SMM News Summary: Manufacturing PMI Declines, Metals Prices Fall, Energy Storage Market Reviewed, and Rare Earths Demand Prospects

【SMM Today's News Summary】

►National Bureau of Statistics: In May, the manufacturing PMI was 49.5%, indicating a certain decline in the boom level of the manufacturing sector.

►Metals prices mostly fell, with coke and alumina prices decreasing by more than 3%, and Shanghai silver, Shanghai copper, and Shanghai tin experiencing the largest declines.

►Interpretation of the impact of the 24th Action Plan for Energy Conservation and Carbon Reduction on the copper smelting industry.

►SMM: Review and Prospect of the Global Energy Storage Market from 2023 to 2030.

►SMM: Expected sustained increase in neodymium-iron-boron production in 2024, with prospects for demand in automobiles, wind power, home appliances, and other rare earths.