[Live: Sharing of Cutting-Edge Technologies in Electric Control and Drive Motors, Breakthrough Opportunities in the Low-Altitude Economy Industry Chain, and Forward-Looking Insights into the Electrification Transformation of Commercial Vehicles] ►Planning for Electric Control Inverter Brick Technology ►Discussion on Detection and Evaluation Technologies for Drive Motor Insulation in High-Voltage Platforms ►Development of Magnesium Alloy Electric Drive Housings and Lightweight Design ►Design Characteristics of Drive Motors in High-Voltage and High-Frequency Environments ►Deepening Route for New Energy Technologies: Concurrent Advancement in Pure Electric, Plug-in Hybrid, and Hydrogen Fuel Cell Technologies ►Key Technologies for the R&D of Multi-Rotor Flying Cars ►Application of Diversified Energy Systems in eVTOLs ►Rethinking the Challenges in the Low-Altitude Economy Industry Chain and Data Management

According to the General Administration of Customs of China, China imported 17.51 million tons of bauxite in May 2025, a decrease of 15.32% month-on-month and an increase of 29.43% year-on-year. From January to May 2025, China's cumulative bauxite imports reached 85.29 million tons, a year-on-year increase of 25.84%.

[Electric Drive System Conference | SMM: Copper Prices May Rise Again in Q4 Amid Macro Recovery & Worsening Ore Supply, Tight Balance in Supply and Demand to Support Fluctuating Uptrend in Aluminum Prices Throughout the Year] Ye Jianhua, General Manager of SMM Industry Research, delivered a speech on "Price and Cost Analysis of Electric Drive Metal Materials." He pointed out that in the early stage of 2025Q4, the effects of relatively loose fiscal policies in China and the US would become apparent, with expectations for global economic recovery gradually strengthening. However, the deterioration of ore supply would leave smelters facing a raw material shortage, leading to a further decline in global copper cathode production and a potential upward shift in the center of copper prices. Throughout 2025, the domestic supply side in China would gradually approach its capacity ceiling, with new capacity coming online mainly in Q4. Annual production growth would narrow to around 1.9%. Meanwhile, the development of new energy and other sectors in China would continue to drive primary aluminum consumption. Export orders from overseas markets would remain moderate, and the decline in aluminum consumption in the traditional construction sector in China would be limited. SMM expects aluminum consumption in China to increase by approximately 2.4% YoY throughout 2025. Additionally, despite the trend of the overseas market outperforming the domestic market in aluminum prices, net imports this year would exceed expectations and increase, partly offsetting the "capacity ceiling" constraints. However, overall supply would still be tight. Coupled with a significant reduction in casting ingot volumes, the center of aluminum prices would shift upward throughout the year.

[ADC12 Price Daily Review: ADC12 Prices Remain in the Doldrums, with Focus on Marginal Changes in Raw Materials and Demand] In the spot market, today's SMM A00 aluminum price fell by 50 yuan/mt from the previous trading day to 20,720 yuan/mt, while the domestic SMM ADC12 price decreased by 50 yuan/mt to 19,900-20,200 yuan/mt. Market quotes diverged amid the continued decline in aluminum prices.

[SMM Data: Domestic primary aluminum exports in May 2025 were approximately 32,000 mt, up 136.9% MoM and up 376.4% YoY] According to data from the General Administration of Customs, domestic primary aluminum exports in May 2025 were approximately 32,000 mt...

[According to SMM data, domestic primary aluminum imports in China were approximately 223,200 mt in May 2025, down 10.9% MoM and up 41.4% YoY.] Data from the General Administration of Customs showed that domestic primary aluminum imports in China were approximately 223,200 mt in May 2025...