[SMM Metal Morning reference] Inner disk metals are rising one after another | Analysis of the import and export pattern of rare earths in China in November | the ternary materials giant smashed another 2 billion into lithium iron phosphate.

SMM Tin Morning News: fundamentals, domestic warehouse receipt inventory continues to decline, merchants overall discount shipments but still poor transactions. On the market trend, after the opening of 2202 contract night trading, the position fell back and then the price volatility slowed down to maintain the high narrow horizontal trading. 2201 compared with the main contracts, the performance of the contracts is stable, with little change in funds.

It is difficult to continue the smooth trend of the high price adjustment of SMM tin [Shanghai Tin Morning News]

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Minutes of SMM Steel Morning meeting: Liantie rebounded slightly yesterday, up less than 1% throughout the day. The main contract is about 2205 closing price 669.5, port spot traders quoted prices in early trading rose 5 yuan / ton compared with the previous two days, some traders actively shipped, steel mills continue to purchase on demand. The spot in the port has a general atmosphere today. Yesterday, the snail fluctuated in a narrow range, the spot decline narrowed, and the transaction was poor.

Iron ore rebounded slightly, thread spot drop narrowed [minutes of SMM Steel Morning meeting]

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Macro aspect:

In terms of crude oil, US crude oil futures prices closed higher on Thursday. Oil prices have been supported by signs of a decline in crude oil stocks as fears that the Omicron mutant is hampering the economic recovery have eased. Brent crude for February delivery on the London Intercontinental Exchange rose 9 cents, or 0.1%, to close at $79.32 a barrel. So far, Brent crude oil futures have risen for four consecutive trading days.

On the dollar side, the dollar stabilized on Thursday, with gains narrowing, and initial jobless claims in the United States fell unexpectedly last week, suggesting that demand for labor remains strong despite a new outbreak. The Fed's outlook, coupled with recent concerns about O'Micron, has supported the dollar, which is set for a second month of gains. The dollar rose 0.096 per cent against a basket of currencies, rebounding from a three-week low hit on Wednesday, when it was hit by a recovery in risk appetite. The euro fell 0.1% against the dollar to $1.1337, while the yen suffered across-the-board year-end selling pressure over the past week, with the dollar hitting its highest level since mid-November of 115.2 yen.

From a macro point of view today, we will focus on China's official manufacturing PMI in December and other data. in addition, on the eve of New Year's Day, trading in Brent crude oil futures contracts closed ahead of 04:00 Beijing time the next day. The New York Stock Exchange will be closed for the New year. No night trading will be carried out on the eve of New Year's Day, the last futures office, the big business office, the Zheng merchant office and the Shanghai gold exchange.

In the metal market:

In the metals market, (LME) aluminum prices rose on the London Metal Exchange on Thursday after two smelters cut production due to high electricity prices, raising fears of potential shortages. Alcoa (Alcoa) announced that its Spanish company San Ciprian would suspend production for two years, while Norway's Hydro (Norsk Hydro) announced that production at its majority-owned aluminum plant in Slovakia would be cut to about 60 per cent of total capacity.

Metals in the inner market rose across the board, while Shanghai Nickel Nickel continued to rise, closing up 1.22 per cent, hitting its highest level since the end of November and up 8.6 per cent from its low in mid-December. Shanghai zinc fluctuated in a narrow range, closing up 1.58%, recording an increase for the third trading day in a row.

Overnight black system weak operation, iron ore shock closed flat, coking coal slightly pulled up up 0.43%, coke, hot coil, thread one after another down, recorded a decline.

On the precious metals side, gold futures closed higher on Thursday despite a stabilisation of the dollar and higher US stocks. Investors saw the O'Micron mutant as less of a threat to economic growth, helping the dollar stabilize and U. S. stocks climb on Thursday, pushing the Dow and S & P 500 to new intraday highs.

"[overnight market] crude oil rose, inner disk metals rose one after another.

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U. S. stocks closed lower on Thursday, with the Dow down 90 points. The number of US jobless claims fell to its lowest level in 52 years last week, adding to the pressure on the Fed to accelerate monetary tightening. The market continues to assess the epidemic and the trend of US stocks at the end of the year. The surge in novel coronavirus infection and bad weather have forced a number of US airlines to continue to cancel flights in large numbers.

[brief Analysis of SMM: where will the Electroweb of countries with excess installed capacity of new energy go?] the power industry is an important industry to achieve carbon peak and carbon neutralization, and increasing the proportion of non-fossil energy installed (such as wind power, solar photovoltaic power, etc.) is an important way to achieve carbon reduction. In recent years, the installed capacity of new energy and the proportion of power generation are expected to increase significantly, some areas have declared excess, distribution network load is increasing, is facing major challenges. Electroweb is the key link of new energy consumption, in this context, the power system will face a great opportunity of upgrading and innovation. "View details

[SMM aluminum downstream weekly survey: comprehensive operating rate fluctuates slightly many plates have their own ups and downs] this week, the average operating rate of processing enterprises downstream of aluminum faucet is 67.6%, and all plates have their own ups and downs. From a product point of view, the main increase in the contribution of aluminum cables this week is mainly due to the resumption of production by pre-maintenance enterprises. The operating rates of leading enterprises of primary aluminum alloy, recycled aluminum alloy and aluminum profiles all fell slightly this week, on the one hand, due to insufficient downstream demand near the end of the year. "check the details

[SMM data: weekly inventory of domestic electrolytic aluminum decreased by 65000 tons to 799000 tons] on December 30, SMM statistics domestic electrolytic aluminum social inventory of 799000 tons, weekly reduction of 65000 tons, Wuxi, Nanhai, Gongyi and other major consumer areas mainly contributed to the warehouse. Inventory is down 40,000 tons from Monday, and the reduction in Wuxi's arrival contributes mainly to the warehouse. "View details

[national aluminum rod inventory weekly review: aluminum rod inventory increased by 5700 tons to 80300 tons compared with last Thursday] the latest aluminum rod inventory data from SMM statistics show that aluminum rod inventory has increased by 5700 tons to 80300 tons compared with last Thursday, an increase of 7.64%. This week, except for Nanchang, all the other four places showed tired storage. Among them, Huzhou and Foshan contributed the main increase, the inventory in Huzhou increased by 3000 tons, or 27.27%, compared with last Thursday, and the inventory in Foshan increased by 2900 tons, or 8.31%, compared with last Thursday. Towards the end of the year, most enterprises pay attention to capital flow and order control. Trading in the aluminum bar market is light, and the overall mood of receiving goods in the market is not good. "check the details.

SMM analysis: the ternary materials giant smashed 2 billion more into the Bureau Lithium Iron Phosphate! After the market on December 30, the long-term Lithium Branch, a leading enterprise of ternary materials in China, issued a notice to formally announce its entry into the lithium iron phosphate material industry. The announcement revealed that at the 21st meeting of the first session of the Board of Directors held on December 30, 2021, the company examined and passed the "motion on the investment of wholly-owned subsidiaries in the construction of a project with an annual production capacity of 60,000 tons of lithium iron phosphate cathode materials." "View details

[annual Review: 2021 Cobalt Lithium Mineral contention Fengyunlu Enterprises contend for Lithium Ore has involved more than 40 billion! Looking back on the coming 2021, under the explosive wave of new energy vehicles, "Grandma Cobalt" and "Grandpa Lithium" have undoubtedly become hot topics this year. With the shortage of upstream mining end leading to the rapid rise of cobalt salt and lithium salt prices, in order to stabilize enterprise costs, many middle and lower reaches enterprises have also embarked on the road of competing with upstream mining end enterprises for cobalt and lithium minerals. "View details

[SMM analysis: there are differences in the current trend of stainless steel. Is there any expectation for the coming year? Another round of strong rise in stainless steel futures, which fluctuated for nearly a week before, and market sentiment slowly fell back, but today's red wave runs counter to the lightness of the spot market, and may usher in another wave of rally and rush for goods tomorrow. Many people are concerned about how to get to 304 next year, and are there any expectations before the end of the year? "check the details.

[SMM thread inventory: supply slightly increased & demand weakening inventory decline significantly narrowed] prices have plummeted during the threading period this week, electric furnace steel production has been upside down, enthusiasm has declined slightly, but blast furnace production has resumed production in some areas, overall building materials production has increased slightly, and factory depots have accumulated; the social treasury has maintained a declining level, but the seasonal decline in demand is inevitable, and the decline in total inventory has been significantly narrowed. "View details

[SMM steel downstream PMI briefing: cold winter, epidemic situation caused steel downstream demand decline] December 2021 PMI composite index was 48.28, a month-on-month decline of 1.70, a year-on-year decline of 0.36. After the quarterly adjustment, the composite index was 49.91, up 0.10 from the previous month and down 0.92 from a year earlier. "View details

[SMM hot rolls: the inventory of hot rolls before the inventory festival continued to decline this week] the total inventory of hot rolled coils this week was 2.9104 million tons, compared with-75900 tons last week,-2.54% compared with the previous week, and-6.81% compared with the same period last year. This week, hot volume total inventory, social inventory and in-plant inventory all continued to decline month-on-month. "View details

[SMM comment: analysis of China's rare earth import and export pattern in November] rare earth minerals are the main imports of China's rare earth products. From the perspective of the import structure of rare earth ores in Myanmar, the decrease in the proportion of concentrate imports and the increase in the proportion of oxide imports are the change trend of imported ores in the future. From January to November 2021, China imported 18000 tons of unlisted rare earth oxides, of which 15600 tons were imported from Myanmar, accounting for 87 percent of total imports, up from 75 percent in 2018. China's rare earth products are mainly exported to NdFeB permanent magnets. China exported 4156 tons of rare earth permanent magnets in November, down 0.5 per cent from the previous month. Approaching Christmas, overseas procurement has entered the off-season, and the demand for overseas procurement is weak. The main reduction area of NdFeB permanent magnet export is Europe, and the main increment area is the United States. Among them, the number of rare earth permanent magnets exported to Europe in November was 1462 tons, down 17% from the previous month; exports to the United States were 668 tons, up 37% from the previous month. "View details

[SMM titanium tetrachloride spot KuaiBao titanium tetrachloride price remains stable] affected by the high operation of raw material high titanium slag, the quotation of titanium tetrachloride enterprises remains stable. At present, the mainstream quotation of titanium tetrachloride (99.9%) in the market is 8000-8500 yuan / ton. "View details

[SMM Manganese Mine Daily Review: temporary stable Operation of Manganese Ore] December 30th, northern ports: Australian mine 42-43 yuan / tonnage; 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. At present, the production limit of the downstream manganese alloy market is not known, and the current alloy profit is meagre, the future trend is not clear, and near the end of the year, the manufacturers are not willing to prepare goods, and the reduction of manganese ore inventory is not obvious. However, the miners hang upside down obviously, and it is difficult for mineral prices to go down, and prices will operate steadily in the short term. "check the details.

[SMM Silicon Manganese Daily Review: mainstream steel recruitment has not yet carried out market wait-and-see mood] on December 30, the northern market Si-mn 6517 (cash) 7750-8000 yuan / ton, the southern market Si-mn 6517 (cash) 7800-8350 yuan / ton. Due to the gradual development of steel moves towards the end of the month, coupled with the storm of production restrictions in the north, the price-raising mentality of the ironworks is obvious, but the market wait-and-see mood is stronger; while in the south, more production is stopped due to cost problems, and this month's output is less, and this round of steel recruitment may increase the price difference between the north and the south. Generally speaking, before the mainstream steel moves are settled, traders are more cautious in buying, market wait-and-see, and prices may be stable and strong in the short term. "check the details.

[SMM: individual demand release manganese price firm uplink] Today, individual steel mills opened a tender for manganese products, as the national manganese factories will enter the January production reduction cycle, manufacturers are not willing to ship at a low price, according to some businesses said that by the end of this year, electrolytic manganese inventory can basically cover on-site demand, SMM expects supply to stagnate and look at future demand changes, manganese prices will temporarily stabilize around 3.7-38000 yuan / ton in the week. "View details

[the Peruvian government has yet to reach an agreement on the restart of MMG's Las Bambas mine.] the Peruvian government is far from reaching an agreement to ensure the resumption of MMG's huge Las Bambas copper mine, a community consultant and a government source said on Wednesday, a day before a critical meeting with the local community, a road blockade in the local community derailed the mining company's operations.

[Alcoa San Ciprian smelter plans to stop production for two years] according to SMM, Alcoa reached an agreement on the future of the San Ciprian smelter on December 29th. The agreement calls for a two-year reduction in the smelter's annual capacity of 228000 metric tons and promises to restart the smelter in January 2024. The reduction will begin on January 1, 2022, with the goal of completing it by the end of January 2022. During the outage, Alcoa will seek to secure a long-term electricity purchase agreement as soon as possible from 2024.

[Guojin Securities: expected shortage of 110000 tons of electrolytic aluminum in 22 years to maintain a tight balance between supply and demand] Guojin Securities pointed out that there is an expected shortage of 110000 tons of electrolytic aluminum in 22 years, and supply and demand maintain a tight balance. The supply side is close to 45 million tons of ceiling for a long time, and the production capacity of Yunnan and Guangxi in the short term is expected to be partially released with the alleviation of energy consumption in the short term. Demand-side real estate and manufacturing have rebounded, demand and supply are relatively stable in 22-23, and industry supply and demand maintain a tight balance.

[Huilong Co., Ltd. produces 100000 tons of aluminum profiles project officially completed and put into production in Xuancheng] on December 29th, Huilong shares annual production of 100000 tons of aluminum profiles project was officially completed and put into production in Xuancheng. The project has a number of digital workshops, environmental protection and energy conservation, photovoltaic and industrial aluminum profiles and other advanced equipment, first-class management of the standardized production line, officially completed and put into production today. The completion and commissioning of the project will also have a positive and far-reaching impact on Huilong shares to further accelerate transformation and upgrading, achieve innovative development, and accelerate the formation of a new engine to promote green and high-quality development.

[high energy prices Alcoa to stop production of Spanish aluminum smelters for two years] Alcoa (AA) will stop production of electrolytic aluminum at its Spanish plant, Europe's second-largest aluminum plant, for two years in response to the recent surge in energy prices in Europe. Aluminium Dunkerque Industries France, Europe's largest aluminium smelter, announced production cuts in early December at a time when energy costs hit an all-time high last week, adding to the financial pressure on heavy industry.

On December 29th, the Ministry of Industry and Information Technology, the Ministry of Science and Technology, and the Ministry of Natural Resources jointly issued the "14th five-year Plan for the Development of the Raw material Industry," the Ministry of Industry and Information Technology, the Ministry of Science and Technology, and the Ministry of Natural Resources jointly issued the "14th five-year Plan for the Development of Raw Materials Industry." It is mentioned that it is necessary to promote the implementation of ultra-low emissions in the iron and steel industry, and study and promote the implementation of ultra-low emissions in key industries such as chemical industry, coking, electrolytic aluminum, copper smelting, lead and zinc smelting, cement, glass, refractories, graphite deep processing, ceramics and other key industries.

[long-term Lithium Science plans to build an annual production of 60,000 tons of lithium iron phosphate cathode material project in Changsha] long-term Lithium Science (688779.SH) announcement, the company's wholly-owned subsidiary Hunan long-term Lithium Phosphate New Energy Co., Ltd. ("long-term new energy") plans to invest in the construction of an annual production capacity of 60,000 tons of lithium iron phosphate cathode material project, with a total investment of about 2.088 billion yuan. The technical design of the project is the process route of heat treatment and modification treatment after the precursor is mixed with lithium salt. Construction of the project is scheduled to begin in January 2022 and put into production in April 2023.

[Grimmei has recycled 36000 tons of cobalt resources over the past 10 years, the amount of cobalt resources recycled annually is 2.2 times that of China's original cobalt mining.] on the 20th anniversary of the founding of Grimme, Professor Xu Kaihua first said that over the past 20 years, Greenmei has built a 10-million-ton nickel-cobalt-tungsten-lithium "urban mine" in China, and the annual recycled cobalt resources are more than 2.2 times the amount of raw cobalt mined in China. Recycled nickel resources account for 8% of China's original nickel mining, and recycled tungsten resources account for more than 5% of China's original tungsten mining.

[Yongtai Science and Technology annual output of 6000 tons of hexafluorophosphoric acid and other projects enter the trial production stage] Yongtai Technology (002326.SZ) issued an announcement that the company's holding subsidiary Shao Wuyong Taigao New Materials Co., Ltd. (hereinafter referred to as "Yongtai Gaoxin") "annual output of 6000 tons of lithium hexafluorophosphate project" and "annual output of 400t lithium difluorosulfonimide project" production workshop has completed the installation and commissioning of equipment. The trial production plan was reviewed and approved by experts on December 27, 2021. The project has the conditions for trial production and has officially entered the stage of trial production.

[Sinosteel International and Indonesia Stargate sign 2x33MVA Ni-Fe alloy project EPC contract] according to Sinosteel International, on December 28, Sinosteel International signed another success in a cloud contract-the wholly-owned subsidiary Sinosteel equipment Co., Ltd. formally signed the 2x33MVA Ni-Fe alloy project EPC contract with Indonesia PT Stargate Mineral Asia.

[Indonesian Minister of Industry: currently operating nickel smelter has invested US $15.7 billion] the Indonesian Minister of Industry said that the current nickel smelter operating in Indonesia has invested US $15.7 billion. This is the message delivered by Industry Minister Agoos on Tuesday, December 28, 2021.

Recently, the trial production plan of Inner Mongolia Star Chemical Co., Ltd., a holding subsidiary of Henan Star Technology Co., Ltd., has been reviewed and approved by the expert group, with the conditions for commissioning and commissioning, and can officially enter the trial production stage. [star Science and Technology: the company's announcement on the conditions for trial production of 120000 tons of high-performance silicone polymer] recently, Inner Mongolia Star Chemical Co., Ltd., a holding subsidiary of Henan Star Technology Co., Ltd.

[Silicon continuous price reduction tends to end components return to 1.80 yuan to boost downstream installation] Silicon prices have fallen continuously, and component prices have fallen back on Synchronize. According to the recent bidding situation, the components have returned to the range of 1.8 yuan per watt. Photovoltaic industry insiders told the Financial Associated Press that without a significant increase in other supporting costs, the current price can ensure that most power stations have 8 per cent IRR invested. According to the previous news, the IRR red line required by central enterprises for photovoltaic power stations is generally 6-6.5%, and the overall situation next year is relatively optimistic.

[the prices of some medium and heavy rare earths listed on December 28th in South China rose slightly] A few days ago, southern rare earths announced the latest listing prices of medium and heavy rare earth oxides. After the prices of various varieties of medium and heavy rare earths fell last week, some varieties rose slightly this week, among which samarium oxide, europium oxide, terbium oxide, ytterbium oxide, lutetium oxide and scandium oxide were the same as last week, while gadolinium oxide increased by 4000 yuan per ton. Holmium oxide up 10, 000 yuan / ton, erbium oxide up 5000 yuan / ton, yttrium oxide up 5500 yuan / ton, dysprosium oxide down 10, 000 yuan / ton.

On the evening of the 29th, China Science and Technology Sanhuan issued a performance forecast for 2021. From January 1, 2021 to December 31, 2021, the net profit belonging to shareholders of listed companies was 330 million yuan to 490 million yuan, an increase of 155.18% to 278.90% over the same period last year. Net profits belonging to shareholders of listed companies after deducting non-recurring profits and losses were 300 million yuan to 460 million yuan. An increase of 172.66%-317.17% over the same period last year.

Baosteel shares 9Ni steel continuous casting set a new domestic record! The output is expected to reach 30,000 tons in 2022] recently, the first-line steelmaking team of Baosteel has continuously overcome many technological difficulties, such as precise logistics organization and scheduling, efficient converter dephosphorization, precise control of refining composition, billet surface quality control, and so on. Through logistics optimization of production organization, smelting and continuous casting technology improvement, seven furnaces of continuous casting of 9Ni steel in a single tundish have been successfully completed for the first time, with a single production capacity of more than 2000 tons. Create a new domestic record for continuous casting of 9Ni steel.

Terminal information

According to the latest data released by South Korean research firm SNE Research, the total amount of batteries used in electric vehicles registered worldwide reached 250.8 GWH in the first 11 months of this year, an increase of 112.1% compared with the same period last year, according to the latest data released by SNE Research, a South Korean research firm, according to the latest data released by South Korean research firm SNE Research. Among them, the battery usage of electric vehicles registered worldwide in November was 33GWH, an increase of 81.4% over the same period last year.

As the world's leading lithium resource and lithium salt deep processing enterprise, Ganfeng Lithium has kept a low profile in lithium battery manufacturing for many years. Ganfeng Lithium, which is controlled by Ganfeng Lithium, has been quietly developing for about 5 years and has come to prominence in 2021.

"Lithium Battery" will become the hottest technical word in 2021. Will the more than 12 unfamiliar companies be exposed to the light? Recently, according to the annual inventory released by the media, lithium batteries and new energy vehicles are among the top 10 technical keywords in 2021. The rapid surge in the prices of lithium-related products this year has also triggered heated discussions in the industry. According to the historical price of SMM, as of December 30, the average spot price of domestic battery-grade lithium carbonate has soared to 271500 yuan / ton, up 218500 yuan / ton from the beginning of the year, or 412.26%.

According to foreign media reports, battery manufacturer Northvolt said that its new super factory in northern Sweden has produced its first battery, making it the first European company to design and manufacture batteries in continental Europe. The battery is a square battery, thinner and lighter, and was officially offline on December 28.

[Indonesia will benefit from increased demand for nickel and its government supports electric vehicle battery program] Indonesian President Joko is very optimistic that the development of electric vehicle battery will be carried out in accordance with the Indonesian government's plan. The Indonesian government is working closely with investors in the battery industry and car companies. The government is also strongly committed to improving domestic technology to support the electric vehicle battery program.

[Tianyu Ecology plans to set up a subsidiary to carry out distributed photovoltaic integration and other businesses] Tianyu Ecological Environment Co., Ltd. issued a notice on the establishment of a holding subsidiary with foreign investment, the announcement said, the company plans to set up Shanghai Tianyu Ecological Energy Technology Co., Ltd. (tentative name) with its own capital of RMB 300 million. To carry out "distributed photovoltaic integration" power station development, investment, construction and operation and other related business. Tianyu Ecology said that this foreign investment is conducive to the company's strategic transformation and existing business upgrading, in line with the company's development strategy and the national development goal of "carbon peak, carbon neutralization". The company will invest and develop some distributed photovoltaic power stations according to its resources in project development and project management, combined with the ongoing "rural revitalization" projects, or self-investment and self-construction of distributed photovoltaic integrated power stations with excellent business conditions. in the long run, it will have a positive impact on the future business development of the company, in line with the interests of all shareholders and the requirements of the company's development strategy. The holding subsidiary established by this foreign investment will be included in the scope of the company's consolidated statement.

[the first HJT PECVD of Jinchen has passed the verification of the production line] after the installation and commissioning of the first HJT PECVD equipment independently developed by Jinchen was completed in early August this year, the process flow sheet was started on the Jinneng science and technology production line, and the efficiency of the first battery sheet reached 22.8%. After more than three months of continuous hardware improvement and process optimization, the average efficiency of the battery produced by the equipment has reached 24.38% (open voltage Voc745mv, filling factor FF84.5%), and the convergence of the efficiency distribution is very high, and the average efficiency of the optimal batch is 24.55%.

[Lenovo takes a stake in chip manufacturing enterprises] Tianyan check shows that recently, industrial and commercial changes have taken place in Shenzhen Yixin Information Technology Co., Ltd., adding Lenovo (Beijing) Co., Ltd. as shareholders. Shenzhen Yixin Information Technology Co., Ltd. was established in November 2021, the business scope includes integrated circuit chip and product manufacturing and so on.