market spot callback operation limited] with the obvious decline in nickel futures prices, but this morning agents and traders in South China spot quotations overall cautious, some specifications are still out of stock to support the market price is strong, but there is also some private cold rolling market price homeopathy slightly callback 50-150150 SMM that the short-term rigid demand release of 300 private market prices or will be stable and weak finishing. "View details

[polysilicon Weekly Review-the price increase in short supply has obviously narrowed] this week, the domestic single crystal re-feeding price range is 20.8-221000 yuan / ton, and the average transaction price is 217200 yuan / ton, with a month-on-week increase of 0.18%. The price range of single crystal compact material is 20.5-219000 yuan / ton, the average transaction price is 213400 yuan / ton, and the weekly increase is 0.14%. "View details

[SMM Daily Review: the compact price of non-oxygenated 55T silicon sheet has risen slightly] Today, the factory price of non-oxygenated 55T silicon in Sichuan is 12600-12800 yuan / ton. According to previous years, after entering the flood season in the southwest, the supply of silicon metal increased, and the price of silicon entered a downward period. Since Sichuan entered the flood season on May 25, the supply of oxygen-free silicon has increased significantly, and its ex-factory price in Sichuan has also dropped from 12900 yuan / ton to 12300 yuan / ton. "View details

[SMM thread inventory: with the advent of the stock cycle, the bank increases by + 3.0%] Thread prices rose slowly, fell sharply and fluctuated downwards this week. As of today, the national average thread price is 4990 yuan / ton, down 53 yuan / ton from last week. After the Dragon Boat Festival, the off-season market performance is gradually obvious, the thread table needs to expand the decline, the month-on-month decline of-7.05% increased by 3.15 percentage points compared with last week. Daily turnover is still within expectations, social inventory officially ushered in the inflection point of accumulation. "View details

[SMM magnesium ingot spot KuaiBao: magnesium prices maintain a rapid rising trend] Today, the mainstream ex-factory price of 90 magnesium ingots in Fugu area is 19500 yuan / ton-19600 yuan / ton, and the mainstream ex-factory price of 95B magnesium ingots is 19800 yuan / ton-20000 yuan / ton. Today, the factory price of magnesium ingots in the main producing areas is 400 yuan / ton higher than that of yesterday. Please see the detailed quotation and reasons for the increase as follows. "View details

[SMM Coke spot Daily Review] on the supply side, most coke enterprises produce at full capacity and ship well. At present, most coke stocks of coke enterprises are at a low level or have no inventory. On the demand side, the procurement rhythm of steel mills is normal, and most of them purchase coke on demand. In terms of coking coal, the spot market of coking coal is running steadily and well. Recently, due to the background of the 100th anniversary of the founding of the Party, coal mines in some parts of Shanxi Province have stopped production and production restrictions have increased, and environmental protection and safety in various areas have become more stringent. The operating rate of some coal mines has dropped significantly, involving a production shutdown capacity of more than 12 million tons, and the time for resuming production has not been notified yet. "View details

Important news of metals and industry

[thanks to the Cukaru Peki mine Serbia becomes the second largest copper producer in Europe] the wholly owned subsidiary of Zijin Mining, Serbian Zijin, has obtained permission from the Serbian government to carry out mining activities in Cukaru Peki copper and gold mines, part of the Timok project in the eastern part of the country. According to reports, the country's mining ministry said that once the mine starts operation, Serbia will become the second largest copper producer in Europe.

[Sierra Metals obtains a key license for Peruvian copper expansion] Sierra Metals said on Wednesday that it had obtained a key license, which would enable it to increase production at its flagship Yauricocha copper mine in Peru by 20 per cent to 3600 tonnes a day.

[Chen Jinghe, chairman of Zijin Mining, investigated Duobaoshan Copper Industry] on June 11, Chairman Chen Jinghe of Zijin Mining went to inspect and investigate the copper industry in Duobaoshan, Heilongjiang Province, and thoroughly inspected the production sites and held a forum for management cadres. Duobaoshan Copper Group is required to make a long-term plan, set greater goals, formulate a new development blueprint, and drive the surrounding areas to achieve greater development. Strive to become the benchmark and model of enterprises in the whole province and even the whole country.

According to recent reports, manganese, copper and cobalt explorer Black Canyon reported that a field assessment of its Flanagan Bore manganese exploration area in Pilbara, Western Australia, confirmed extensive surface mineralization and highlighted significant scope for the development of known mineralization in several areas.

[East Manganese plans to start production peak manganese ore output of 30,000 tons per month in July] it is reported recently that, East Manganese will produce the first batch of ore in July, and the dry crushing screening plant is currently under commissioning. East Manganese, located near Hotazel in North Cape Town, is the first manganese asset of Menard, a mining investment group, and is operated by its subsidiary Sitatunga Resources.

[Element 25 first manganese concentrates have shipped a total of about 27000 tons] it has been reported recently that Element 25 has delivered its first manganese concentrates from its new Butcherbird opencast mining and concentrator located about 130km south of Newman in the Pilbara region of southern Western Australia. The company said the Pilbara-based AK Evans Group last week began shipping ore ores from Butcherbird to the Utah site in Port Hedland in preparation for loading and export.

[Luo Ping Zinc Power: the company or its subordinate companies are not the downstream processing enterprises deposited by the State Reserve Bureau] Luo Ping Zinc Power said on the interactive platform that the company or its subordinate companies are not the downstream processing enterprises dumped and stored by the State Reserve Bureau this time.

[Metal Hawk promotes nickel exploration for several projects in Western Australia] it is reported recently that, Metal Hawk (MHK) has completed the initial hollow (AC) drilling for the Blair North and Clinker Hill projects in Western Australia. The company drilled a total of 34 holes of more than 1319 meters at the project about 30 kilometers east of Calguri.

[Oropesa tin project renewal exploration activities have penetrated deep into the shallow tin mineralization area] it is reported recently that, Elementos Limited has further penetrated into the shallow tin mineralization area in a drilling activity aimed at boosting confidence in the mineral resources of Spain's flagship Oropesa tin project. Elementos CEO Joe David said the new test results meet the company's two planned goals for the project. He said the data confirmed the existence of relatively shallow mineralization in the middle of the resources and increased the confidence of deeper mineralization previously simulated. These positive results continue to excite the project team and enhance their understanding of geology, the project and its development strategy.

[Ministry of Commerce responds to Japan's proper handling of stainless steel anti-dumping in accordance with WTO dispute settlement procedures] spokesman Gao Gao said that China has received a consultation request from Japan. The case of anti-dumping measures against stainless steel imports originating from Japan is an investigation initiated by the Ministry of Commerce of China according to law after receiving applications from domestic industries. In the course of the investigation, the investigation organs protect the rights of all parties, give all parties full opportunities to participate in the investigation, and take corresponding trade relief measures according to the conclusions of the investigation. The Chinese side regrets Japan's request for consultation and will properly handle it in accordance with the WTO dispute settlement procedures.

[development and Reform Commission: encourage iron and steel enterprises to speed up the implementation of green and intelligent transformation to improve the development quality and level of the iron and steel industry] the National Development and Reform Commission said that iron and steel enterprises are encouraged to speed up the implementation of green and intelligent transformation so as to improve the development quality and level of the iron and steel industry. Promote the development of electric furnace steel process and improve the overall level of energy saving and environmental protection of the industry. Encourage the construction and expansion of domestic iron ore projects and enhance the capacity of effective supply. Guide iron and steel enterprises to further strengthen upstream and downstream industrial chain cooperation and create a good market environment.

[development and Reform Commission: it is expected that the domestic demand for crude steel will increase for some time in the future.] the National Development and Reform Commission said that it is expected that for a period of time in the future, especially before the end of the 14th five-year Plan, the domestic demand for crude steel will have some room to rise, and will strictly enforce the ban on new production capacity, promote the green and low-carbon development of the iron and steel industry, promote the merger and reorganization of the iron and steel industry, adhere to the main body of enterprises, and be guided by the government. The principle of market-oriented operation encourages the iron and steel industry to optimize the layout and improve the development quality and level of the iron and steel industry.

[the demand continues to grow and the production capacity is limited. The price of silicone has risen sharply] on June 16, the price of various varieties of silicone in the domestic silicone industry chain rose. Among them, high hydrogen content silicone oil, silicone DMC, silicone D4 and dimethyl silicone oil were quoted at 18000 yuan, 30500 yuan, 31000 yuan and 32000 yuan per ton, up 12.5%, 8.93%, 6.9% and 6.67% respectively over the 15th.

[lithium iron phosphate battery output exceeds ternary battery] news on June 17, May, China's power battery production maintained a high growth rate, lithium iron phosphate battery output reached a new high, and exceeded ternary battery for the first time. However, in terms of loading capacity, ternary battery is still higher than lithium iron phosphate battery. Industry insiders said that lithium iron phosphate batteries and ternary batteries correspond to different market positioning. The ternary battery has higher energy density and longer mileage, but its safety and cycle life are relatively inferior. Lithium iron phosphate battery has lower cost, higher safety and anti-recession ability, but lower energy density and shorter mileage. The two technological routes will develop together and complement each other.

[Lithium Americans will launch the Thacker Pass project with an annual capacity of 30,000 tons of lithium in early 2022] on June 15, Jonathan Evans, CEO and president of primary mining company American Lithium, said that the company is expected to start construction of the Thacker Pass project in the United States in early 2022. It is reported that 100% of the, Thacker Pass project is owned by the American Lithium Industry Company. In normal operation, the planned production capacity of the project is about 30, 000 tons of lithium per year.

[during the 13th five-year Plan period, Liaoning withdrew 6.02 million tons of crude steel production capacity.] on June 16, at a series of press conferences on the theme of celebrating the 100th anniversary of the founding of the Communist Party of China (the fifth) held by the Liaoning Provincial CPC Committee, Hu Tao, secretary of the party group and director of the Liaoning Provincial Department of Ecological Environment, announced that during the 13th five-year Plan period, Liaoning had a crude steel production capacity of 6.02 million tons and coal production capacity of 38.57 million tons. Eliminate 1.89 million tons of ironmaking capacity, 4.755 million tons of cement capacity and 16000 tons of paper production capacity.

[northern rare earths invest 94.53 million yuan to build a northern rare earth national rare earth new materials innovation base project] on June 15, Northern rare earths issued an announcement. China Northern rare Earth (Group) High-tech Co., Ltd. plans to invest 94.53 million yuan with its own funds to build the "Northern rare Earth National rare Earth New Materials Innovation Base Project".

Vale will resume Timbopeba iron ore operations within two months due to the use of self-driving trains] it is reported that Vale said in a recent statement that due to the use of self-driving trains, the company will be able to resume the operation of its Timbopeba iron ore dry processing plant within two months. The Timbopeba mine has restored at least 80 per cent of its iron ore production capacity of 33000 tonnes per day due to the commissioning of unmanned trains, the statement said.

Terminal information

[European Automobile suppliers Association: semiconductor shortages cause delays in global production of 500000 vehicles] the European Automobile suppliers Association said that semiconductor shortages have delayed the production of 500000 vehicles around the world and could continue to drag on automakers until 2022. Thorsten Muschal, president of the association, said the second quarter of 2021 was very challenging, with mass production disruptions, delays and occasional shutdowns still in place, and some EU carmakers would have to cut production and may not be able to rebuild their inventories by the end of this year or early 2022.

[divine materials: plans to put into construction projects with an annual output of 152000 tons of lithium electricity new materials] on June 17, Tianshi Materials announced that it intends to set up a joint venture subsidiary to invest in the construction of the "Iron Phosphate Project with an annual output of 300000 tons (Phase I)", with a total investment of 500 million yuan. Sun company Chizhou Tianzhi plans to invest in the construction of a new lithium electricity material project with an annual output of 152000 tons, with a total investment of 1.05 billion yuan; the subsidiary company plans to invest in a project with an annual production capacity of 62000 tons of electrolyte basic materials, with a total investment of 510 million yuan.

[SMIC: 45% of customer revenue in Europe and the United States in the first quarter is currently in short supply.] on June 17, SMIC said on the investor interactive platform that nearly 45% of its revenue came from customers in Europe and the United States in the first quarter of this year. At present, the company's production capacity exceeds supply. SMIC also pointed out that at present, the global integrated circuit manufacturing industry is in short supply, and the company's capacity utilization rate has reached 98.5%.

[Ningde Times subsidiary Sichuan Times Power Battery Phase I project was officially put into operation] on June 17, Sichuan Times New Energy Technology Co., Ltd., a wholly owned subsidiary of Ningde Times, was officially put into operation. Since September 2019, Ningde Times and Yibin City have successively signed Sichuan Times Power Battery Phase 1 to Phase 6 projects, with a total investment of more than 30 billion yuan and covering an area of about 3000 mu.

[Changyuan Group announced the progress of the lithium battery diaphragm business and the stock price rose] on the evening of June 15, Changyuan Group issued a "trading progress announcement on increasing investment in Hunan Zhongli and using Hunan Zhongli equity to increase Sinopec's lithium film." based on the market's bullish view of the new energy automobile industry, Changyuan Group shares rose by the daily limit on June 16 in the morning trading.

[26 billion! Jiaze Xinneng plans to build a new energy demonstration base in Jixi. On June 16, Jiaze Xinneng signed the New Energy Industry Cooperation Framework Agreement with the people's Government of Jixi City and Tianjin CRRC Wind Energy. The construction of new energy demonstration base and new energy equipment manufacturing industrial park involves a total investment of 26 billion yuan.