Shanghai Metals Market

Vehicle Production and Sales Hit a New High in October, New Energy Exports Exceed 2 Million Units for the First Time, Subsidies Suspended in Multiple Regions? [SMM Special Report]

From January to October, NEV exports reached 2.014 million units, up 90.4% YoY. Among these, passenger NEV exports were 1.944 million units, up 89.3% YoY; new energy commercial vehicle exports were 70 ...
Shanghai Metals Market

Magnesium Prices Remain Under Pressure at the Bottom as the Market Awaits Demand Recovery [SMM Magnesium Morning Meeting Minutes]

Prices Under Pressure at the Bottom, Market Awaits Demand Recovery] On November 18, Fugu magnesium ingot was quoted at 16,000-16,100 yuan/mt, with FOB prices at $2,240-2,340/mt. Magnesium prices found ...
Shanghai Metals Market

SHFE Aluminum Pulls Back Further, Spot Cargo Trading Sentiment Gradually Improves [SMM Aluminum Morning Meeting Minutes]

SHFE Aluminum Pulls Back Further, Spot Cargo Trading Sentiment Gradually Improves] Overall, driven by macro tailwinds and capital flows, aluminum prices surged higher. However, domestic fundamentals ...