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  (Pending) Release of SMM Metal Production Data for April 2025

  The SMM monthly production data for base metals is scheduled to be released at the month-end, aiming to uncover the true state of the fundamentals from the essence, dispel the illusions of the capital market for industry chain professionals and investors, and enable them to grasp the future direction of the non-ferrous metals market more clearly.

• SMM Analysis: NdFeB Production May Increase Slightly in 2025, with Rising Demand from NEVs, Home Appliances, and Robots as Highlights

• Secondary Lead Production Plummeted in May Due to Dual Pressures from Raw Materials and Sales【SMM Analysis】

  In May 2025, secondary crude lead and refined lead production plummeted due to weak demand and tight scrap supply. Despite potential June recovery, raw material constraints and market slumps may lead to further production halts or delays.

• The futures market remained in the doldrums before the holiday, while spot prices stabilized temporarily [SMM Manganese-Silicon Futures Review]

  [SMM Ferrosilicon Futures Review: Futures Market in the Doldrums Before the Holiday, Spot Prices Remain Stable] The SM2509 contract opened at 5,520 yuan/mt, fluctuated downward after the morning session, and eventually closed at 5,478 yuan/mt, down 1.40%. The daily high was 5,520 yuan/mt, and the low was 5,450 yuan/mt. Trading volume was 256,958 lots, and open interest was 487,256. On the raw material side, the supply surplus of manganese ore persisted, and market transactions were sluggish. On the futures side, the SiMn futures market remained in the doldrums before the holiday, driving spot prices to also weaken. On the spot side, SiMn producers maintained firm quotes, but downstream steel mills were cautious in their SiMn purchases. Attention should still be paid to the actual transaction situation in the SiMn market after the holiday.

• Chery Automobile establishes centralized intelligent tech hub to accelerate smart mobility strategy

  In a major move to advance its intelligentization strategy, Chery Automobile has consolidated its subsidiaries Lion Tech and ZDRIVE.AI along with related operations from its R&D headquarters to establ...