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![Tariff disruptions have led to downward pressure on copper prices, with the inversion of the price spread between SHFE copper and BC copper showing contraction [SMM BC Copper Commentary]](https://static.metal.com/price.metal.com/3.1.14/image/news-default.png)
[[SMM Analysis] Review of Anode Material Market in H1 2025 Under the Influence of Multiple Factors]] SMM reported on July 9: From January to February 2025, affected by the Chinese New Year holiday, the end-use market demand showed a weak trend, and the production schedule of battery cells remained low accordingly. After entering March, the market gradually recovered, with battery cell production increasing by 14.3% MoM, showing signs of recovery. However, from April to May, due to the lagging effect of the price increase transmission of anode materials in the early stage, the growth rate of production schedules for lithium battery enterprises slowed down. In June, affected by unfavourable factors such as the cancellation of the mandatory energy storage allocation policy, the growth rate of production schedules for battery cells further narrowed. Overall, the growth rate of battery cell development in Q1 2025 fell short of expectations.
Data: SHFE, DCE market movement (Jul 09)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 09 Jul, 2025
Geely's CV arm Farizon inaugurates Guangzhou subsidiary
On July 4, 2025, Guangzhou Farizon New Energy Commercial Vehicle Company (Guangzhou Farizon) was officially inaugurated.
Steel mill blast furnace production remains stable, with pig iron production still at a high level.
According to the SMM survey, on July 9, the operating rate of blast furnaces at 242 steel mills surveyed by SMM was 87.28%, down 0.26 percentage points WoW. The capacity utilization rate of blast furnaces was 89.23%, down 0.07 percentage points WoW. The daily average pig iron production of the sampled steel mills was 2.4118 million mt, down 1,900 mt WoW.
