SMM Cobalt Lithium Morning meeting minutes: according to the data of China Automotive Power Battery Industry Innovation Alliance, October 2021 power battery production, installed capacity respectively reached 25.1GWh and 15.4GWh.In terms of cobalt intermediates, based on the fact that the shortage of global cobalt inventory will be alleviated in 2022 and the acceptance is lower downstream of high prices, the signing of the long Association of Cobalt Intermediates is still not ideal. In terms of electrolytic cobalt, overseas aviation and other superalloy demand is expected to pick up, and the number of orders for cobalt beans by new energy vehicle enterprises and battery materials enterprises has increased, and the price of electrolytic cobalt has gone up; in terms of lithium carbonate, the quotations of mainstream manufacturers have risen slightly, battery-grade lithium carbonate prices range from 19.5 yuan to 210000 yuan per ton, and industrial grade lithium carbonate prices range from 18.5 yuan to 195000 yuan per ton. In terms of ternary materials, the price of precursors is basically stable, and the cost of ternary materials increases slightly with the price of lithium salt.
October Ternary installed capacity increased 15% month-on-month, Lithium Carbonate Price rose slightly [minutes of SMM Cobalt Lithium Morning meeting]
"Click to view the price of SMM cobalt lithium products
Macro aspect:
On the dollar side: the Labor Department said the consumer price index ((CPI)) rose 0.9 per cent in October, up 6.2 per cent from a year earlier, and economists had expected CPI to rise 5.8 per cent from a year earlier. The dollar index rose 0.96 per cent to 94.8580 after hitting a more than 15-month high of 94.876. While the Fed last week reiterated its view that the current surge in inflation would be short-lived, many investors said that longer-than-expected inflation could force the Fed to raise interest rates. The dollar index rose sharply on Wednesday to its highest level since July 2020 as US consumer prices rose the most since 1990, sparking speculation that the FED/ Federal Reserve might raise interest rates ahead of schedule.
Crude oil: crude oil futures closed lower on Wednesday. Crude oil futures fell for the first time in four trading days as US crude inventories rose last week and higher-than-expected inflation data boosted US bond yields and the dollar.
Today's macro focus is on the monthly rate of GDP in the UK in September and the monthly rate of industrial output in the UK in September. This Thursday (November 11) is Veterans Day in the United States, and the American Stock Exchange will continue to trade. The bond market, the Federal Reserve Bank and many banking institutions in the United States will be closed.
"go to the SMM database to see more macroeconomic indicators
"[macro outlook] focus on the monthly GDP rate in the UK in September and the monthly rate of industrial output in the UK in September
Metal market: internal and external metals are mixed, while on the outer disk, Lun copper prices fell slightly on Wednesday, closing down 0.92%, as high inflation data in China and the United States heightened concerns about slowing economic growth and the central bank's tightening policy. Copper prices have risen 22 per cent so far this year after rising 26 per cent in 2020, but the rally has lost momentum since hitting a record high of $10747.50 a tonne in May, but signs of tight supply have limited the downward space for copper futures.
Domestically, Shanghai Nickel rose 1.52%, followed by Shanghai Tin up 1.02%. Shanghai Copper, Shanghai Aluminum and Shanghai lead fell one after another. Shanghai Aluminum has retreated continuously since reaching its previous high point. In less than a month, Shanghai Aluminum has pulled back 24% from its previous high point. Black rebounded at night, with hot rolls up 3.38%, iron ore at 1.77%, and threads up 1.34%.
[overnight market] Metals rise and fall each other. Us CPI hit a 31-year high.
"Click to view the price of SMM copper products.
"Click to view the price of SMM aluminum products
"Click to view the price of SMM lead products
"Click to view the price of SMM zinc products
"Click to view the price of SMM tin products
"Click to view the price of SMM nickel products
"Click to view the price of SMM steel products
U. S. stocks closed lower on Wednesday, with technology stocks leading the way. The Dow closed down 240 points and the Nasdaq fell about 1.7%. The US consumer price index rose to its highest level in 31 years in October, much higher than expected, suggesting that high inflation in the US is likely to persist for a longer period of time, adding to the pressure on the Fed to accelerate monetary tightening. Treasury yields soared, spurred by inflation data. The Dow fell 240.04 points, or 0.66%, to 36079.94; the Nasdaq fell 263.84 points, or 1.66%, to 15622.71; and the S & P 500 fell 38.54 points, or 0.82%, to 4646.71.
[SMM analysis: strong export orders for home appliances support the copper tube industry entering the peak season] according to SMM survey data, the operating rate of copper pipe enterprises in October was 75.95%, up 1.04% from the previous month, down 0.40% from the same period last year. The copper tube operating rate in October was better than expected, mainly because the production of a certain head enterprise and other production bases except Zhejiang recovered faster than expected from the impact of power cuts. "View details
With the development of new energy and electronic information industry, copper strip and copper foil, as their important upstream copper processing materials, have long been regarded as the "blue ocean" by all kinds of capital, and the demand for copper foil and strip in related industries is also increasing day by day, as two areas with high barriers in the copper processing industry, [SMM announcement: SMM will split copper strip and foil for better auxiliary industries] with the development of new energy and electronic information industry, copper strip and copper foil have long been regarded as "blue ocean" by all kinds of capital. Copper strip and copper foil are gradually developing in the direction of high precision, high density and high reliability, and the market competition is becoming more and more fierce. in the process of continuous expansion, product demand does not match the production capacity of upstream copper foil suppliers. Under the mismatch of supply and demand, the market pays more and more attention to the development of upstream industry. "View details
[SMM analysis: copper foil operating rate will rebound weakly in November under power limitation interference] SMM will further improve the copper industry chain in order to promote the innovation and development of China's copper foil industry and help customers of new energy-related industries to further understand the copper foil industry market and better service industry. starting from November 2022, the monthly operating rate of new copper foil enterprises, with a total sample number of 22, covers the first, second and third echelon manufacturers in China. The total production capacity is 575000 tons and the sample coverage is about 85%. "View details
[SMM analysis: the operating rate of refined copper rods continued to decline in October under the interference of high copper prices and power cuts] according to SMM survey data, the operating rate of refined copper rod enterprises in October was 66.57%, down 5.26% from the previous month, and 4.72% lower than the same period last year. Among them, the operating rate of large enterprises is 66.92%, that of medium-sized enterprises is 58.55%, and that of small enterprises is 66.57%. "View details
[SMM analysis: domestic aluminum cable operating rate rebounded slightly in October] the comprehensive operating rate of the domestic aluminum cable industry in October was 39.74%, with a ring growth of 1.86%. In November, domestic aluminum prices retreated sharply and the spot returned to around 19000 yuan / ton. The cost pressure of cable enterprises has been alleviated a lot, and the backlog of orders for small and medium-sized enterprises can get the opportunity to schedule production. "check the details.
[SMM Analysis: following the trend of High Nickel overseas, Dangsheng Technology announced on November 8 that it signed a letter of intent with Finnish Minerals Group and its wholly-owned subsidiary Finnish Battery Chemicals Oy to jointly fund the establishment of a joint venture in Finland, in which Dangsheng Technology plans to hold 70% of the joint venture company and FMG plans to hold 30% of the joint venture through FBC. The joint venture company will be responsible for the construction and operation of the first phase of the high-nickel power lithium cathode material base project with an annual output of 100000 tons, of which the first phase of the first phase is expected to be completed and put into production in 2024. The total investment in the first phase of the first phase is about 500 million euros. "View details
[SMM research: South China stainless steel factory stops production again spot market sentiment surges] in the morning, the news that South China steel mills resumed production again came out, driven by emotion, SS2112 contracts opened higher, probing into the first line of 18300 yuan / ton, but then fell back to 18000 yuan / ton shock. And the spot market, some merchants reflect. "check the details.
[SMM comment: there are different opinions on the shutdown market of a steel factory in South China] A steel factory in South China stopped production again after resuming production in November last time. Before that, the trend of stainless steel was weak, and there were more goods in Foshan market. After the price control belt of coking coal and coke fell, it slowly fell back for half a month, from 21000 yuan / ton to the current base price of 18500 yuan / ton, and the market has been in rigid demand for procurement. There are too many bears. "check the details.
[SMM blast furnace operating rate: Tangshan environmental protection production limit lifted, blast furnace operating rate rebounded this week] SMM, November 10, 2001: according to SMM research, the blast furnace operating rate counted by SMM on November 10 was 78.5%, rising 1.39% month-on-week and 0.8% month-on-month. This week, the production limit of environmental protection in North China has been lifted in stages, and local steel enterprises have actively resumed production, while individual steel enterprises have been overhauled and resumed production, leading to a pick-up in the operating rate of the blast furnace. "View details
[SMM Hangzhou thread weekly inventory: the spot price of Hangzhou thread fell sharply again this week. The mainstream transaction price of Shagang fell by more than 300 yuan / ton per week, the majority of merchants sold goods, and the social treasury dropped significantly. [Hangzhou thread weekly inventory: the spot price of Hangzhou thread fell sharply again this week, and the mainstream transaction price of Shagang fell more than 300 yuan / ton per week. As of November 9, the social inventory of building materials in Hangzhou was 424000 tons, down 71000 tons from last week, or 14.3 percent from the previous week. A decrease of 112000 tons over the same period last year, a year-on-year decrease of-20.90%. "View details
[SMM analysis: the cost advantage of multi-layout of phosphate rock resources in the future of lithium iron phosphate enterprises in 2021 is obvious.] since the beginning of this year, more and more lithium iron phosphate enterprises have bound upstream phosphate resources through joint ventures, shareholding and other ways. The cost of phosphoric acid accounts for a relatively large proportion of iron phosphate, and the cost of enterprises with iron sources with phosphorus sources is basically 20% lower than that of enterprises without raw materials. For example, Anada, the parent company of Tongling Nayuan, has its own iron source and binds to phosphorus sources, and Tongling Nayuan has little difference in price with other enterprises. The profit space is larger. Only the phosphorus source advantage enterprise cost reduction is also relatively high, the long-term cost advantage is obvious. The cost of enterprises without raw materials is higher, the current profit space is narrowed, and the competitiveness is low. "View details
[brief Analysis of SMM Antimony oxide Import and Export] according to customs data, China imported 44.4 tons of antimony oxide in July 2021, down 27.5% from the previous month. China's exports of antimony oxide in July 2021 were 5123.57 tons, up 52.6 percent from the previous month. "View details
[brief Analysis of SMM Antimony Ingot Import and Export] according to customs data, China imported 81.5 tons of antimony ingots in July 2021, up 43.56% from June. In July 2021, China exported 1530.67 tons of antimony ingots, a sharp increase of 140 per cent from the previous month. "View details
SMM column small Metal Science Popularization Titanium Trilogy: what is Titanium? Titanium is a kind of metal, which is called Titanium, in English and abbreviated as Ti, on the periodic table of elements. The IVB group metal elements are sorted by 22. "View details
[SMM concern: heavy snow in the north has not significantly affected ferrochrome production.] according to the website of the Central Meteorological Observatory, the Central Meteorological Observatory issued a blizzard blue warning at 6: 00 on November 9. It is expected that from 8: 00 on November 9 to 8: 00 on November 10, there will be heavy snow in parts of northeastern Inner Mongolia, north-central Liaoning, southern Jilin, western Heilongjiang and other places, with local blizzard (10-13 mm). In some of the above-mentioned areas, the depth of snow has increased by 3 to 8 centimeters, and the local area can reach more than 10 centimeters. Affected by the cold wave, the roads froze after the Snow Warning cooling weather. For this reason, many meteorological stations in Inner Mongolia, Liaoning and Shanxi have issued early warning signals for road icing, and expressways have taken closure measures because of road icing. According to SMM, although the heavy snow has caused some obstacles to the transportation and supply of chromium ore raw materials, we have contacted a number of local iron mills and learned that the iron mills all said that the inventory of raw materials is relatively sufficient, and the short-term heavy snow is not enough to affect the production of chromium ore, and the plant and equipment have not affected the output because of the bad weather. This heavy snow mainly has a certain impact on the transport of ferrochromium. With the end of the heavy snow today, the temperature gradually picks up, the impact will gradually fade, and SMM will continue to pay attention to the follow-up impact. "View details
[SMM comment: Western gold plans to enter the manganese industry mining, processing and sales of manganese ore and manganese alloy prices may be lowered] Western Gold is currently the largest modern gold mining, processing and metallurgical enterprise in Northwest China, with a complete industrial chain integrating mine exploration, mining, mineral processing, smelting, refining and sales, and the output of mineral gold ranks among the top ten mineral gold enterprises in the country. The company owns major gold production mines such as Hatu Gold Mine, Ashi Gold Mine and Hami Gold Mine of Yili Company, as well as Urumqi Tianshan Star Precious Metals Co., Ltd., a gold refining enterprise certified by Shanghai Gold Exchange. It is in a leading position in the gold mining and smelting industry. According to the announcement of Western Gold, it shows that in addition to the current main gold industry, the company intends to enter the mining, processing and sales of the manganese industry. According to SMM, the current manganese ore port inventory continues to accumulate. Last week, Tianjin Port manganese ore out of the warehouse 363401 tons, into the warehouse 457469 tons. "View details
[ping an Securities: the demand for lithium copper foil in China will grow rapidly] Ping an Securities points out that in the future, benefiting from the rapid development of new energy vehicles and energy storage, the demand for lithium copper foil in China will grow rapidly and develop in the direction of thinning and thinning; while on the supply side, it is expected that the production capacity of lithium copper foil that will be put into production and operation in China from 2021 to 2022 is relatively limited. We judge that the supply of lithium copper foil is expected to remain tight from 2021 to 2022, and suggest to focus on lithium copper foil, light and thin product research and development and leading industrialization leading enterprises such as Nord shares and Jiayuan Technology.
[us primary aluminum production fell 9 per cent to 73000 tons in August from a year earlier] US primary aluminum production in August was 73000 tons, basically the same as in July; it was 7000 tons lower than the same period last year, down 8.75 per cent from a year earlier. In August, the average daily output of primary aluminium in the US was 2360 tons per day, the same as in July, while it was 2580 tons per day in the same period last year, down 9 per cent from a year earlier.
[us Secretary of Commerce: will soon discuss steel and aluminum tariffs with Britain and Japan] US Commerce Secretary Raimundo said that the United States is expected to start negotiations with Britain and Japan "very soon" to resolve their objections to steel and aluminum tariffs, while the solution protects American industry. Raimundo herself plans to discuss steel issues with Japanese officials during a visit to Japan next Monday, her first trip to Asia since taking office in March.
[the first Special Scholarship for China's Renewable Resources Industry] in order to implement the relevant spirit of "some opinions of the General Office of the State Council on deepening the Integration of Industry and Education", deepen the integration of industry and education in the renewable resources industry, break through the bottleneck of talents in the industry, and better promote the sustainable development of China's renewable resources industry. The notice of China Renewable Resources Industry technological Innovation Strategic Alliance on the Establishment of Special Scholarship for Renewable Resources Industry was officially released, marking the official launch of the first special scholarship for China's renewable resources industry.
[polyfluoroduo: Enchem intends to purchase lithium hexafluorophosphate products of no less than 1 billion yuan from its subsidiary] Polyfluoroduo announcement, subsidiary Henan Nonferrous signed a procurement agreement with Enchem Co.,Ltd, Enchem Co.,Ltd. It is planned to purchase lithium hexafluorophosphate products with a total amount of not less than 1 billion yuan from Henan Nonferrous in the next three years.
[3 trillion won! Yancheng Zaiying Lithium Battery Factory] recently, SKI's battery department SK On signed an agreement with Yancheng, Jiangsu Province, China, to invest 3 trillion won (about 16.3 billion yuan) to build a new electric vehicle battery production base in Yancheng, which is expected to start construction in 2022 and can produce more than 10GWh batteries each year, Yonhap news agency reported. This is SKI's fourth battery factory in China and the first 100% owned by SKI.
[Chuanjinnuo: plans to build 100000 tons / year battery-grade lithium iron phosphate cathode materials] Chuanjinuo announcement that the company and the people's Government of Fangchenggang Port District intend to sign a "Project Cooperation Framework Agreement" recently, and the two sides intend to give full play to their respective advantages. In Fangchenggang City, we will invest in the construction of "50, 000 tons / year battery-grade lithium iron phosphate cathode material precursor iron phosphate and supporting 600000 tons / year sulfur sulphuric acid project" and "100000 tons / year battery-grade lithium iron phosphate cathode material project".
The second house of the month! Jinyuan shares plan to acquire 510 million of Liyuan Mining's 51% stake] on the evening of November 8, Jinyuan shares (000546) issued an announcement. Jinzangyuan Lithium, a wholly-owned subsidiary of the company, signed an "equity transfer agreement" with Tibet Jintai Industry and Trade Co., Ltd., Liu Yan, Liutuo, Jiabu and Liyuan Mining. Jinzangyuan Lithium acquired 51% equity held by Liyuan Mining shareholders with its own capital of 510 million yuan. After the completion of the deal, Jinzangyuan Lithium will hold a 51 per cent stake in Lithium Mining.
[Ningbo founder: plan to invest 1.2 billion yuan in lithium battery precision structure and parts production project] Ningbo founder announcement, the company plans to sign the "Investment Cooperation Agreement between Anhui Chaohu Economic Development Zone Management Committee and Ningbo Fangzheng Automobile Mould Co., Ltd." with the management committee of Anhui Chaohu Economic Development Zone and Ningbo Fangzheng Automobile Mould Co., Ltd., and plans to set up a new local holding subsidiary. It is planned to invest in the production of precision structures and components of new energy lithium batteries. The total investment of the project is about 1.2 billion yuan, which will be invested in two phases.
[Sinopec Science and Technology: Hunan Zhongli plans to increase its subsidiary Inner Mongolia Zhongli by 250 million yuan] Sinopec Science and Technology announcement, the company's company Hunan Zhongli New Materials Co., Ltd. ("Hunan Zhongli") plans to increase its wholly owned subsidiary Inner Mongolia Zhongli New Materials Co., Ltd. ("Inner Mongolia Zhongli") by 250 million yuan. At the same time, the company plans to increase its wholly-owned subsidiary Taishan fiberglass by 250 million yuan. Taishan fiberglass plans to increase the capital of Jinjing with 360 million yuan.
[speed up the construction of the European base Dangsheng Science and Technology plans to produce 50, 000 tons of high-nickel cathode materials per year in 3.9 billion] the European project of Dangsheng Science and Technology plans to build the first production base of 100000 tons of high-nickel power lithium cathode materials in Finland. Among them, the first phase of the first phase has an annual production capacity of 50, 000 tons of high-nickel cathode materials, which is expected to be completed and put into production in 2024, with an investment of about 500 million euros (equivalent to about 3.9 billion yuan, the final investment is subject to the conclusion of the feasibility study).
[White House again calls on OPEC to increase crude oil supply] according to foreign news on November 9, the White House on Tuesday once again called on the Organization of Petroleum Exporting countries ((OPEC)) to increase crude oil supply. At last week's meeting, the OPEC agreed to continue with its plan to increase oil production by another 400000 b / d from December, despite calls from the US for further increases in oil supplies to cool rising oil prices. OPEC sources say the United States has enough capacity to increase production if it thinks the world economy needs more energy.
[EIA expects crude oil oversupply early next year the United States is considering releasing strategic oil reserves but does not act on Tuesday.] Tuesday, November 9, US Eastern time, after a report released last week by the US Energy Information Administration ((EIA)) showed that crude oil production exceeded expectations for six consecutive weeks, its latest report released this week predicted that Brent crude oil prices would fall as oil production increased in 2022, while it slightly raised its crude oil price forecast for 2021. By and large, oil prices are expected to remain unchanged in 2022.
[Yellen stressed again: the Fed will not allow a repeat of the high inflation situation of the 1970s.] U.S. Treasury Secretary Yellen reiterated her view that high inflation in the United States will not last beyond next year, and stressed that the Fed will act if necessary to avoid a repeat of 1970s-style price increases. Yellen said that as the epidemic recedes, "I expect the price increase to level off and the inflation rate to return to close to the 2% level that we consider normal."
[national Bureau of Statistics: October PPI rose 13.5% year-on-year four consecutive increases] in October 2021, national industrial producer prices rose 13.5% year-on-year, 2.5% month-on-month; industrial producer purchase prices rose 17.1% year-on-year and 2.6% month-on-month. From January to October, the average ex-factory price of industrial producers rose 7.3% over the same period last year, and the purchase price of industrial producers rose by 10.1%.
[national Bureau of Statistics: CPI rose 1.5% year on year in October CPI ended "four consecutive declines"] in October 2021, consumer prices across the country rose 1.5% year on year. Of this total, urban prices rose by 1.6%, rural areas by 1.2%, food prices by 2.4%, non-food prices by 2.4%, consumer goods prices by 1.6%, and service prices by 1.4%. From January to October, consumer prices across the country rose 0.7 percent over the same period last year. In October, consumer prices across the country rose 0.7% from the previous month. Of this total, urban prices rose by 0.7%, rural areas by 0.7%, food prices by 1.7%, non-food prices by 0.4%, consumer goods prices by 1.1%, and service prices by 0.1%.
[Dong Lijuan, senior statistician of the City Department of the National Bureau of Statistics, interprets CPI and PPI data of October 2021] CPI rose in October due to special weather, contradiction between supply and demand of some commodities and rising costs. On a month-on-month basis, CPI rose 0.7 per cent from the same level last month. Among them, food prices rose 1.7% from 0.7% last month, affecting CPI to rise by about 0.31%, mainly due to a large increase in the price of fresh vegetables. Affected by the superposition of factors such as rainy weather, changing stubble in summer and autumn, the spread of epidemic situation in some areas and the increase in production and transportation costs, the price of fresh vegetables increased by 16.6%, affecting CPI by about 0.34%, accounting for nearly 50% of the total increase. With the seasonal increase in consumer demand and the orderly development of the second round of pork storage in the central reserve, pork prices have rebounded slightly since mid-October, still falling by an average of 2.0% for the whole month, 3.1 percentage points lower than the previous month. Aquatic products and eggs are in abundant supply, with prices falling by 2.3% and 2.2% respectively. Non-food prices rose 0.4%, an increase of 0.2% over the previous month, affecting CPI to rise by about 0.35%. Among non-food products, the price of industrial consumer goods rose 0.9 per cent, an increase of 0.6 per cent over the previous month, mainly due to more increases in the prices of energy products, of which gasoline and diesel prices rose 4.7 per cent and 5.2 per cent respectively, affecting CPI to rise by about 0.15 per cent, accounting for more than 20 per cent of the total increase. Service prices rose 0.1 per cent, the same rate as the previous month.
[the project of Sodium Ion Battery cathode material with an annual output of 80,000 tons has officially signed a 100 million yuan Pre-A round financing to be completed! On November 7, the signing ceremony of the project of cathode materials for sodium ion batteries with an annual output of 80, 000 tons was held, with a total investment of 1.5 billion yuan and a land area of 300 mu The construction of sodium ion battery key materials, including sodium ferrate ternary cathode materials, and the construction of sodium ferrate-based cathode material precursors and cathode material production lines. A few days ago, Sodium Chuang successfully completed the 100 million yuan Pre-A round financing for 10,000 tons of sodium ferrite-based cathode materials and its electrolyte production and talent team construction.
[Guoxuan Hi-Tech 302Wh/kg ternary battery mass production and loading] recently, the high nickel ternary battery with energy density of 302Wh/kg began mass production in Guoxuan Hi-Tech. It is reported that the battery has been equipped with a number of medium-and high-end electric models, and the energy density of the related model system has easily broken through the 200Wh/kg. As the first mass production in China, and carried to a number of mid-and high-end model applications, Guoxuan Hi-Tech may lead the industry to enter the 300Wh/kg threshold of single battery energy density to further eliminate people's anxiety about the battery life of electric vehicles.
[the largest hydrogen fuel cell hydrogen supply project in Shandong Province] was recently completed by Qingdao hydrogen Resource Base, the largest hydrogen fuel cell hydrogen supply project in Shandong Province, undertaken by Qingdao Refining and Chemical Co., Ltd., a subsidiary of Sinopec. The project has an annual hydrogen production capacity of 2250 tons and is expected to be put into production by the end of December this year. After it is put into production, it will completely solve the problem of the source of hydrogen for fuel cells in Qingdao, effectively improve the hydrogen production and supply capacity of Shandong Province, promote the rapid development of Shandong hydrogen industry, and help to build the "Oriental hydrogen Island".
(Tesla's application to expand his energy business to sell electricity in Texas was approved) according to foreign media reports, Elon Musk was officially allowed to sell electricity to retail customers in Texas through Tesla's energy venture company (Tesla Energy Ventures). This summer, Musk submitted an application to operate in Texas. Late last week, the state approved Mr Musk's application to operate.
[Volkswagen plans to build a new electric car factory against Tesla] according to foreign media reports, Volkswagen said on November 9 that with the commissioning of Tesla's Berlin super factory approaching, the company plans to build a state-of-the-art electric vehicle factory near its headquarters in Wolfsburg, Germany, hoping to improve its competitiveness.
[China Automobile Association: production and sales of new energy vehicles hit a new high in October] China Automobile Association: in October, the production and sales of new energy vehicles completed 397000 and 383000 respectively, an increase of 1.3 times over the same period last year. Of these, the production and sales of pure electric vehicles completed 329000 and 316000 respectively, an increase of 1.3 times over the same period last year; the production and sales of plug-in hybrid vehicles completed 68000, an increase of 1.7 times and 1.5 times respectively over the same period last year; and the production and sales of fuel cell vehicles completed 59 and 47 respectively, down 23.4% and 40.5% respectively. New energy production and sales continue to set a new record this month. In October, the market penetration rate of new energy vehicles continued to maintain an all-time high of 16.4%, and the market penetration rate of new energy passenger vehicles reached 18.2%.
[Xilai third quarterly report: fourth-quarter results guidance is still the biggest constraint on battery supply.] on November 10, Lailai released its third-quarter 2021 results. In the current financial quarter, the total revenue of Weilai was 9.8053 billion yuan, up 116.6 percent from the same period last year and 16.1 percent from the previous year. The net loss attributed to common shareholders was 2.8589 billion yuan, an increase of 140.7 percent over the same period last year. Cash and cash equivalents, restricted currency funds and short-term investments totaled 47 billion yuan, up 110.76% from the same period last year.
On the evening of November 8, BYD announced that it had completed the allotment and issuance of a total of 50 million new H shares to not less than six transferees at the allotment price of HK $276.00, resulting in a net income of about HK $13.744 billion.
Last night, TSMC announced that it would build new plants in Taiwan and Japan at the same time, both of which are scheduled to start next year and start production in 2024. Among them, the new Japanese plant will be based in Kumamoto Prefecture, initially cut from the 22/28nm process, with a monthly production capacity of 45000 12-inch wafers. The initial estimated investment is about $7 billion, which has been pledged by the Japanese government, while Sony plans to invest $500m to acquire a stake of no more than 20 per cent. Taiwan's new plant is located in Kaohsiung, focusing on the 7/28nm process, and the industry estimates that the investment will reach US $10 billion.
The SMM market knew that it would start at 8:45 every morning.
"Welcome to watch on the computer.
About 20 minutes after the end of the live broadcast, you can watch the playback ~!
Please collect this live broadcast page so that you can grasp the cutting-edge information of the market every morning, help you do a good job of spot transactions, investment planning, and take risk control measures in advance. Thank you for your attention and support to SMM ~!
![Los precios del antimonio siguieron subiendo [Revisión semanal del mercado spot de antimonio de SMM]](https://imgqn.smm.cn/usercenter/teIej20251217171724.jpeg)
