Hot News

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  [SMM Analysis] Domestic Tin Ore Imports Surged in October, Unlikely to Maintain Current Levels in the Future

  In October, domestic tin ore imports reached 15,000 mt (equivalent to approximately 5,044 mt metal content), up 90.73% MoM, down 40.65% YoY, and increased by 1,185 mt metal content compared to September.

• Frequent Smog-Related Production Restrictions Lead to Nearly 20,000 mt Weekly Decline in Lead Ingot Social Inventory [SMM Survey]

  According to an SMM survey, as of November 21, the total social inventory of lead ingots in five regions tracked by SMM stood at 64,400 mt, a decrease of 19,900 mt compared to November 14, and a decrease of 20,600 mt compared to November 18.

• October refined lead imports fell by 93.59% MoM. What is the outlook for November? [SMM Analysis]

  According to customs data, in October 2024, refined lead exports were 1,886 mt, up 110.83% MoM but down 90.63% YoY.

• October Copper Cathode Imports Hit Yearly High: Reasons Behind It [SMM Analysis]

  According to data from the General Administration of Customs, China imported a total of 3.008 million mt of copper cathode from January to October 2024, up 6.67% YoY.

• NIO’s revenue in Q3 2024 drops YoY, but rises QoQ

  NIO reported total revenues of 18,673.5 million yuan (US$2,661.0 million) for Q3 2024, a slight decline of 2.1% compared to the same period in 2023 but a 7% increase over the previous quarter.