Hot News

• 

  One Month After the Cancellation of Tax Rebates: How Are Aluminum Plate/Sheet, Strip and Foil Enterprises Responding? [SMM Analysis]

  [SMM Analysis: One Month After the Cancellation of Tax Rebates, How Are Aluminum Plate/Sheet, Strip and Foil Enterprises Responding?] According to SMM, after the cancellation of tax rebates took effect, aluminum plate/sheet, strip and foil enterprises initially considered passing the tax costs on to overseas customers. However, most enterprises are still in the negotiation phase. Feedback from enterprises indicates that the higher the added value of the product, the more advantageous their position in the negotiations.

• A Super-Large Rare Earth Ore Deposit Discovered in Yunnan, China, Containing Over 470,000 mt of Key Rare Earth Elements Such as Pr-Nd, Dysprosium, and Terbium

  【China Discovers a Super-Large-Scale Rare Earth Ore in Yunnan, with Over 470,000 mt of Key Rare Earth Elements Including Pr-Nd, Dysprosium, and Terbium】According to MiningWeekly, Australian Stock Exchange-listed company American Rare Earths (ARR) announced that its wholly-owned US subsidiary, Wyoming Rare (WRI), has been granted permission to conduct trial mining at the Halleck Creek rare earth mine.

• COMEX Prices Rose All the Way, Secondary Copper Raw Material Traders Switched to LME Contract Quotations [SMM Secondary Copper Daily Review]

• Aluminum Wire and Cable Enterprises to Take Collective Leave Next Week; Post-Holiday Order Expectations Vary [SMM Analysis]

  January 17, 2025— According to SMM, aluminum wire and cable enterprises are expected to transition into the holiday phase next week. Some top-tier enterprises indicated that their production schedules are expected to remain favorable, with production departments maintaining operations even during the Chinese New Year. However, more enterprises, considering labor costs, plan holiday arrangements around the national holidays, with most resuming work between the eighth and tenth day of the lunar calendar, and have largely completed raw material stockpiling. Regarding post-holiday production plans, enterprises provided varying feedback. Based on statistical data, the State Grid's delivery volume in Q1 next year is still expected to decline. SMM believes that the status of orders on hand varies among enterprises, with staggered delivery periods likely. Additionally, due to temperature differences between the north and south, end-user enthusiasm for cargo pick-up varies across regions...

• Chinese SoC designer Visinex Technology bags nearly 100 million yuan in latest funding

  Chinese intelligent SoC (System on Chip) design company Visinex Technology recently closed its new financing round, which raised for the company nearly 100 million yuan, according to China's company q...