Shanghai nonferrous metals closed mixed with most metals recorded gains as the US dollar index finally dropped after staying high for some time, and supported metals prices.

SHFE 2206 nickel contract hovered around 199,000 yuan/mt in early trading.

On April 28, CNIA held a press conference on the economic operation of non-ferrous metals industry in the first quarter in the form of video. Jia Mingxing, member of the Standing Committee of the Party committee and vice president of CNIA, said that at present, the lithium prices has been away from the fundamentals and hopes it can return to the industry itself.  In terms of supply and demand, we still need to do some work. We hope to increase investment in scientific and technological innovation in resource exploitation and make supply more abundant.

CATL recently disclosed the announcement of the prospectus for private placement, saying that the Company's current production capacity cannot meet the future market demand.

A total of 820,000 new energy vehicles were sold worldwide in March 2022, an increase of 43% month-on-month and 66% year-on-year. Among them, 619,000 pure electric models were sold, up 52% MoM and accounting for 75% of the total sales, while 211,000 plug-in hybrids were sold, up 28% MoM and accounting for 25% of the total.

Yangshan copper premiums stood at $13-35/mt under warrants today. The average price was $24/mt, flat from the previous trading day.

In the early trading yesterday, smelters lowered their quotes and offered quotations cautiously.

Shanghai and LME base metals closed mostly with gains Thursday after European natural gas prices rose more than 6% to hit the greatest three-week gain.

SHANGHAI, Apr 21(SMM) - According to the latest customs data, China’s imports of bauxite were 11,704,488 mt in March, an increase of 13.56% month-on-month and 15.62% year-on-year.