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  All-New NIO ES8 flagship SUV hits market with upgraded design, tech, performance

  The third-generation NIO ES8 officially went on sale in China, offered in three variants.

• Turning point emerges in the smelting acid market; sulfuric acid revenue may struggle to support high-load copper smelting. [SMM Analysis]

  [SMM Analysis:Turning point emerges in the smelting acid market; sulfuric acid revenue may struggle to support high-load copper smelting.] The decline in acid prices has a more profound impact on the copper smelting industry. This year, despite three major pressures—a sharp drop in TC for copper concentrate, high raw material costs, prolonged unfavorable domestic-to-international price ratios, and increased capital occupation costs for raw material procurement—copper smelters consistently increased electrolytic copper production from January to August. This was largely supported by sulfuric acid revenue, as producing one ton of electrolytic copper simultaneously yields 3-4 tons of smelting acid. The revenue from sulfuric acid essentially offset the negative effects of the TC plunge. However, it is foreseeable that smelting acid prices in the fourth quarter may struggle to strongly support copper smelters' production activities. Smelters will face multiple challenges: spot TC remaining persistently between -$40 to -$50, high raw material costs, declining revenue from by-product sulfuric acid, expected reduced production of waste-derived electrolytic copper due to Policy Document 770, and maintenance activities at 10 smelters. These factors are likely to collectively lead to a deterioration in copper smelters' operating rates.

• Gold Mine Discovered in Jiangsu

• HUIXI, ModelBest form strategic alliance to drive edge AI innovation in autos, embodied intelligence

  The partners plan to advance innovation in edge AI and accelerate the deployment of powerful AI systems across a wide range of devices.

• 【SMM Analysis】Weekly Review of Indonesian Nickel Market - Sep 19

  Anticipation Towards New RKAB Submission, Indonesia's Nickel Ore Price Remained Stable Upward Trend on NPI, Weaker-than-Expected Consumption Limits NPI Price Gains