Operating Rate Of Die-Casting Zinc Alloy Manufacturers Climbed Last Week

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...

According to the General Administration of Customs of China, China imported 15.0007 million mt of bauxite in July 2024, up 12.49% MoM. This was also up 16.50% YoY, marking another historical high for monthly imports.

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

Last night, LME copper opened at $9,120/mt.

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?

Yesterday, LME copper was closed due to the UK summer bank holiday. Overnight, the most-traded SHFE copper 2410 contract opened at 74,850 yuan/mt, initially reaching a high of 75,070 yuan/mt, then narrowly fluctuated downward, hitting a low of 74,690 yuan/mt near the end of the session, and finally rebounded to close at 74,960 yuan/mt, up 0.83%. Trading volume reached 34,000 lots, and open interest reached 160,000 lots. Macro side, the eastern Libyan government announced the cessation of all oil production and exports, causing international oil prices to surge, which in turn pushed copper prices up. Additionally, US Fed's Daly stated that it is appropriate to start cutting interest rates now, but it is too early to determine the extent of the cuts. Fundamentally, a large amount of imported copper flowed into domestic trade over the weekend, increasing the supply of copper cathode in the spot market, causing premiums to fall under pressure. On the consumption side, as copper prices rose, downstream buyers were hesitant to purchase, leading to inactive procurement. As of Monday, August 26, SMM national copper stocks in major regions slightly decreased by 100 mt from last Thursday to 283,400 mt, continuing the destocking trend, but the decline significantly slowed down. Total stocks were still 206,000 mt higher YoY compared to 77,400 mt last year. In terms of prices, copper prices are expected to have some upward potential.