Hot News

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  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.

• In October, China's copper semis production declined as expected, with a forecasted MoM increase in November [SMM Analysis]

  According to the latest data from the NBS, China's copper semis production in October 2024 was 1.9664 million mt, down 2.3% MoM.