MMi Daily Iron Ore Report (September 24)

Recently, Inner Mongolia Shuangli Mining Co., Ltd. (hereinafter referred to as "Shuangli Mining") held the completion and trial production ceremony for the upgrading and capacity expansion project of the mining and beneficiation system at the No. 2 Iron Mine in the Geqi mining area.Once the project reaches full production, it will produce 870,000 mt of iron ore concentrates, 9,580 mt of copper concentrates, 5,432 mt of lead concentrates, and 2,052 mt of zinc concentrates annually, injecting new momentum into Shuangli Mining's green and high-quality development.

[Molybdenum-Iron Tender Information] SMM, March 24: It is reported that on March 23, a special steel group in east China announced the tender price for a new round of ferromolybdenum procurement, with the tax-inclusive plant-delivered acceptance-settled price at 277,500 yuan/mt, down 2,000 yuan/mt from the tender price on March 18. The public tender purchase volume was 120 mt (bid volume), while the actual total purchase volume remained to be determined.

[SMM Daily Hot-Rolled Coil Trading] On March 18, the total daily trading volume of hot-rolled coil among SMM sample enterprises in four cities (Shanghai, Lecong, Tianjin, and Ningbo) was 14,430 mt, down 640 mt day on day, or 4.2%, with up 14.43% YoY on a calendar basis and down 26.56% YoY on a lunar calendar basis.