SMM survey: what kind of metal do you like most in 2022?
SMM tin morning news: fundamentals, the spot performance is stable, the domestic warehouse receipt inventory is reduced. In addition to the expected resumption of Burmese mineral supply this week, the supply and demand side is still in balance. Market trend, Shanghai tin 2201 contract fluctuations lack of bright spots, the overall maintenance of narrow horizontal market finishing, funds continue to leave the market to the new main contract. To sum up, due to the stable performance of spot prices, affected by the spot trend of Shanghai and tin to maintain a high horizontal market probability.
"the trend of Shanghai and tin continues to move forward with the replacement of horizontal contracts steadily [SMM Tin Morning News]
"Click to view the price of SMM tin products
SMM Steel Morning meeting minutes: yesterday even iron pullback, the main contract 2205 closing price of 693.5, down 0.43% throughout the day. The price offered by spot traders at the port was stable in early trading compared with the previous day. Some business quotations are relatively strong; yesterday's snail fell weakly, and there was a certain pullback in spot stocks all over the country, and the transaction was poor. According to SMM research, the operating rate of blast furnace this week is 77.35%, which is 1.04% higher than the previous week.
"Lian tie has pulled back and the snail weakens slightly [minutes of SMM Steel Morning meeting]
"Click to view the price of SMM steel products
Summary of SMM Cobalt Lithium Morning meeting: the price of electrolytic cobalt rose slightly this week. The price of domestic electrolytic cobalt is lower than that of overseas, and the price of electrolytic cobalt salt is upside down. The production of electrolytic cobalt remains low and the supply is less. Superimposed domestic magnetic material export orders increased, electrolytic cobalt prices may continue to rise. Cobalt sulfate prices rose slightly this week, the current domestic spot shortage, increased costs, prices rise.
"the accumulative installation of power batteries 128Gwh in November before some lithium salt enterprises in Qinghai stopped signing orders [minutes of SMM Cobalt Lithium Morning meeting]
"Click to view the price of SMM new energy products
Macro aspect:
The dollar index edged lower on Wednesday, closing 0.47% lower at 96.02, and risk appetite has improved since Monday, dragging the dollar down for three consecutive days. However, the dollar index is still close to the one-and-a-half-year high of 96.938 set on November 24, as the Fed is expected to be closer to raising interest rates.
In terms of crude oil, crude oil futures rose on Wednesday, with both cloth oil and US oil both up more than 2%. Us crude oil inventories fell more than expected, dispelling fears that the spread of the O'Micron variant could hit economic activity.
Today's macro aspect focuses on the number of initial jobless claims in the United States in the week ended December 18, the monthly rate of personal expenditure in the United States in November, the annual rate of the core PCE price index, the University of Michigan Consumer confidence Index in December and GDP after quarterly adjustments in Canada in October.
In the metal market:
In the metal market, boosted by the relief of novel coronavirus's epidemic worries and the decline of the US dollar, the overnight outer disk metal except Lunxi floated red, and the performance is very commendable. Among them, lun zinc closed up 3.43% to reach a two-month high due to continuing supply concerns. Lunal followed with an increase of 2.56 per cent. Lunxi copper, lead and nickel all rose more than 1%, while Lunxi closed down 0.28%.
Metals in the inner plate closed higher, while Shanghai Zinc and Lun Zinc Synchronize rose, closing up more than 2.8 per cent. Shanghai Aluminum rose 1.89%. Shanghai lead and Shanghai nickel both rose more than 1%. Shanghai tin posted the smallest increase of 0.21%.
The black line is green except stainless steel. Stainless steel closed up 1.52%. Iron ore fell after surging yesterday, closing down more than 2.5 per cent overnight, hot rolls down 0.89 per cent and threads down 0.83 per cent. In terms of double coke, coking coal rose 0.18%, while coke fell 0.11%.
In precious metals, gold prices rose on Wednesday, boosted by a fall in the dollar and lingering concerns that a variant of Omicron could hamper the global economic recovery.
"[overnight market] Metal closed higher across the board, zinc prices in the two cities rose sharply, Lun Zinc rose by more than 3%.
"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 nickel products
U. S. stocks closed higher on Wednesday, with major stock indexes rebounding for the second day in a row. The Dow rose 261.19 points, or 0.74%, to 35753.89; the Nasdaq rose 180.81, or 1.18%, to 15521.89; and the S & P 500 rose 47.33, or 1.02%, to 4696.56.
[SMM research: a picture shows the new photovoltaic copper consumption in major regions of the world in the next few years] under the concept of carbon peak and carbon neutralization, the wind power, photovoltaic and other renewable energy industries will usher in a construction peak. However, due to the influence of supply chain prices and other factors, the installed capacity of China's photovoltaic industry in 2021 is not as large as expected and is expected to be reduced. Wang Bohua, honorary chairman of China Photovoltaic Industry Association, pointed out that the forecast of China's photovoltaic installed capacity in 2021 will be lowered from 55-65GW to 45-55GW. But it said. "check the details.
[SMM analysis: alumina imports decreased by 28.05% month-on-month in November] according to the Chinese Customs, alumina imports were 157900 tons in November, down 28.05% from the previous month and 36.7% from the same period last year. Imports totaled 3.071 million tons from January to November in 2021, down 9.6 percent from the same period last year. China exported 7800 tons of alumina in November and 115900 tons from January to November in 2021. Net imports of alumina were 150100 tons in November and 2.9551 million tons from January to November 2021. "View details
[SMM analysis: European energy concerns lead to bulls restless Shanghai aluminum rose 2.56 per cent] European energy prices once again triggered concerns about rising production costs of electrolytic aluminum, rising nearly 4 per cent overnight, and today's domestic Shanghai aluminum performance is also relatively strong, keeping a high level in early trading and pulling up in the afternoon, the main force of Shanghai aluminum once again stood at the integer mark of 20000 yuan / ton, closing up 2.56 per cent in the day. Affected by the shortage of energy supply in Europe and the sharp rise in electricity prices, the market is worried that there may be electrolytic aluminum production restrictions in Montenegro, Germany and other countries at the end of the year, thus giving some bulls confidence in entering the market. SMM believes that the short-term focus on the continued fermentation of the impact of electricity in Europe. "View details
[SMM brief comment: energy shortage causes European aluminum companies to limit production worries about Shanghai Aluminum's sharp rise] on December 22nd, Lun Aluminum and Shanghai Aluminum rose by nearly 1% in the afternoon, approaching US $2800 / ton. Shanghai Aluminum's main force stood again at the integral mark of 20000 yuan / ton, closing up 2.56% at 20045 yuan / ton in the day. It is reported that affected by the shortage of energy supply in Europe and the sharp rise in electricity prices, the market is worried that there may be electrolytic aluminum production restrictions in Montenegro, Germany and other countries at the end of the year, thus giving some bulls confidence in entering the market. According to SMM statistics, the current electrolytic aluminum production capacity in Western Europe is about 5 million tons, accounting for 6% of the world's total production capacity. At the end of November, the annualized production capacity of electrolytic aluminum in Western Europe is about 3.26 million tons, with an average operating rate of 65.2%. The overall operating rate is at a low level this year.
[SMM analysis: under the export advantage, the export volume of China's aluminum profiles is expected to drop slightly in December compared with the previous month.] according to customs data, the export volume of China's aluminum profiles (tariff no. 76041090 76041090) in November 2021 was 88100 tons, an increase of 18% over the previous month and 5% over the same period last year. Among them, the volume of exports to the European Union was 6100 tons, an increase of 17% over the previous month, an increase of 19% over the same period last year, accounting for 6.95% of the total export volume, accounting for 0.09% of the total export volume. "check the details.
[SMM analysis: bauxite imports dropped 19.25% month-on-month in November] according to the General Administration of Customs, China imported 7.701 million tons of bauxite in November 2021, a decrease of 19.25% from the previous month and 4.39% from the same period last year. In terms of ore imports by country, Guinea imported 3.2302 million tons, a decrease of 25.46% from the previous month and 17.16% from the same period last year. At present, Guinean ores mainly carry out long orders, the price of bauxite is relatively low, and enterprises purchase more on demand. Try to avoid high port storage costs in the port due to hoarding of ore. "check details.
[SMM Petroleum Coke] December 22, today the domestic petroleum coke market continues to rise, from the weekend to now, the highest increase has reached 600 yuan / ton increase, the refinery shipment situation is excellent, the recent low-sulfur petroleum coke is more prominent. This week, Zhonghai Asphalt Petrochemical raised its ex-factory price by 300 yuan per ton, which is good news for other low-sulfur refineries. At the same time, the inventory of various refineries is in a low position, so that prices can continue to rise, but in the later stage, we should pay attention to the situation of petroleum coke in the port. If the domestic price rises to the same level as the price of imported petroleum coke, the port inventory may result in a substantial increase in the supply of petroleum coke in the market, affecting the price.
[SMM analysis: the only two main reasons for the general rise of metals are lead] since the night of December 21, lead in Shanghai has become the only green presence in the atmosphere of the general rise of basic metals in China. Close to the day's close today, although the main force of Shanghai lead rose, but failed to reverse trading, and finally recorded a drop of 0.23% to 15515 yuan / ton. "check the details.
[SMM analysis: refined zinc imports fell more than 66% year on year in November and are expected to continue low in December] the latest customs data released by the General Administration of Customs showed that in November 2021, imports of refined zinc were 21100 tons, down 66.4% from the same period last year and 48.61% from the previous month. A total of 221 tons of refined zinc were exported, that is, a net import of 20800 tons in November 2021. Cumulative imports from January to November 2021. "View details
[SMM analysis: Shanghai Nickel stopped falling and rebounded, but the demand for nickel in the two major consumption chains is still weak] SMM analysis, affected by macro factors, crude oil uplink led to a general rise in non-ferrous metals, nickel prices followed, while pure nickel inventory is still at a low level, there is also a certain support for nickel prices. Basically in the face of nickel price support is still not obvious, the spot market stainless steel and new energy consumption chain demand for nickel is weak. Short-term SMM expects nickel prices to maintain range volatility. "View details
[Foshan stainless Steel Daily Review: the spot price of stainless steel is basically flat, there are many inquiries, but the transaction is weak.] on December 22, the price of stainless steel in Foshan market is still stable. However, most of the market believes that the previous price increase is a chemical reaction in conjunction with the production reduction and maintenance of large steel mills near the last procurement period of this year, but the purchasing season is nearing the end. "check the details.
[SMM Daily Review: high-carbon ferrochromium trading light sustained price weakness] December 22nd Inner Mongolia high-carbon ferrochromium quotation of 8700-8900 yuan / 50 base tons, down 150 yuan / 50 base tons compared with the previous trading day. The output of high-carbon ferrochromium is high, and under the influence of production reduction in steel mills, the supply of high chromium is oversupplied and the turnover is relatively light; the production cost in the south is higher, and the quotation of iron mills is higher than that in the north on average; recently, the price of chromium ore has risen, and the price of coke has stopped falling. Coupled with the increased willingness to raise prices in neighboring steel mills, the price of high-carbon ferrochromium is expected to be weak in the near future. "
[SMM News] with the further tightening of supply towards the end of the year, there are more coal mines in Gujiao area of Taiyuan that have stopped production, and some state-owned coal mines have also stopped production one after another because of the completion of the task for the whole year. In terms of prices, coal prices continue to rise.
[SMM blast furnace operating rate: production leveling control has basically achieved the resumption of blast furnace production] according to the survey of SMM, the blast furnace operating rate calculated by SMM was 77.35% on December 22nd, with a weekly increase of 1.04% and a monthly increase of 0.44%. Crude steel production data are released, with the exception of a few regions, the overall crude steel output has not exceeded last year's target. "View details
[SMM Hangzhou thread weekly inventory: screw decline & inventory low spot transaction is significantly weaker] the spot price of Hangzhou thread rose and fell this week. As of December 22, the social inventory of building materials in Hangzhou was 204000 tons, down 26000 tons from last week and 11.30% month-on-month. A decrease of 39000 tons over the same period last year, a year-on-year decrease of 16.05%. "check the details.
[SMM Coke Market depth Analysis: can Coke rise again] Coke prices have rebounded since late November, reflecting the strong expectation of the market for the large-scale resumption of steel production in December and the strong expectation of the demand for replenishment in winter. However, the operating rate of blast furnace in steel mills remains low. Under the background that the demand of steel mills has not actually improved, the demand increment of coke is limited, and most steel mills are mainly purchasing on demand. In the short term, the contraction of coking coal supply is expected to support the price of coking coal, which in turn will support the price of coke, making the game of coke and steel enterprises in a balanced state. "check the details.
[SMM Daily Review: market shipments of manganese ore in the north are stronger than those in the south] on December 22nd, the northern ports: 42-43 yuan / tonnage of Australian mine, 33-34 yuan / tonnage of hemicarbonate mine in South Africa, 40-41 yuan / tonnage of Gabon mine, 42-43 yuan / tonnage of Brazilian mine and 33-34 yuan / tonnage of ferromanganese mine in South Africa. Southern ports: Australian mine 43-44 yuan / tonnage, South African hemicarbonate mine 35-36 yuan / tonnage, Gabon mine 41-42 yuan / tonnage, Brazilian mine 43-44 yuan / tonnage, South African high iron ore 34-35 yuan / tonnage. There are more shutdowns in the southern market. "check the details.
[SMM Silicon Manganese Daily Review: the spot quotation is chaotic and the transaction is mainly low] on December 22nd, the northern market Si-mn 6517 (cash) 7650-8000 yuan / ton, the southern market Si-mn 6517 (cash) 7800-8350 yuan / ton. At present, due to market rumors of the transformation of the Inner Mongolia mine hot furnace news, the spot quotation is more chaotic, there is a phenomenon of standing price in the market, although the mood led to the spot quotation raised, but the specific transaction is still mainly low price. "check the details.
[SMM Daily Review: trading is weak and the price of electrolytic manganese falls strongly] on December 22nd, the spot quotation of mainstream electrolytic manganese manufacturers was loosened to 39-40,000 yuan / ton. As the terminal steel enterprises entered a state of production reduction and suspension, electrolytic manganese traders have increased their willingness to deal at low prices. SMM understands that although. "check the details."
[SMM Daily Review: the problem of ore supply in Xinjiang remains] on December 22nd, the price of metal silicon of various specifications is basically stable, and only a few grades have been adjusted. Tianjin Port oxygenated 55x silicon is 20300-20500 yuan / ton, 42m silicon is 23000-23500 yuan / ton. "check the details.
[SMM molybdenum spot KuaiBao: steel mills bid quantity and price to support the stability of the molybdenum city] on December 22nd, the mainstream transaction price of 45% molybdenum concentrate in China is 2300-2310 yuan / tonnage, which is more stable than that of yesterday; the mainstream transaction price of 60% ferromolybdenum in China is 14.9-155000 yuan / ton, which is more stable than yesterday. SMM believes that at present, the short-term market as a whole is still in short supply. According to estimates, the overall bidding volume in December is expected to exceed 8000 tons. Therefore, before New Year's Day, the domestic molybdenum market is expected to continue to rise. "check the details.
[SMM Analysis: Ministry of Ecology and Environment: Shaanxi Yulin Orchid carbon Industry fails to eliminate Environmental problems] in December 2021, Shaanxi, the third Eco-Environmental Protection Supervision Group of the Central Committee, found that some places in Yulin City failed to eliminate the backward production capacity of Lan carbon, the illegal construction problems were frequent, the mode of production was extensive, and the environmental problems in industrial parks were prominent. "View details
[SMM magnesium ingot spot KuaiBao: magnesium City maintains weak operation] magnesium City maintained weak operation in the middle of the week, transaction prices continued to decline, some factories suspended quotations, and the market as a whole was relatively deserted. It is learned from a domestic trader that with the approach of Christmas, the atmosphere of overseas holidays is getting stronger, the decline of foreign orders is obvious, and domestic trade is dominated by rigid demand. Under this influence, it is normal for high magnesium prices to fall under pressure. According to SMM analysis, "check the details."
[SMM Daily Review: towards the end of the year, the supply of rare earths is tight and the quotations for mainstream products are strong] near the end of the year, enterprises' accounts payable, salaries payable and other items are facing even accounts, some of them have loan repayment pressure, financial pressure expands, and the demand for purchasing and replenishment continues to be weak. The quotation of praseodymium and neodymium oxide in large production enterprises is strong, and the mainstream price is 845000 yuan / ton. Small production enterprises and some trading enterprises are forced to ship a small amount of goods due to the demand for cash flow, and the market for praseodymium and neodymium oxide has a small turnover of 840000 yuan / ton or less. "check the details.
[the prices of heavy rare earths in the listing prices of rare earths in the South have fallen one after another] A few days ago, the prices of heavy rare earths in the south announced the latest listing prices of medium and heavy rare earth oxides. The prices of various varieties of medium and heavy rare earths have dropped somewhat this week, with only holmium oxide increasing by 30, 000 yuan per ton. yttrium oxide increased by 500 yuan per ton, while europium oxide decreased by 5000 yuan per ton, gadolinium oxide by 5000 yuan per ton, and terbium oxide by 150000 yuan per ton. Dysprosium oxide is reduced by 20,000 yuan / ton, erbium oxide by 10,000 yuan / ton, lutetium oxide by 50,000 yuan / ton, samarium oxide and scandium oxide are the same as last week. "View details
[Lunding Mining acquires Josemaria copper and gold project for US $483 million] Lunding Mining will acquire Josemaria Resources' copper and gold project in San Juan, Argentina, for approximately C $625 million. The acquisition will increase Lunding's copper and gold production by 50 per cent and 140 per cent, respectively, compared with Lunding's production guidance of 258000 to 282000 tonnes of copper and 153000 to 163000 ounces of gold in 2022. "View details
[Voerde and Hamburg smelters of Trimet Aluminium, an European primary aluminum producer, have announced a 30 per cent reduction in annual production capacity.] according to relevant reports, following Montenegro KAP, Voerde and Hamburg smelters of European primary aluminum producer Trimet Aluminium have also announced capacity cuts due to rising energy prices in Europe. It is reported that due to the high spot raw materials and energy prices of the two smelters, as well as the large increase in electricity prices in Germany, both smelters are currently unprofitable. The reduction accounts for about 30% of the annual capacity of the two smelters. The annual production capacity of Voerde is 95000 tons and that of Hamburg is 130000 tons. It is expected that the capacity of the two smelters will be reduced by about 70, 000 tons per year. So far, the Essen smelter, which is also located in Europe, has not disclosed the expected production reduction. The Essen smelter has an annual capacity of 165000 tons. "View details
[Shandong Ecological Environment Department issued the 14th five-year Plan to deal with Climate change (draft for soliciting opinions) curbing the blind development of the "two high" projects is strictly forbidden to increase the production capacity of electrolytic aluminum] the opinion paper points out that around the work goal of reaching the peak of carbon dioxide emissions in our province by 2030, carbon peak and carbon neutralization must be incorporated into the overall layout of the province's economic and social development and ecological civilization construction. To promote high-quality economic and social development and high-level protection of the ecological environment in our province. We will resolutely curb the blind development of the "two high" projects. It is strictly forbidden to add new electrolytic aluminum production capacity and steadily promote the transfer of electrolytic aluminum production capacity outside the province. "View details
[Changzhou Aluminum Co., Ltd. plans to build 220 million yuan recycled aluminum project] on December 21, Changaluminum shares issued an announcement, the company held the 18th (interim) meeting of the sixth board of directors on December 21, 2021 to consider and pass the "motion on investing in a 100, 000-ton recycled aluminum plate, strip and foil project". It is agreed that 100, 000 tons of recycled aluminum plate, strip and foil project will be invested by Baotou Changaluminum, a wholly-owned subsidiary, with a total investment of about 220 million yuan.
[Yunnan Fast Aluminum Alloy Wheel Hub Project was put into production] December 20, Yunnan Fast Automobile Wheel Manufacturing Co., Ltd. annual production of 2 million pieces of aluminum alloy automobile wheel hub automation production line construction project commissioning ceremony was successfully held at the project site of Yunnan Fuyuan Industrial Park.
[Blackhill aluminum producer KAP may be shut down due to electricity prices] it is reported that Montenegro aluminum producer Kombinat Aluminijuma Podgorica (KAP) may face shutdown because of high energy prices. According to data, when KAP paid 45 euros per megawatt for energy in its previous contract with EPCG, electricity accounted for 40% of KAP's production costs. After the energy contract expires, KAP will face high energy costs, so Montenegro Uniprom announced that it will gradually shut down the KAP aluminum smelter. "View details
[Rusal launches at Taishet's new low-carbon aluminum smelter] Rusal, the world's leading aluminum producer, has launched the first phase of pilot production at the world's most advanced low-carbon aluminum production plant, the Taishet aluminum smelter in Siberia. The move further fulfills Rusal's commitment to decarbonization in its operational and consumer product chain. The smelter, which uses the most advanced technology, is one of the most environmentally friendly smelters in the world, using clean energy provided by the Siberian hydropower station, equipped with modern gas purification equipment and a closed water circulation system. The impact on the environment is minimal. Its carbon dioxide emissions are one of the lowest in the industry. "View details
[IAI: global primary aluminum production fell to 5.497 million tons in November, down 0.2% from a year earlier.] Global primary aluminum production fell to 5.497 million tons in November, down 0.22% from a year earlier, according to data released on Monday by the International Aluminium Association ((IAI)). IAI estimates that China's primary aluminum production in November was 3.16 million tons, down from 3.207 million tons in the same period last year.
[SMM lead concentrate processing fee investigation] near the end of the year, smelters have carried out long order negotiations on concentrate in 2022, but according to the preliminary survey of SMM, although the mine is actively selling, due to the recent lead concentrate processing fees slightly lower than the psychological price of the smelter, there are not many actual transactions of long orders at the end of the year, and refiners are generally on the sidelines, and it is expected that most long order plans will be delayed to be signed after the Spring Festival.
[tin producer MSC sets a deadline for force majeure] Malaysian smelting group (MSC) has set a date for the release of force majeure. In a notice sent to ITA by MSC, the company announced that it would no longer act under the force majeure clause from midnight on December 20, 2021. "View details
[tin is the target of San Bartolome mine expansion] Andean precious metals company (APM) has confirmed the launch of an expansion study for its San Bartolome mine (San Bartolom é mine), which is an important step in its strategic plan to extend the life of the mine, which may include tin production. The Andes has completed all the drilling required for FDF mineral resource estimates and plans to issue a statement in January 2022. "View details
According to the latest Resources and Energy Quarterly report released by the Australian Ministry of Industry, Science, Energy and Resources, the average price of nickel in 2021 is expected to be $18388 per tonne, 34 per cent higher than in 2020. [DISER: 2021 nickel price rally in the early stage is driven by demand and later driven by supply] according to the latest Resources and Energy Quarterly report released by the Australian Ministry of Industry, Science, Energy and Resources. Consumption of stainless steel and strong demand for electric car batteries contributed to early gains, while supply-side shocks contributed to later gains. "View details
[GE Pai Nickel Cobalt completes C+ round financing will expand nickel salt and cobalt salt production capacity] on December 20, GE Pai Nickel Cobalt completed C+ round financing. This round of financing has been highly recognized by many investment institutions, led by Pacific Century Capital and Shengshi Capital, followed by Yuntai Capital and Lishui State Capital, and Jinsha Capital (Shagang Group) continued to follow this round. "View details
[global nickel surplus is 59000 tons per year in Global Palladium Fund:2022] the commodity research institute Global Palladium Fund has released a forecast that the global nickel surplus is expected to be 59000 tons in 2022. Analysts expect the surplus to be concentrated in low-grade nickel pig iron (NPI), largely depending on the expected increase in Indonesian supply. "View details
[Noront chooses Wyloo's latest offer to compete for nickel further] Noront Resources said on Tuesday that it chose to accept the latest offer from Australian billionaire Andrew Forrest's Wyloo Metals, giving BHP Billiton five working days to match the offer. However, the world's largest miner said later in the day that it did not see "sufficient long-term value" to increase its offer of C $0.75 a share to match Wyloo's offer. "View details
[Turkey's Il Group will acquire Abba's largest ferrochrome producer Albchrome] it is reported that Albchrome, a subsidiary of the Albanian Balfin Group, will be sold to the Turkish chrome mine producer (Yildirim). Robert Yildirim, CEO of the Il Group, said the group would complete its acquisition of Albchrome by the end of January 2022. The deal will be an all-cash acquisition and the amount of the deal has not yet been announced. The final price will be determined based on Albchrome's existing inventory. Albchrome is the largest producer of chromium ore and ferrochrome in Albania, with an annual chromium ore capacity of 146000 tons, and the Il Group is an enterprise group engaged in mining, port and chemical operations in 28 countries.
[clean lithium mine developer LKE will start drilling work on its three lithium projects next year to expand potential lithium resources] December 16, 2021, clean lithium mine developer Lake Resources NL began new drilling in Lake's wholly-owned Olaroz, Cauchari and Paso lithium salt water projects in late January 2022, with plans to drill 10 holes and 4000 meters, aimed at expanding its lithium mine projects and potential resources. "View details
The price of cobalt is as high as 490000 / ton! Will the price of cobalt salt continue to rise next year after brushing a new high for three years in a row? Recently, the rising prices of cobalt and lithium have triggered a heated discussion in the market, and predictions about their prices have emerged one after another. And in the future generally optimistic background, cobalt prices today ushered in another wave of rise. According to the historical price of SMM, as of December 22nd, the average spot price of electrolytic cobalt was 487000 yuan / ton, rising 3000 yuan / ton in a single day, approaching the price of 490000, a record high in the past three years. "View details
[China's lithium carbonate import and export data for November] in November 2021, China's lithium carbonate imports were 4094 tons, down 61 per cent from the previous month and 40 per cent from the same period last year. Of this total, Argentina imported 991tons, down 45 per cent from the previous month, while Chile imported 2940 tons, down 66 per cent from the previous month. From January to November 2021, China imported 73789 tons of lithium carbonate, an increase of 63% over the same period last year. In November, China's lithium carbonate exports were 680 tons, up 13% from the previous month and 15% from the same period last year. From January to November 2021, China's cumulative export volume of lithium carbonate was 7609 tons, an increase of 8 percent over the same period last year.
[China Lithium hydroxide November Import and Export data] in November 2021, China's lithium hydroxide export volume was 5973 tons, down 4% from the previous month and an increase of 13% over the same period last year. Of this total, exports to South Korea were 3245 tons, down 22 percent from the previous month; exports to Japan were 2633 tons, up 31 percent from the previous month. From January to November 2021, China exported 66014 tons of lithium hydroxide, an increase of 34 percent over the same period last year. In November, China imported 54 tons of lithium hydroxide, a decrease of 93 percent from the previous month, an increase of 671 percent over the same period last year. From January to November 2021, China imported 3218 tons of lithium hydroxide, an increase of 752% over the same period last year.
[Jiangte Motor: the company extracts the main product lithium mica from lithium porcelain stone by mining its own lithium porcelain stone and extracts feldspar powder, tantalum and niobium and other by-products] Jiangte Motor said on the investor interactive platform on December 21 that by mining its own lithium porcelain stone, the company extracted the main product lithium mica from lithium porcelain stone, and extracted feldspar powder, tantalum and niobium and other by-products, realizing the comprehensive utilization of lithium mining and separation. Lithium mica is the main raw material for the preparation of lithium carbonate, which is deeply processed by the company. Feldspar powder is an important material for manufacturing ceramics and glass. Tantalum and niobium are used in national defense, aerospace, electronic computers and other fields. Feldspar powder and tantalum-niobium are sold by the company.
[Yahua Group: the comprehensive production capacity of lithium salt products of the company will reach more than 100000 tons by 2025] according to the survey, the company currently has a comprehensive design capacity of about 43000 tons. Another 50, 000 tons of battery-grade lithium hydroxide, 11000 tons of lithium chloride and its products project has started construction. By 2025, the company's comprehensive production capacity of lithium salt products will reach more than 100000 tons.
Mining giant Rio Tinto will buy Argentina's Rincon lithium mine for $825 million to speed up its foray into battery materials. Mining giant Rio Tinto said Tuesday it will buy Rincon assets in Argentina for $825 million from private equity buyers. The lithium salt project is located in the so-called lithium triangle in South America. Rio Tinto said the undeveloped project had the potential to produce battery-grade lithium carbonate. Earlier, Rio Tinto's $2.4 billion lithium mine project in Serbia was met with mass protests from local environmentalists and citizens, making it difficult to make progress. Once completed, the project will have an annual capacity of 58000 tons of lithium carbonate, 160000 tons of boric acid and 255000 tons of sodium sulfate, making it the largest lithium mining project in Europe. "View details
[Vale sells Mozambican coal business to promote non-core divestiture plan] Brazilian mining giant Vale announced Tuesday that it has agreed to sell its Moatize coal mine and export railway in Mozambique to Vulcan Minerals, owned by Jindal Group of India. Over the past decade, Vale has suffered a setback on its Moatize coal mine project and failed to increase production as planned. Earlier this year, Vale announced that it would withdraw from the coal industry altogether in the future, aiming to focus on its core business and reduce its carbon footprint.
[iron ore prices are going crazy this year] Iron ore may have had its craziest year ever. Prices rose above $230 a tonne in May, a record, then fell to about $85 in November and are now 50% last week in just six weeks. UBS expects the average price of iron ore to be $85 a tonne in 2022. Capitol Macro expects the price to be $70 by the end of next year. The Singapore futures market, which has averaged $157 so far in 2021, rose for the fifth day in a row at around $128 on Wednesday.
[overseas Mine Trends] in December 2021, BHP Billiton and China Baowu successfully completed the settlement of cross-border iron ore pilot transactions worth about US $11 million on the EFFITRADE platform. EFFITRADE is a cross-border trade service platform owned by Ouye Financial Services, a subsidiary of China Baowu Group, the world's largest steel company, using blockchain technology. In this pilot, the participants realized the online transmission of transaction information and transaction documents through the platform, simplified the post-transaction operation process under the traditional business model, improved efficiency, and formed a mutual trust and reliable cooperation mechanism. Blockchain technology helps to achieve paperless trading, which is particularly important during the novel coronavirus epidemic. In addition, the second transaction between the two sides laid the foundation for carbon emissions reporting based on the iron ore value chain. BHP Billiton will also continue to explore the possibilities in this area.
According to foreign media reports, the Vale-BHP joint venture was suspended from operation from the end of 2015 to December 2020 due to the collapse of a tailings dam in Mariana, Minas Gerais. Production this year is expected to reach 7.7 million tons, or 26 percent of total capacity, the company said. Smaarco is gradually resuming production and we will operate a second mineral processing line in Germano in 2026, which will more than double the production capacity of Ubu No. 3 pelletizing plant. It is estimated that 2030 will be able to reach full capacity production, with a production capacity of 30 million tons.
[a coke enterprise in Shanxi issued an announcement of an increase of 100 yuan] on December 22, a coking enterprise in Shanxi issued a coke increase notice: to all coke purchasing units: first of all, thank customers for their strong support to our company for many years! since November, the supply and demand form of the coke market has changed greatly. at present, coke enterprises are generally operating losses and profits are upside down; coupled with the influence of national policy regulation and control, the coke supply produced has been greatly reduced. In view of the current situation, in order to ensure the quality of coke products and maintain normal production and sales operation, the company has decided that from 0: 00 on December 23, 2021, the ex-factory price of coke will increase by 100 yuan per ton, and customers who accept the price increase of our company will give priority to delivery. Hope to understand and support, and work together to overcome difficulties. I hereby write to inform you!
[Ministry of Industry and Information Technology issued 2021 carbon neutralization special industry standard revision project plan] the Ministry of Industry and Information Technology has completed the 2021 carbon neutralization special industry standard revision project plan. It includes project plans for iron and steel industry and non-ferrous industry, including project name, cycle, competent department, focal unit, etc., in which the project cycle varies from 18 to 24 months. "View details
SMM News: the semiconductor sector is strengthening this country set a goal: to become the first in the world! The semiconductor sector strengthened in intraday trading on December 22. as of around 14:20, Jiangfeng Electronics was up more than 6%, Weir shares were up more than 5%, Jingfang Technology and Shengbang shares were up more than 4%, Ruixin Micro and Xinpengwei were up one after another. "View details
According to the latest data from the Silicon Industry Branch of China Nonferrous Metals Industry Association, the price range of domestic single crystal re-feeding materials this week is between 23.3 and 243000 yuan / ton. the average transaction price fell to 238600 yuan / ton, with a weekly decline of 4.94%, according to the latest data from the Silicon Branch of China Nonferrous Metals Industry Association. The price range of single crystal compact material is 23.1-241000 yuan / ton, and the average transaction price dropped to 236200 yuan / ton, a weekly decline of 5.14%.
[SMM comment: Longbai Group is expected to make a net profit of 5.7 billion yuan plus new energy for the whole year of 2021.] recently, Longbai Group issued a forecast of its results for 2021. From January 1 to December 31, 2021, the net profit belonging to shareholders of listed companies is 4.5773732 billion yuan to 5.7217165 billion yuan, an increase of 100% to 150% over the same period last year. "View details
[Minmetals rare earths: strategic restructuring of rare earth assets by Chinalco, China Minmetals, Ganzhou Municipal Government, etc.] Minmetals rare earths issued a notice saying that after being studied by the State-owned assets Supervision and Administration Commission of the State Council and submitted to the State Council for approval, it is agreed that Chinalco, China Minmetals and the people's Government of Ganzhou City will carry out strategic restructuring of related rare earth assets. "View details
Guangsheng Nonferrous said on the investor interactive platform on December 22 that the company's annual rare earth mining target is 2000 tons, all of which are medium and heavy rare earth mines, but it cannot be fully used due to capacity restrictions. Please refer to the company's annual report for specific production.
[Venus Metals discovers rare Earth anomalies in Western Australia] Venus Metals has discovered abnormal rare earth, gold and palladium mineralization in its Mangaroon North project, adjacent to Dreadnought's potential nickel-copper PGE deposit in Gascoyne, Western Australia. Preliminary geochemical reconnaissance surveys have outlined a number of target areas, and Venus plans to conduct extensive exploration through geochemical sampling, geophysical surveys and drilling tests in 2022. "View details
[Kyrgyzstan promotes out-of-court settlement with Centerra on Kumtor Gold Mine] Kyrgyzstan is promoting an out-of-court settlement with Canada's Centerra Gold to resolve a dispute over the confiscation of the company's Kumtor gold mine in the state and legal challenges between the two sides, according to a source close to the government. Centerra launched an arbitration against the Kyrgyz government in May after it took over the country's largest mine on suspicion of posing a threat to human life or the environment. "View details
[announcement of SMM: on changing the name of magnesium alloy AM50 and magnesium alloy AM60] after in-depth research by SMM, in order to make the price of SMM more in line with the magnesium market and better serve the customers of the magnesium industry, SMM will change the name of "magnesium alloy AM50" to "magnesium alloy AM50A" on December 27th; change the name of "magnesium alloy AM60" to "magnesium alloy AM60B". Thank you for your consistent support to the SMM industry! "View details
Terminal information
According to foreign media reports, on December 20, the Investment Review Commission of Taiwan's economic authorities said in a statement that TSMC had obtained approval to set up a chip factory in Japan. TSMC is considering building the chip plant in Kumamoto prefecture, Japan, which will use Sony-owned land, close to Sony's image sensor plant. The new plant will produce chips for cars, camera image sensors and other products and is expected to start production in 2024, according to people familiar with the matter. "View details
[top Group: plans to invest 1.5 billion yuan to build production base of various product lines of new energy vehicles in Shapingba District of Chongqing] Top Group announcement, the company and the people's Government of Shapingba District of Chongqing signed a "Top New Energy vehicle lightweight chassis system and interior sound insulation system production base project cooperation agreement". The company plans to invest 1.5 billion yuan in Shapingba District of Chongqing to build the production base of various product lines of new energy vehicles by stages.
[Toyota will suspend production at five Japanese plants in January] Toyota said on December 20 that production at five Toyota plants in Japan would be suspended in January due to supply chain problems, chip shortages and the COVID-19 epidemic. The shutdown will affect production of about 20, 000 vehicles.
The US Environmental Protection Agency has tightened final emissions requirements, limiting carbon emissions to 161 grams per mile in 2026, which could translate into fuel economy value of 40 miles per gallon. "View details
On December 20, the China Association of Automobile Manufacturers announced that 15 group standards, such as the Code for the Construction of shared Exchange stations for Electric passenger vehicles, part 1: general principles, have been formulated in accordance with the procedures for the revised Management measures for the Standard system of the China Association of Automobile Manufacturers (trial version). It has been examined and approved by the China Association of Automobile Manufacturers, and is now approved for release. "View details
[the supply chain says the Apple Car will be released earlier than September 2022.) there are media reports that Apple's first electric car, the Apple Car, is expected to be released early. According to a supply chain official, Apple recently put forward stock preparation requirements to Taiwan auto parts factories such as Hutchison University, Trade Federation-KY, Heqin, Futian and other Taiwan auto parts factories in accordance with the practice of iPhone material preparation and hastening, and included relevant industry companies in the first batch of the supply chain. In response, some key supply chains have confirmed that Apple expects to release the Apple Car, in September at least two years earlier than originally planned, and that its prototype has been tested on the road in California. Although some of the named manufacturers are quite low-key, but recently, many auto parts manufacturers have begun to speed up the pace, vaguely revealing the atmosphere that a big Apple Car order is coming.
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