Hot News

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  National Bureau of Statistics (NBS): Manufacturing PMI in October Was 49%, China's Overall Economic Output Remains Generally Stable

• Brass Billet Operating Rate Slightly Declines, Inventory Remains Cautious Amid High Copper Prices [SMM Brass Billet Market Weekly Review]

• This Week's (10.27-10.31) Overseas Lithium Highlights [SMM New Energy Overseas Weekly Highlights]

• Raw Material Prices Remain Firm, Magnesium Ingots and Processed Products Operate Under Pressure [SMM Magnesium Morning Meeting Minutes]

  [SMM Magnesium Morning Conference Summary: Raw Material Prices Hold Firm, Magnesium Ingots and Processed Products Under Pressure] The magnesium industry chain showed a mixed performance this week. On the raw material front, dolomite supply and demand remained stable, with prices supported by rigid demand; ferrosilicon continued to hold up well due to maintenance and cost pressures. Magnesium ingot prices edged down slightly, with supply rebounding to a daily output of 2,000 mt, but domestic demand was dominated by just-in-time procurement, and foreign trade orders remained weak, leaving the market in the doldrums. Magnesium alloy prices weakened in line with magnesium ingots, but processing fees stayed high, with enterprises operating on tight schedules and spot cargoes in short supply. Magnesium powder demand was generally weak, dragged down by steel mill orders, and prices stabilized weakly. Overall, the market exhibited a pattern of "strong raw materials, weak finished products.

• Gotion High-Tech launches Slovakia's first battery gigafactory

  On the morning of October 28 local time, Gotion High-Tech officially broke ground on its battery gigafactory in Šurany, Slovakia.