[SMM Metal Morning reference] Metal rises and falls show that aluminum surges by more than 2.5% | the consumer demand for copper weakens | the increase in cobalt prices has been suspended.

SMM survey: what kind of metal do you like most in 2022?

Summary of SMM Zinc Morning meeting: on the supply side, power shortages in Europe have led to production cuts in smelters again, and domestic smelters have also recovered less than expected due to frequent supply-side disturbances. On the consumer side, domestic downstream consumption has entered the off-season, and the market will to receive goods is not high after the rise in zinc prices.

"the competition for high prices aggravates the surge and decline of zinc prices in the two cities [minutes of the SMM Zinc Morning meeting]

"Click to view the price of SMM zinc products

Minutes of SMM Xi Morning meeting: last week 2201 contract prices rebounded quickly after falling in the middle of the week, showing a V-shaped reversal trend during the week. As of Friday's close, prices were still on the middle axis of the high horizontal range, and last week's price dip did not destroy the recent high horizontal range. The rebound in the process of a large number of funds leaving the market also shows that with the contract delivery approaching, the speculative heat of the contract gradually decreased. Therefore, under the condition of stable spot supply and demand in the near future, the trend is more likely to maintain horizontal finishing.

"the steady trend of supply and demand has greatly increased the probability of continuing the horizontal market [minutes of the SMM Xi Morning meeting]

"Click to view the price of SMM tin products

Minutes of SMM Steel Morning meeting: last Friday, Liantie continued to be strong and volatile, with the main contract 2205 closing at 676.5, up 1.88% throughout the day. The price quoted by the spot traders at the port has increased by 20 yuan / ton compared with the previous day. Some merchants are more enthusiastic in shipping, and steel mills purchase on demand. The atmosphere of spot transactions at the port was poor last Friday. Last Friday period snail trend is weak, the terminal wait-and-see mood fermentation, the transaction slightly weakens.

"Liantie continues to be strong, concussion and snail trading is slightly weaker [minutes of SMM Iron and Steel Morning meeting]

"Click to view the price of SMM steel products

Summary of SMM Cobalt Lithium Morning meeting: the price increase of electrolytic cobalt and intermediate products has been alleviated recently. Since January, import tariffs on electrolytic cobalt have been reduced, Christmas holidays are approaching, overseas inquiries are light, domestic downstream magnetic materials and superalloy enterprises are mainly in rigid demand for replenishment, and their willingness to take the initiative to prepare goods is weak. Recently, the price of cobalt salt has risen sharply. The supply of cobalt salt may have declined significantly this month since the sudden suspension of production at two cobalt salt plants due to an epidemic last Friday.

"Weilai sales have returned to the ten thousand cars and the increase in electric cobalt has eased in the run-up to Christmas [minutes of the SMM Cobalt Lithium Morning meeting]

"Click to view the price of SMM new energy products

Macro: the dollar climbed on Friday, reversing a two-day decline as central banks discussed interest rate hikes and concerns about the spread of the O'Micron variant as traders pulled out of riskier currencies.

In terms of crude oil, international oil prices closed down on Friday, with both oil and US oil falling more than 2.7 per cent, as the surge in Omicron variants raised renewed concerns that restrictions imposed by various countries could hit fuel demand.

Today, the macro aspect focuses on the quoted interest rates in China's one-year loan market for the week ended December 20, the difference between CBI industrial orders in the UK in December and the trade account in New Zealand in November.

In the metal market:

In the metal market, most of the metal on the outer plate was green, and only Lun aluminum was red, closing up 2.55%, hitting a six-week high. The outer disk is green except lun aluminum, which fell 1.26% on Friday night after a sharp rise on Thursday. Lun copper fell 0.67%.

Inner plate metal mixed, Shanghai Aluminum and Lun Aluminum Synchronize uplink, with a rise of 1.13% to lead the inner plate. Shanghai nickel rose 0.64%. After a sharp rally during the day yesterday, Shanghai Zinc pulled back significantly after the opening of night trading, closing down 0.48%, and Shanghai lead fell 0.7%.

In terms of black, the whole line is red except stainless steel. Hot coil threads both rose more than 1%, while iron ore rose 0.73%. Shuangjiao continued its previous strength, with both rising in the night market, with coking coal trading at one point jumping to 2260 yuan / ton, a new high since October 28, and finally closed up 4.61%. Coke closed at 3129 yuan per ton, the highest since October 21, and closed 2.2 per cent higher.

In precious metals, COMEX gold futures returned above $1800 on Friday and the weekly trend is set to rise for the first time in five weeks as concerns about a sharp rise in O'Micron cases and high inflation have prompted investors to turn to safe havens.

The price of aluminum in the two markets has both risen by more than 2.5% since the beginning of November, when the price of aluminum in the two markets has risen by more than 2.5% since the beginning of November.

"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 nickel products

U. S. stocks closed lower on Friday, with the Dow down 530 points. The Dow fell 532.20, or 1.48%, to 35365.44; the Nasdaq fell 10.75, or 0.07%, to 15169.68; and the S & P 500 fell 48.03, or 1.03%, to 4620.64. All three major stock indexes recorded losses this week. This week, the Dow is down 1.68%, the S & P 500 is down 1.94%, and the Nasdaq is down 2.95%.

[announcement of change in quotation Frequency of SMM 8mm Electrolytic Copper Rod processing fee] in order to better reflect the change of processing fee in 8mm electrolytic copper rod market and help the industry reduce transaction costs and prevent and control risks, SMM decided that as of January 1, 2022: 1. SMM power industry pole (East China), SMM power industry pole (South China), SMM power industry pole (North China), SMM power industry pole (southwest), enamelled wire rod (East China), enamelled wire rod (South China), enamelled wire rod (North China), a total of 7 price points are adjusted from the original weekly quotation to daily quotation. "View details

[SMM analysis: copper inventory weakening, trading back to stable holders to hold more than 100 yuan of rising water] near the end of the year, some state-owned enterprises and companies are expected to close accounts, finance to carry out year-end invoice settlement, most of the implementation of long orders, bulk transactions gradually reduce, but the market supply and circulation volume is reduced, traders still maintain mood under low inventory, if imports do not have too much supply inflow, rising water will remain strong. It is expected that the spot discount will be between 120 and 250 yuan / ton next week. "View details

[SMM Analysis: copper prices fall first and then rise during the landing week of the Fed's interest rate meeting] during the week (12.13-12.17), the Federal Reserve announced at its interest rate meeting that it would accelerate the monthly taper, debt reduction from 15 billion to 30 billion, and net asset purchases will end in the first quarter of next year. Judging from the bitmap, interest rates will be raised three times after Ming. As the market was already full of hawkish expectations long before the meeting, Powell made it clear that he did not support raising interest rates at Taper, and there were no imagined hawks at the actual meeting, and all risky assets changed from falling to rising after the meeting. "View details

[SMM analysis: will the import situation of China's PCB high-end copper foil be broken? By October 2021, China had imported a total of 114000 tons of electronic copper foil, a cumulative year-on-year growth rate of 23.8%. From January to October, China's exports totaled 29000 tons, a cumulative year-on-year growth rate of 12.8%. "View details

[SMM copper downstream weekly survey: copper prices rise downstream consumption cooling at the end of the year continues to decline this week] this week, SMM conducted a survey on the production and sales of major copper rod enterprises in China. The overall operating rate was about 68.63%, a decrease of 0.61 percentage points compared with last week. The operating rate of refined copper rod has declined slightly this week, which is the weakening of downstream demand? Judging from the results of the survey. "check the details.

[SMM analysis: copper terminal consumer demand weakens under the impact of multiple factors] Copper prices hit a low and rebounded this week. How is the performance of orders in the downstream industry of copper? The SMM Copper Research Group brings you the latest market research. "check the details.

[SMM investigation: scrap copper supply is tight and the processing fee for fine copper rod has been greatly narrowed] recently, the trend of electrolytic copper rod processing fee in various parts of the country is relatively stable and does not change much. According to our SMM survey, the processing fee for rod processing in East China 8mm power industry was reported at 550,650yuan / ton on Friday, with an average price of 600yuan / ton down 10 yuan / ton compared with last Friday. Guangdong 8mm power industry rod processing fee is reported at 550,650yuan / ton, the average price is 30 yuan / ton lower than last Friday. "check the details.

[SMM data: national mainstream copper market inventories fell by 9000 tons during the SMM data week] as of Friday, December 17, SMM national mainstream copper market inventories decreased by 9000 tons to 85800 tons compared with Monday, and fell back to less than 90, 000 tons two weeks later. Inventories in Guangdong increased slightly by 700 tons during the week, but inventories in Shanghai and Tianjin declined, while those in other areas did not change much. "check the details.

[SMM analysis: oil coke rising and falling each other and downstream receiving sentiment warmed up] from December 13 to 17 this week, the price of petroleum coke market was mixed, but still maintained a situation of rising more and falling less, of which Shandong Shenxian Huaxiang Petrochemical Co., Ltd. fell sharply this week. "View details

[SMM analysis: market price or short profit after the domestic prebaked anode cost fell in December] according to SMM research, in early December, a large aluminum plant in Shandong lowered the benchmark price for prebaked anode purchase by 295 yuan / ton compared with the previous month, and the cash exchange execution price was 5185 yuan / ton. The main reason for the downward adjustment is that the prices of major raw materials have fallen sharply, with SMM accounting in November (10.26-11.25). "View details

[SMM analysis: a minute to learn about common aluminum alloy] Aluminum alloy is widely used in our lives, such as aluminum alloy doors and windows, car wheels, cans, aluminum foil and so on. The aluminum alloy we see in daily life can be divided into two categories: deformed aluminum alloy and cast aluminum alloy. "check the details.

[scrap aluminum and recycled aluminum weekly review: tight supply of waste aluminum prices with rising aluminum prices faster recycled aluminum costs again] this week (12.13-12.17) A00 aluminum shock strengthened, due to less supply in the market, the overall price of waste aluminum rose by about 500 yuan / ton. It is worth noting that as aluminum prices rose by more than 600 yuan / ton a day on Friday, waste aluminum recyclers generally maintained a cautious wait-and-see attitude, raising prices by about 200,300 yuan / ton on Friday. It is expected that if the trend of Shanghai aluminum night market remains strong, then the price of waste aluminum may be on the weekend. "check the details.

[SMM Bauxite spot Weekly Review: domestic mines continue to be suppressed and imported mines are relatively stable] SMM regional weighted index of 2834 yuan / ton, down 186yuan / ton compared with last Friday, a drop of 6.2%, of which Shanxi and Henan alumina prices fell sharply, many alumina plants said that the current state of break-even, so continue to put pressure on domestic ore prices, local ore spot prices fell slightly this week. Guizhou Alumina Plant said that the environmental protection policy in Guizhou has been strict this year, many mines can not be mined normally, and the ore supply is relatively tight, but the current alumina price is not optimistic and the ore purchase price is expected to be reduced by the end of the month. "check the details.

[SMM Alumina Weekly Review: market pessimism continues and prices are difficult to find support.] as of Friday (12.17), SMM regional weighted index 2834 yuan / ton, down 186yuan / ton from last Friday, down 6.2%. Among them, Shanxi region reported 2750-2900 yuan / ton; Henan region reported 2750-2900 yuan / ton; Shandong region reported 2900-3000 yuan / ton; Guangxi region reported 2730-2780 yuan / ton; Guizhou region reported 2900-2950 yuan / ton; Bayuquan region reported 3000-3100 yuan / ton. "check the details.

[SMM analysis: is the demand for aluminum bar processing fees weakening for two weeks? From the aluminum bar processing fee trend chart, we can see that the domestic aluminum bar mainstream market processing fee began to show a weak trend in the past two weeks, but the national aluminum bar inventory is still at a low level. According to the feedback from the warehouse, the recent arrival of aluminum bars is relatively small, since it is due to the removal of storage caused by the low level of arrival in the market, then the decline in processing fees is not due to loose supply, but to weak demand? . "View details

[ILZSG data Analysis: what is the global supply of refined lead in 2021? According to the lead refining data of the International lead and Zinc Group, the global refined lead production from January to September in 2021 was 9.0665 million tons, a cumulative increase of 4.28% over the same period last year (an increase of 107900 tons over the same period last year). Among them, China's refined lead production increased by 107900 tons (18.09%) compared with the same period last year, while overseas refined lead production decreased by 439900 tons (10.46%). 2021 is a year for smelters to recover actively after the epidemic, but. . "View details

[SMM survey: environmental protection, equipment and other factors affect the overall operation rate of recycled lead] according to the SMM (SMM) survey, this week (December 11-December 17) SMM recycled lead smelting enterprises in the four provinces have a weekly operating rate of 45.89%, down 1.16% from last week. "check the details.

[SMM survey: consumption weakening + epidemic situation restricts lead-acid battery weekly start-up] according to SMM research, this week (December 11-December 17) the weekly comprehensive operating rate of lead-acid battery enterprises in the five provinces of SMM was 78.12%, down 0.45% from last week. "check the details.

[SMM survey: smelter maintenance has not yet resumed electrolytic lead operating rate] according to the SMM (SMM) survey, this week (December 11 to December 17) SMM primary lead smelter weekly operating rate of 57.57%, this week primary lead smelter operating rate dropped 1.5% month-on-month. . "View details

[SMM survey: high lead prices slow down social inventory decline in downstream procurement of lead ingots] according to the SMM survey, the total inventory of lead ingots in the five places reached 117400 tons as of December 17, down 3000 tons from last Friday and 2100 tons from Monday. "check the details.

[SMM analysis: zinc smelters in Europe cut production to stimulate "knee jump response" zinc prices are easy to rise and difficult to fall? On December 17, production cuts from European zinc smelters once again disturbed the zinc market. Shanghai zinc jumped for two consecutive days and continued to rise in intraday trading today, rising more than 4.5% at one point to the highest level in more than a month. By the end of the day, Shanghai Zinc led the metal markets of the two markets up 4.32% to 24150 yuan / ton. "View details

[SMM analysis: automotive industry's contribution to zinc oxide demand is still to be expected in the future] according to SMM research, nearly 60% of zinc oxide is used in rubber production, and the zinc oxide content needed per ton of rubber is about 30% 50%, calculated according to 40%. "check the details.

[SMM analysis: enterprises gradually increase the operating rate of finished product inventory] the transaction price of zinc oxide this week is in the range of 22700-23100 yuan / ton. According to SMM, the zinc oxide operating rate this week was 60.04%, down 1.25% from last week. . "View details

[SMM research: galvanized tube sales improvement led to galvanized start up] according to SMM research: zinc ingot prices this week as a whole strong operation, some enterprises also digest the original inventory-based, bargain-based rigid demand. This week galvanized pipe companies along with. "View details

[SMM analysis: the recovery growth of die-casting zinc alloy start-up in November may decline significantly] in December, affected by the epidemic of novel coronavirus, some alloy enterprises in Ningbo area stopped production, at the same time, the terminal also stopped production, resulting in a decline in local and recent start-up. . "View details

[SMM data: SMM Seven zinc ingots social inventory is down 1100 tons from last Friday] according to SMM, as of Friday, SMM Seven zinc ingot stocks totaled 124200 tons, down 2300 tons from Monday and 1100 tons from last Friday. "check the details.

[SMM analysis: the weekly operating rate of Yunnan refinery driven by environmental production restrictions decreased month-on-month.] while the total operating rate of the two provinces declined in Yunnan and maintained in Jiangxi, the comprehensive operating rate of the two provinces showed a slight decline compared with the previous month, and it is expected that the comprehensive operating rate of the two provinces will pick up next week. "check the details.

The average price of SMM8-12% high nickel pig iron is 1245 yuan / nickel point (including factory tax), which is 110yuan / nickel point lower than that of last Friday. The average price of high nickel pig iron in Indonesia is 1235 yuan / nickel point (including arrival tax), which is 110yuan / nickel point lower than that of last Friday. There are a number of small transactions in the market during the week. . "View details

[laterite Nickel Weekly Review: iron prices Down weak Iron Mill demand drop] on Friday, the average 1.5%CIF price of nickel ore was $82 / wet ton, unchanged from the average price last Friday. During the week, the market turnover of CIF was light, with a small number of transactions at the mine end, of which the latest 1.3%FOB transaction price was less than 42 US dollars / wet ton, and the 1.2%FOB transaction price was 32 US dollars / wet ton. . "View details

[bonded area pure nickel inventory: the expected revision of nickel specific price leads to a rapid decline in bonded area inventory] this week (12.13-12.17) the internal and external price of nickel has been repaired in the context of an extreme shortage of domestic supplies, during which spot nickel imports were once opened on Thursday. traders took the opportunity to move the bonded area nickel board into the bonded area, and the import of nickel beans was relatively limited. The reason why traders prefer nickel plates is that low prices have begun to stimulate the buying sentiment of downstream enterprises as the price of nickel has fallen this week. "check the details.

[SMM analysis: Longchuan Technology smashed 800 million to expand the production capacity of Lithium Iron Phosphate "Ning Wang" 350 million in advance. On the evening of December 17, the leading enterprise of Lithium Iron Phosphate in China, Longchuan Science and Technology, issued an announcement in order to expand the existing production capacity of Lithium Iron Phosphate and further meet customer order demand. Changzhou Liyuan New Energy Technology Co., Ltd., the holding subsidiary of Jiangsu Longyi Science and Technology Co., Ltd., and the people's Government of Juancheng County signed the Cooperation Agreement on Lithium Iron Phosphate cathode material Project on December 17, 2021. "check the details.

[SMM data: China's cobalt sulfate production in November 2021] China's cobalt sulfate production in November 2021 was 5732 metal tons, down 1% from the previous month and an increase of 33% over the same period last year. From January to November 2021, China's cumulative output of cobalt sulfate was 56300 tons, an increase of 54% over the same period last year. "check the details.

[SMM analysis: the situation in Congo is uncertain. Cobalt prices may rise further after the epidemic in South Africa.] recently, the local situation in the Democratic Republic of the Congo (DRC) continues to be volatile. Armed men often attack mining companies around Ituri province in the Democratic Republic of the Congo, and two Chinese citizens have been killed. The Ministry of Foreign Affairs reminded Chinese citizens and enterprises to immediately evacuate the northeastern provinces of Iturri, North Kivu and South Kivu. For a long time, China's cobalt ore has been imported by the Democratic Republic of the Congo (DRC). Eight of the 14 largest cobalt mining companies in the DRC are Chinese-funded enterprises, accounting for almost half of the output of the DRC. "check the details.

[chromite Weekly Review: it is difficult for chromium ore trading to dilute prices to rise and fall] Port inventories are basically flat and low this week (12.13-12.17). Although there are still some profits in ferrochrome prices this week, the operating rate of iron mills remains high, but with the gradual decline of iron prices and the cost pressure of southern ironworks, individual manufacturers have plans to reduce production and demand for chromium ore weakens, but the port inventory is low, especially the particle size ore is still scarce, and the room for decline in chromium ore is relatively small. It is estimated that the price of 40-42% chromium fine powder in South Africa will still run at 30-32 yuan / tonnage next week. . "View details

[high-carbon ferrochromium Weekly Review: the cost is difficult to support the continuous fall of high-carbon ferrochromium] this week (12.13-12.17) the price of high-carbon ferrochromium continues to remain weak, under the mentality of buying up and not buying down, the transaction situation remains light. . "View details

[low low carbon ferrochromium Weekly Review: supply of high low low carbon ferrochromium prices fell to cost] this week (12.13-12.17) the price of low and low carbon ferrochromium continued to weaken, and many ferrochromium factories said that they were already in a state of upside down costs. Some iron factories plan to temporarily suspend production after completing existing orders, and a few small production plants plan to withdraw funds towards the end of the year, resulting in low-price dumping. The supply is high and the downstream demand is weak, and the price of low-carbon ferrochromium is expected to remain weak next week. . "check the details.

[SMM hot rolling week combing: output increased & turnover improved.] Volume prices continued to rise this week and fell slightly on Friday. At the beginning of the week, the meeting of the Central Economic Bureau delivered macro-positive messages to the infrastructure and other industries. Tangshan's 13 D-level chief process steel enterprises. "check the details.

[SMM thread weekly carding: industry is good & the current price of raw materials is strong] recent macro and industrial good news is more, the current price shock is higher during the threaded period. At the beginning of the week, the annual meeting of the Chinese economy released a macro positive, and some steel enterprises in Tangshan were upgraded from D to C, environmental protection and safety inspections in Shanxi were tightened, coke supply may shrink, the strength of raw materials led to the rise of the snail, and the spot rose slightly. "check the details.

[SMM Coke Market depth Analysis: Coke prices are about to hit the ground] most coking enterprises have begun to make a profit, but because it is easy to cause serious air pollution in winter, the start-up situation of coking enterprises may continue to get worse, and the supply may tighten somewhat. More coking enterprises have increased this week, coupled with some steel mills to stock up in winter, coking coal prices have also risen, coke prices are likely to rise next week. It can increase by 200 yuan / ton-300 yuan / ton. "check the details.

[SMM Electrolytic Manganese Weekly Review: weakening prices in Manganese City] this week, the spot factory average price of electrolytic manganese in Guangxi and the main producing areas of the manganese triangle was reduced by 300 yuan / ton compared with last Friday, concentrated at about 39000 yuan / ton. Although the alliance's bullish sentiment was driven up slightly by 100 yuan per ton after last week's meeting, it is actually. "check the details.

[SMM Manganese Mine Weekly Review: inventory dropped slightly during the week] as of Friday, the northern port: Australian mine 42-43 yuan / tonnage, down 1 yuan / tonnage compared to last week; South African hemicarbonate mine 33-34 yuan / tonnage; Gabon mine 40-41 yuan / tonnage; Brazilian mine 42-43 yuan / tonnage; South African ferromanganese mine 33-34 yuan / tonnage, down 1 yuan / tonnage compared with last week. Southern port: Australian mine 43-44 yuan / tonnage. "View details

[SMM Si-mn Weekly Review: the transaction atmosphere during the week was cold and the price of Si-mn was weak and stable] as of Friday, 6517 (cash) of Si-mn 6517 (cash) in the north was 7700-7900 yuan / ton, down 100 yuan / ton from last week; and 6517 (cash) of Si-mn in the south was 8150-8350 yuan / ton, which was the same as last week. During the week, as the current round of steel moves have been settled, the market, which should have been active, is still relatively calm. The main reason is that the tender price is lower than the market expectation, and the price reduction of the steel mill is obvious, for the production side. "check the details.

[SMM analysis: metal silicon social inventory slightly decreased 5% compared with the same period last year and still increased 12% compared with the same period last year] on December 17, China's social inventory was 84000 tons, a decrease of 4000 tons by 5%, and an increase of 9000 tons over 2020 by 12%. Although higher than last year, it is still lower than the social inventory of 2018 (112000 tons) and 2019 (101000 tons) in the same period. "check the details.

[SMM silicon inventory: warehouse output increases silicon society inventory decline] SMM statistics December 17 metal silicon social inventory totaled 84000 tons, a decrease of 4000 tons compared with last week, the north and south ports inventory performance differentiation, Tianjin Port due to the larger quantity of pick-up inventory reduction, Huangpu Port due to Kunming and other places to send more goods than the number of inventory increased. Kunming warehouse volume reduction is more obvious this week, more shipments and less arrival quantity than last week is a major reason for the larger inventory reduction. "check the details

[SMM antimony spot Weekly Review: antimony prices bottomed out to restart the rising channel] this week, antimony market prices reopened the rising channel after two months of decline and more than a month of stable bottoming, and market prices began to rise significantly this week. Up to now, the average price of SMM antimony ingots: 72000 yuan / ton for low bismuth antimony ingots, 73500 yuan / ton for antimony ingots, 74500 yuan / ton for antimony ingots, 70000 yuan / ton for antimony ingots with high bismuth content, which is 500 yuan / ton higher than that of last week. "check the details.

[SMM Molybdenum Weekly Review: higher molybdenum concentrate prices support molybdenum prices] this week, 45% of domestic molybdenum concentrate mainstream transaction prices 2220-2230 yuan / tonnage, up 20 yuan / tonnage compared with last Friday; 60% molybdenum iron mainstream transaction prices 14.8-155000 yuan / ton, up 1000 yuan / tonnage compared with last Friday. SMM believes that it is nearing the end of the New year. "check the details.

[SMM Indium spot Weekly Review: indium Price is stable] this week, the overall indium market price is still stable, and the market transaction is still relatively quiet, which is also related to the approaching the end of the year, the price performance continues to be weak, the fundamentals of supply and demand do not change much, and the market supply situation is also relatively stable, while the buyer's buying mood is relatively difficult for merchants to ship due to lack of buying interest, but the resource performance of crude indium is still tight at present. This also gives manufacturers a little confidence. Therefore, the price of indium is currently in a dilemma. "check the details.

[SMM indium market tracking report: Xinlian Environmental Protection 10-ton refined indium auction ended smoothly] according to the latest news learned by SMM, the Gejiu branch of Xinlian Environmental Protection Technology Co., Ltd. concluded last week for the company's 10-ton "Luhua" indium ingot for open bidding for the sale of indium ingots has made new official progress. After this tender, the official news of Xinlian Environmental Protection has been released to the public, and the bidding sale of 10 tons of refined indium has been completed. "check the details.

[SMM Bismuth spot Weekly Review: bismuth prices continue to decline] this week (12.13-12.17) bismuth ingot prices are still weak, prices still show a slight drop, and market fundamentals continue to show poor demand, which is also related to the approaching of the New year, and the buyer's buying interest has declined, but recently, many suppliers have indicated that buyers' inquiries have begun to increase, although there is no actual trading volume. But it makes the seller look forward to the demand in the coming January. And there has been no significant increase in supply performance. "check the details

[SMM magnesium spot Weekly Review: spot magnesium prices continue to rise] on the supply side: factories generally feedback order production, individual factories said that orders will be scheduled until the middle of next month, and the market is mainly based on futures quotations. The head of sales of a large factory said that supported by futures orders, factory depots in the early Spring Festival are expected to decline, and magnesium ingot prices may remain high. "check the details.

[SMM Analysis: Xuan Sheng! A new round of rising prices of titanium dioxide! Recently, under the leadership of the enterprise leader, there has been a new round of price rise in the titanium dioxide market. On December 13, Longbai Group took the lead in sending a letter. From December 14 to 15, titanium dioxide enterprises such as medium Nuclear Titanium dioxide, Huiyun Titanium Industry, Titanium Sea Technology, Xilong Chemical Industry, Anada and other titanium dioxide enterprises followed the upward adjustment of the sales price of titanium dioxide. "View details

[SASAC: in-depth implementation of professional integration of rare earths and coal] the State Council SASAC held a meeting of responsible persons of central enterprises. Hao Peng, party committee secretary and director of the State Council SASAC, said that efforts should be made to promote strategic restructuring and professional integration. China Star Network, China Electric equipment, China Logistics Group was established, Sinochem and Sinochem were jointly reorganized, China Electric Science reorganized China Putian, Angang Group reorganized Benxi Steel, and the assets reorganization of the National Pipe Network Group was successfully completed. the professional integration of rare earths and coal has been carried out in depth, and the logistics big data platform and marine equipment innovation platform have been accelerated.

[SMM Weekly Review: the spot price of rare earths at the beginning of the week is stable near the weekend.] this week, the praseodymium and neodymium market continued to be stable at the beginning of the week, there is a game between upstream and downstream, there is a shortage of raw materials upstream, the spot is tight, and there is a strong sentiment of cherishing sales. As Christmas approaches, overseas inquiries are cold and procurement demand is weak; some domestic enterprises have demand for loan repayment at the end of the year, and under financial pressure, the demand for purchasing replenishment is weak, and the price acceptance is on the low side. Near the weekend. "check the details.

[SMM comment: interpretation of the impact of the energy consumption double control policy in 2021 on the rare earth industry chain] on September 16, 2021, the National Development and Reform Commission issued the "Plan for improving the double Control system of Energy consumption intensity and Total amount", putting forward that the goal of "double control of energy consumption" is to promote clean, low-carbon, safe and efficient use of energy, force the adjustment and upgrading of industrial structure and energy structure, and help achieve the goal of carbon peak and carbon neutralization. The measures of double control of energy consumption, one is to reduce the total energy consumption, the other is to reduce the intensity of energy consumption. "View details

[2022 copper concentrate single processing fee Benchmark is 65 US dollars / ton and 6.50 cents / lb] according to SMM, sources said Jiangxi Copper, Tongling Nonferrous Metals, China Copper and Jinchuan Group and Freeport confirmed that the 2022 copper concentrate single processing fee Benchmark is 65 US dollars / ton and 6.50 cents / lb. The processing fee for copper concentrate in 2021 is US $59.50 / ton and 5.95 cents / lb Benchmark.

The negotiation failed! On the morning of December 16, Minmetals announced that its Las Bambas copper mine would stop production because of a still unsuccessful dialogue with the Peruvian Las Bambas community. Credit Suisse downgraded Minmetals resources rating and target price accordingly. Minmetals shares fell 5.35% at the close of trading on December 16, with the biggest intraday drop of more than 10%. "View details

[Rusal builds new aluminum smelter in Siberia] Russian aluminum producer (Rusal) said on Friday that its long-suspended Taishet aluminum smelter in Siberia had started production. Rusal, the world's largest aluminium producer outside China, began building the Taishet project in 2007. Rusal said in a statement that the first phase of construction of the plant, which had an annual capacity of 428500 tons, had been completed and testing began on Friday.

The national standard of "Energy consumption limit of Electrolytic Aluminum and Alumina Unit products" was revised and began to solicit opinions! Entrusted by the National Standardization Management Committee, the national standard "Energy consumption limit of Electrolytic Aluminum and Alumina Unit products", organized and revised by the National Energy Foundation and Management Standardization Committee, has completed the draft for soliciting opinions, and now begins to solicit opinions. "View details

[miner Nexa says Peruvian zinc mine resumes production] Foreign News on December 16, Nexa Resources, a mining company controlled by Brazilian holding company Votorantim SA, said on Thursday that it had resumed production at the Cerro Lindo zinc mine in Peru. Production at the zinc mine was suspended earlier this week because of road blockade protests. The company said that after the police removed the blockade of the local community, the mine would restore full capacity on December 18. "View details

[Nyrstar's Auby zinc project will be maintained from January] Nyrstar, one of the world's largest zinc smelters, said on Thursday that its Auby zinc project will begin maintenance from the first week of January 2022 to cope with the current and future expected sharp rise in electricity prices in France. Metals industry insiders say Nyrstar has a zinc production capacity of 720000 tons in Europe, of which 300000 tons are in Budel in the Netherlands. Global zinc supply is estimated to be about 14 million tons this year. "View details

[Yongjin disclosed the progress of Zhejiang, Jiangsu, Vietnam, Thailand and other stainless steel projects] recently, Yongjin shares said at the online roadshow activity of publicly issuing convertible corporate bonds that the imported equipment of the IPO project has now entered the installation phase, and the entire project is expected to reach production by the end of January next year.

[Tianqi Lithium Industry: at present, the completed production capacity of Tailyson Lithium concentrate is about 1.34 million tons / year] Tianqi Lithium Industry said on the interactive platform that the second phase of Tailyson chemical grade lithium concentrate expansion project was completed and put into production in the third quarter of 2019, with an additional lithium concentrate capacity of 600000 tons per year. At present, the production capacity of Terlison lithium concentrate is about 1.34 million tons / year.

[Tianqi Lithium Industry: the normal and orderly production and operation of the Tillison Lithium Mine controlled by the company's holding subsidiary TLEA] Tianqi Lithium Industry said on the investor interactive platform on December 17th that the company has been continuously paying attention to the external environment and evaluating its impact on the company's production and operation in a timely and full manner. At present, the Terlison Lithium Mine, which is controlled by the company's holding subsidiary TLEA, has normal and orderly production and operation, and the operation and management work has been carried out steadily; the commissioning of the first phase of Quinana Lithium hydroxide project is progressing smoothly in accordance with the established plan.

[Zhejiang Cobalt Enterprise production shutdown due to the epidemic is expected to affect cobalt salt output of about 1300 metal tons / month] New Times Group Zhejiang New Energy Materials Co., Ltd. And Zhejiang Zhongjingepai Lithium Power Industry Co., Ltd. (hereinafter referred to as Gepai Lithium Power Industry Co., Ltd.) the base of the two companies in Shangyu, Zhejiang Province stopped production due to the epidemic, which is expected to affect the output of cobalt salt by about 1300 metal tons per month. On December 16, people related to Gepai Lithium Power confirmed that the company had stopped production and said that the time of resumption of production was unknown.

Chinalco International re-emphasizes that lithium business accounts for a relatively small proportion. The share price has risen by more than 60% in six days! Since December 10, the stock price of Chinalco's international A shares has recorded six consecutive boards. Although the company has repeatedly issued public announcements of share price changes, repeatedly emphasizing that the company's lithium-related business accounts for a relatively small proportion of operating income, the company does not directly produce lithium, but still can not stop its share price from rising. "View details

[China Mineral Resources: subsidiary intends to buy C $1.5 million into Canadian Power Metals Company] China Mineral Resources announcement that the company's wholly-owned subsidiary, China Mineral Resources, plans to subscribe for 7.5 million additional shares issued by Canadian listed company Power Metals Corp. (referred to as "Power Metals" or "PWM" with its own capital of C $1.5 million, at a subscription price of C $0.20 per share, accounting for about 5.72% of the total share capital of PWM after the completion of this additional offering. Within three months of the completion of the deal, rare Hong Kong miner signed an agreement with PWM to underwrite all lithium, cesium and tantalum products for the Case Lake project.

Recycling is Grimme's core business and core advantage! Recently, some shareholders have interacted on the interactive platform: with the progress of your company's technology, the profit of the power battery recycling business is getting better and better! On December 16, Grimme said, thank you for your attention! The company's power battery recycling business grew rapidly in the first half of 2021, in which cascade battery packages shipped 11606 sets, an increase of 325% over the same period last year, and profitability continued to grow.

In the future, Greenmei will focus on the directional cycle mode of the key nickel, cobalt and lithium raw materials of new energy! Recently, some shareholders have interacted on the interactive platform: does your company rank first in the country in the comprehensive utilization of new energy and waste power batteries? On December 16, Grimmy said that according to statistics, lithium battery recycling enterprises are still dominated by Grimme and Bump in 2020, and in terms of actual handling capacity, the two companies have a combined market share of more than 50%.

[Grimmei: the company will unswervingly build nickel, cobalt and lithium mines in urban mines by building an urban mine system for power battery recycling. Grimmy said on the investor interactive platform on December 16 that the company's power battery recycling business grew rapidly in the first half of 2021, including 11606 sets of cascade battery packs shipped, an increase of 325% year-on-year, and growing profitability. Power battery recycling is the next income tuyere of the new energy industry, and it is a century-old opportunity. Recycling is the core business and core advantage of Grammy, and power battery recycling is the mission of Grammy to mine urban mines. The company will unswervingly build nickel, cobalt and lithium mines in urban mines by building an urban mine system for power battery recovery.

[Guangdong enterprises set up a large trading company engaged in nickel ore products and ores in Indonesia] Dow Technology announced that in order to further promote the strategic layout of the new energy industry chain, the company's wholly-owned subsidiary Guangdong Jiana Energy Technology Co., Ltd. has invested and set up PT. in Indonesia. JIANA ENERGY RESOURCES ("PT.JIANA ENERGY"), engaged in large-scale trade in nickel ore products and ores. PT. JIANA ENERGY, with a registered capital of 100,000,000 rupiah, is a subsidiary of Guangdong Jiana Holdings.

[tin producer MSC postponed the release of force majeure until December 20] Foreign News on December 16, Malaysia's MSC, the world's third largest tin producer, has informed customers that it has postponed a plan to lift force majeure until December 20. Earlier, MSC had informed its customers that force majeure would be lifted on November 30th. On June 7, due to the interruption of production caused by the epidemic, MSC announced that it had encountered force majeure. When production is interrupted due to circumstances beyond the company's control, the company sometimes declares force majeure.

[Longji silicon wafer price reduction of more than 5% across the board may change the competition pattern of photovoltaic silicon wafer] since the beginning of this month, price reduction has gradually become the main tone of photovoltaic upstream. On December 16th, 601012.SH announced the latest offer for single crystal silicon wafers, with a drop of more than 5 per cent across the line. Longji shares said, "this is affected by the upstream market to make relevant adjustments." The company's silicon wafers are not only used internally, but also sold externally, and the reduction in the price of silicon wafers will bring about a certain cost reduction. "

[photovoltaic power generation has become the largest power expert in Qinghai: the cost is expected to drop by another 50% in the next 10 years.] according to data from the China Federation of Electric Power Enterprises, by the end of November 2021, the national installed capacity of grid-connected photovoltaic power generation reached 287 million kilowatts, an increase of 24% over the same period last year. The former largest photovoltaic power station in the world is located in Qinghai Province, with an installed scale of 2.2 gigawatts (1 gigawatt = 1 million kilowatts). It is understood that photovoltaic power generation has surpassed hydropower to become the largest power source in Qinghai Province. By the end of 2020, the total installed capacity of photovoltaic in Qinghai Province is 16 gigawatts, accounting for more than 30% of the total installed capacity of all kinds of energy in the province, and it is still improving rapidly. In the process of large-scale construction, the cost is also falling. Industry insiders say lower costs have also reduced photovoltaic dependence on subsidies. Since 2021, all new photovoltaic projects in Qinghai Province have basically said goodbye to subsidies and entered the era of cheap Internet access. Industry experts believe that the cost of photovoltaic power generation is expected to fall by another 50% in the next 10 years, and its share in the energy system will increase.

[general Administration of Customs: China's rare earth exports rose 4859 tons in November from a year earlier.] China exported 4859 tons of rare earths in November, up 86.1 percent from a year earlier, according to the General Administration of Customs. China's exports of refined oil products in November were 4.19 million tons, down 15.3 percent from the same period last year, of which gasoline exports were 810000 tons, down 35.8 percent from the same period last year. China imported 6.9 million tons of liquefied natural gas in November, up 5.5 per cent from a year earlier.

[SMM Express] on December 14, Dragon Magnetic Technology issued an announcement that the company received a notice from Vietnam Dragon Magnetic, and the Management Committee of Vietnam's Qianjiang Industrial Park approved Vietnam long Magnetic to resume production under conditions that meet the requirements for epidemic prevention and control. Vietnam Dragon Magnetic will strictly comply with the requirements of local epidemic prevention and control, make every effort to promote the work of resuming work and production, and ensure that production and operation are carried out in a safe and orderly manner.

[SMM News] Jinli permanent Magnet said on the investor interactive platform on December 13 that the technical threshold of high-performance NdFeB permanent magnet is higher. The company has mastered the independent core technology and patent system with grain boundary penetration technology as the core, and applied for a number of domestic and foreign invention patent authorization for the core grain boundary penetration technology. In the first three quarters of 2021, the company used grain boundary infiltration technology to produce 4336 tons of high-performance rare earth permanent magnet products, accounting for 55.24% of the company's total output of 7850 tons in the same period, an increase of 53.01% over the same period last year.

National Development and Reform Commission: from January to November this year, industrial power generation at and above the national scale was 7.3827 trillion kilowatt-hours, an increase of 9.2 percent over the same period last year, an increase of 11.3 percent over the same period in 2019, and an average increase of 5.5 percent in two years. In November, the country's electricity generation was 654 billion kilowatt-hours, an increase of 0.2 percent over the same period last year. Among them, nuclear power, wind power and solar power generation increased by 4.1%, 27.7% and 22.7% respectively compared with the same period last year, while thermal power and hydropower decreased by 2.5% and 1.9% respectively compared with the same period last year.

[northern rare earths: signed a strategic cooperation framework agreement with China rare Earth Holdings Co., Ltd.] Northern rare earths announced that it had signed a strategic cooperation framework agreement with China rare Earth Holdings Co., Ltd. The two sides strengthen exchanges on China's existing rare earth industry and business, and carry out cooperation in mining in the south and mineral energy in the north; the two sides cooperate in rare earth trade and deep processing to extend the industrial chain of rare earth cooperation; the two sides maintain close communication and consultation, make full use of China's rare earth overseas capital platform, invigorate the assets of both sides, and improve the industrial concentration of the two sides. According to the specific conditions of the project and the market, the two sides can adopt a variety of cooperation modes, and the two sides agree to provide each other with the most favorable conditions for cooperation to promote the healthy operation of the project, and a separate investment cooperation agreement will be signed for specific cooperation.

Terminal information

[Wang Bohua: next year's photovoltaic installation may exceed 75GW] on December 15, the 2021 annual meeting of China's photovoltaic industry was solemnly held in Chuzhou, Anhui Province. At the meeting, Wang Bohua, honorary chairman of China Photovoltaic Industry Association, made a speech on the theme of "opportunities and challenges for the development of China's photovoltaic industry". Wang Bohua believes that this year's photovoltaic installed capacity forecast will be lowered, from the original 55-65GW to 45-55GW, the development is not as expected due to the lag of indicators, rising prices and so on. However, the photovoltaic installed capacity in 2022, driven by the huge reserves of domestic photovoltaic projects, may increase to more than 75GW.

[household photovoltaic added 2.86GW in November! Cumulative 16.49GW] according to the information submitted by provincial energy authorities and Electroweb enterprises, and combed by the National Renewable Energy Information Management Center, the total installed capacity of the household photovoltaic project newly included in the national financial subsidy in November 2021 is 2.86 million kilowatts. By the end of November 2021, the total installed capacity of household photovoltaic projects on the scale of national financial subsidies in 2021 is 16.4886 million kilowatts.

[Tesla plans to invest more than 10 billion US dollars in Texas super factory] according to foreign media reports, Elon Musk, CEO of Tesla, said that Tesla will invest more than 10 billion US dollars in the new super factory in Austin, Texas. The new plant is crucial to Tesla's expansion plans in the United States.

[Volkswagen Group may sell less than 9 million vehicles worldwide in 2021 due to lack of core.] Volkswagen's global sales this year are expected to be slightly less than 9 million vehicles due to semiconductor bottlenecks dragging down car production, according to a report by German magazine Manager (Manager Magazin). Last week, Volkswagen cut its expected sales in 2021 from 9.3 million to 9 million, the report said. Volkswagen's cumulative global sales from January to November were 8.1688 million vehicles, down 1.7 per cent from a year earlier, according to Volkswagen sales figures released on December 12th.

[China Automobile Association: forecast that China's new energy vehicle sales will be 5 million in 2022 compared with the same period last year.] according to the China Association of Automobile Manufacturers, total car sales in China will be 26.1 million in 2021, an increase of 3.1% over the same period last year. Of these, passenger vehicle sales were 21.3 million, up 5.6% from the same period last year; commercial vehicle sales were 4.8 million, down 6.4% from the same period last year; and new energy vehicle sales were 3.4 million, up 1.5% from the same period last year. China's total car sales in 2022 were 27.5 million, up 5.4 per cent from the same period last year, of which passenger car sales were 23 million, up 8 per cent from the same period last year; commercial vehicle sales were 4.5 million, down 6 per cent from the same period last year; and new energy vehicles were 5 million, up 47 per cent from the same period last year.