Shanghai base metals ended mixed on Wednesday November 25. Aluminium, the best performer, rose 1.65%, copper added 0.66% and nickel advanced 0.13%, while zinc shed 1%, lead declined 0.62% and tin fell 0.65%.
Although DCE iron ore futures market maintained relatively firm tendency, mills still perform to be tepid in purchasing due to the falling in steel products prices. The transaction prices of iron ore in the physical port stock market mixed with small ups and downs.
China Southern Rare Earth Group announced its latest listing prices for medium and heavy rare earth oxides. Prices of gadolinium oxide increased 3,000 yuan/mt to 176,000 yuan/mt, holmium oxide rose 60,000 yuan/mt to 505,000 yuan/mt, while terbium oxide prices soared 500,000 yuan/mt to 5.8 million yuan/mt.
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on November 25, 2020
China’s annual electric bicycle sales have exceeded 30 million units in the past few years, with social e-bike ownership rising close to 300 million units, and output of bikes over 1,000 yuan continues to increase, according to China Bicycle Association.
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