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  COMEX Prices Rose All the Way, Secondary Copper Raw Material Traders Switched to LME Contract Quotations [SMM Secondary Copper Daily Review]

• Aluminum Wire and Cable Enterprises to Take Collective Leave Next Week; Post-Holiday Order Expectations Vary [SMM Analysis]

  January 17, 2025— According to SMM, aluminum wire and cable enterprises are expected to transition into the holiday phase next week. Some top-tier enterprises indicated that their production schedules are expected to remain favorable, with production departments maintaining operations even during the Chinese New Year. However, more enterprises, considering labor costs, plan holiday arrangements around the national holidays, with most resuming work between the eighth and tenth day of the lunar calendar, and have largely completed raw material stockpiling. Regarding post-holiday production plans, enterprises provided varying feedback. Based on statistical data, the State Grid's delivery volume in Q1 next year is still expected to decline. SMM believes that the status of orders on hand varies among enterprises, with staggered delivery periods likely. Additionally, due to temperature differences between the north and south, end-user enthusiasm for cargo pick-up varies across regions...

• Chinese SoC designer Visinex Technology bags nearly 100 million yuan in latest funding

  Chinese intelligent SoC (System on Chip) design company Visinex Technology recently closed its new financing round, which raised for the company nearly 100 million yuan, according to China's company q...

• Dongfeng Nissan's N7 model reportedly to hit market in May 2025

  Dongfeng Nissan’s N7 model has been included in the latest catalogue released by China's Ministry of Industry and Information Technology (MIIT).

• GAC Group, Huawei's Intelligent Automotive Solution BU conduct joint operation

  GAC Group announced that its 78th Board of Directors meeting approved the establishment of the GH Project Company (provisional name), with a registered capital of 1.5 billion yuan.