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  [SMM Rare Earth Morning Meeting Summary] Rare earth oxide prices rise, market holds a wait-and-see attitude

  [SMM Rare Earth Morning Meeting Summary: Rare Earth Oxide Prices Increase, Market Sentiment Leans Towards Wait-and-See] Yesterday, the inquiry activity in the rare earth market improved. Driven by the procurement of major manufacturers and news-related factors, suppliers raised their quotes for medium-heavy rare earths, and low-priced supplies quickly tightened. However, the prices of Pr-Nd remained relatively stable.

• Magnesium ingot market consolidates at a low level, and the effectiveness of capacity expansion remains to be seen [SMM Magnesium Morning Meeting Summary]

  [SMM Magnesium Morning Meeting Summary: Magnesium Ingot Market Consolidates at Low Levels, Effect of Capacity Expansion Yet to Be Seen] SMM reported on July 4 that magnesium product prices remained stable overall today. Fugu magnesium ingot was quoted at 16,100-16,200 yuan/mt, with FOB prices at 2,220-2,300 US dollars/mt; the mainstream tax-included ex-factory price of magnesium alloy was 17,700-17,900 yuan/mt, with FOB prices at 2,480-2,510 US dollars/mt; the tax-included ex-factory price of magnesium powder was 17,400-17,600 yuan/mt, with FOB prices at 2,370-2,450 US dollars/mt. In the raw material market, dolomite was quoted at 78-128 yuan/mt, and ferrosilicon at 5,600-5,700 yuan/mt.

• 【SMM Analysis】Sodium-ion Battery Industry Accelerates Forward in June, with Layout and Breakthroughs Interweaving to Create a New Industry Landscape

  Amidst the surging tide of global energy transformation, sodium-ion batteries (sodium-ion batteries), with their unique advantages such as abundant resource reserves, low cost, and excellent low-temperature performance, are gradually emerging as a shining new star in the new energy sector.

• Social inventory continues the trend of inventory buildup, with high temperatures and off-season consumption impacting orders [SMM morning comment on cast aluminum alloy]

  [SMM Morning Comment on Cast Aluminum Alloy: Social Inventory Continues to Build Up, Orders Affected by High Temperature and Off-Season Consumption] Aluminum prices continued to rise slightly on Thursday, while the secondary aluminum market continued to struggle to catch up. The SMM ADC12 price range remained stable at 20,000-20,200 yuan/mt. Entering July, factors such as high temperatures during the off-season and high aluminum prices continued to impact downstream orders, prompting some downstream companies to initiate production cuts.

• Price fluctuations of solar cells intensify, while overall wafer transactions remain relatively weak [SMM Silicon-based PV Morning Meeting Summary]

  [SMM Silicon-Based PV Morning Meeting Summary: Increased Price Volatility for Solar Cells, Relatively Weak Overall Transaction Volume for Wafers] The market price for N-type 18X wafers is 0.85-0.9 yuan/piece, and the price for N-type 210RN wafers is 1.18-1.2 yuan/piece. The transaction price for Topcon 183N solar cells (with 25% efficiency or higher) is 0.225-0.23 yuan/W; for Topcon 210RN, it is 0.245-0.25 yuan/W; and for Topcon 210N solar cells, it is around 0.24-0.25 yuan/W. HJT 30% silver-coated copper (with 25% efficiency or higher) has recently stabilized at 0.35-0.36 yuan/W.