Hot News

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  Lead prices stabilize and consolidate, with limited rebound drivers for now [Institution's comment]

• [SMM Hydrogen Energy Policy Express] National Energy Administration: Innovate the Development Model of New Energy to Support Green Economic and Social Development

• [SMM Rare Earth Morning Meeting Summary] Both supply and demand of rare earths are tight, with prices running smoothly

  [SMM Rare Earth Morning Meeting Summary: Tight Supply and Demand for Rare Earths, Prices Stabilize] Yesterday, the prices of rare earth oxides generally remained stable. Given the difficulties in purchasing raw materials, separation plants showed low willingness to sell at low prices. With suppliers maintaining firm quotes, the price trend of oxides continued to stabilize.

• [SMM Steel Market Morning Briefing] White House Says Trump Signed Order to Raise Steel and Aluminum Tariffs, Effective from Early Morning of June 4

  The US White House issued a statement saying that President Trump had signed an order to raise tariffs on imported steel, aluminum, and their derivative products from 25% to 50%, effective from 00:01 a.m. on the 4th, Eastern Time. The statement indicated that tariffs on steel and aluminum imported from the UK would remain at 25%.

• [SMM Hydrogen Energy Policy Express] Beijing: The Municipal Bureau of Economy and Information Technology encourages foreign-funded enterprises to participate in the application of key scenarios such as hydrogen energy in the city