[China Telecom Awards Over 1.4 Billion Yuan in Communication Battery Contracts to Five Lead-Acid Battery Manufacturers]

[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.

[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.

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[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.

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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.