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  Two Sessions Meeting: The key targets

  SMM has put together some key changes of the key targets from the latest China government work report.

• Operating rates across lead-acid battery producers: 7.14% higher at 75.6%

  Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces gained 7.14 percentage points on the week to 75.6%

• SMM Evening Comments (Mar 5): Nonferrous metals on the SHFE closed mostly lower, Nickel tumbled 6.7%

  SHFE nonferrous metals fell broadly on Friday March 5. Copper fell 1.76%, aluminium declined 1.68%, nickel tumbled 6.7%, lead weakened 1.31% and tin slid 1.52%, while zinc inched up 0.05%.

• MMi Daily Iron Ore Report (March 5)

  As of March 5, iron ore inventories across 35 ports tracked by SMM totaled 120.86 million mt, an increase of 1.22 million mt from the previous week and 10.7 million mt year-on-year. Daily average deliveries from the 35 ports decreased 190,000 mt on a weekly basis to 2.47 million mt last week as Tangshan banned port transport from March 3 to March 6 amid stricter environmental protection restrictions.

• Silicon social inventories rose 5,000 mt to 67,000 mt

  Social inventories of silicon metal across Huangpu port, Kunming city and Tianjin port expanded 5,000 mt from the prior week to 67,000 mt as of Friday March 5, SMM data showed.