[US Fed Interest Rate Cut Expectations Weaken, US Dollar Index Rises, Copper Prices Open Lower] Macro-wise, US Fed's Goolsbee reiterated support for further interest rate cuts and expressed openness to acting at a slower pace. As the market expects fewer interest rate cuts by the US Fed next year, the US dollar index has rebounded, putting pressure on copper prices.

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As of Thursday, September 12, SMM copper stocks in major regions nationwide decreased by 14,400 mt compared to Monday to 216,900 mt and by 38,800 mt compared to last Thursday.

On September 10, at the Huawei Harmony Intelligent Mobility Alliance’s product launch, AITO, the premium new energy vehicle brand jointly backed by Huawei and SERES, unveiled the new five-seat versi...

Copper prices have been rising since March 13 following a series of news about "possible production cuts by Chinese smelters." During this period, geopolitical factors, the US dollar trend, favourable macro front in China, and the COMEX short squeeze event pushed copper prices to a historical high in May. As bullish funds retreated from high levels and downstream operations suffered under high copper prices, leading to negative feedback on consumption, copper prices began to decline gradually from June. In early August, the market briefly traded on recession logic, with LME copper falling to $8,714/mt, then rebounding slightly to $9,200/mt. From June to August, during the continuous decline in copper prices, SMM copper cathode social inventory showed a significant destocking trend, but global visible inventory continued to build up.

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

The lithium market has been experiencing a tumultuous year, with prices continuing their downward spiral. In 2024, the trajectory of lithium carbonate prices has been a subject of concern for investors and industry players alike. The question on everyone's mind is: where will the bottom line be for lithium prices?

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