Nornickel Sees Severe Nickel Surplus 2023-2024, But Palladium Shortage In 2023

[SMMS Cast Aluminum Alloy Morning Comment: Cast Aluminum Alloy Fluctuates Upward, Policy Disruptions Intensify Tug-of-War Between Sellers and Buyers of Aluminum Scrap] The aluminum price surged significantly yesterday, with the SMM ADC12 price following suit, rising by 100 yuan/mt to 20,450 yuan/mt. Currently, the supply of aluminum scrap remains tight, leading to a general increase in prices, which in turn pushes up the cost of raw materials for secondary aluminum alloy. Additionally, recent news about the cancellation of tax rebates in multiple regions including Anhui and Jiangxi has led to a strong sentiment among enterprises to raise prices in response to the pressure of increasing costs.

SK On signed a three-year agreement with POSCO Pilbara Lithium Solution to secure up to 15,000 tons of domestically produced lithium hydroxide.

[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.

On September 20, Chinese autonomous driving solution provider Hyperview (as known as Hongjing Drive) announced the completion of its C1 round of financing, raising hundreds of millions of yuan, accord...

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...

Northvolt announced cost-cutting measures, including layoffs and the de-prioritization of cathode materials and battery storage production. The company will focus on cell production and sell, suspend or terminate non-core business units. Key steps include halting the cathode production at the Northvolt Ett, terminating the Northvolt Fem project, seeking new investors for Northvolt Dwa in Poland and etc. SMM believe that

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.

Abigail Ross Hopper, CEO of the USITC, said “The United States’ ability to lead the global clean energy transition and improve grid reliability depends on how quickly we expand domestic production and deploy the lithium-ion battery energy storage technology.”

The average operating rate of die-casting zinc alloy manufacturers was 47.27% last week, up 3.67 percentage points. Zinc prices stabilised during the week, and most die-casting zinc alloy manufacturers purchased as required, keeping raw material inventory stable. Production resumptions after the Chinese Dragon Boat Festival holidays bolstered operating rates.