英文新闻发布111

[SMM Magnesium Morning Meeting Summary: Magnesium Prices Hover Near the Bottom, with the Tug-of-War Between Cost Support and Weak Demand Continuing] Currently, the magnesium ingot market is fluctuating rangebound. Market supply remains low, and purchasing enthusiasm is gradually declining. Overall, under the combined influence of cost support and weak demand, it is expected that magnesium ingot prices will maintain a stable operation pattern in the short term.

On June 5, the 2025 Indonesia Mining Conference & Critical Metals Summit, hosted by SMM Information & Technology Co., Ltd. (SMM), supported by the Indonesian Ministry of Foreign Affairs as a government supporter, and co-organized by the Association of Indonesian Nickel and Bauxite Ore Producers (APNI), Jakarta Futures Exchange, and China Coal Resource, successfully concluded at the Pullman Jakarta Central Park Hotel in Indonesia.

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Rare earth

A company in Hunan successfully closed a deal for 1,000 mt of bismuth concentrate [[SMM Bismuth Market Tracking Report]]

Copper Field Trip

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

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[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 23, BYD announced the simultaneous market launch of two new compact SUVs: the Sealion 05 DM-i and the second-generation Song Pro DM-i.