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  SAIC Motor posts robust YoY jump in both Sept. 2025, YTD vehicle wholesales

  In Sept. 2025, SAIC Motor saw its monthly wholesales leap 40.39% year on year to 439,777 vehicles, resulting in a Jan.-Sept. volume of 3,193,270 units, which also jumped 20.53% from a year earlier.

• Preliminary Drilling Completed at Angola's Kula Rare Earth Mine

• [SMM Hot Rolled & Cold Rolled Production Schedule]—Total Hot Rolled and Cold Rolled Production Schedules at Steel Mills Increase in October, Exports Show Strong Resilience Again!

  According to the latest SMM tracking, the planned commercial cold-rolled coil volume of 31 mainstream steel mills in October totaled 4.3965 million mt, an increase of 164,400 mt MoM, up 3.9%.

• [Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in Tangshan May Experience Downward Fluctuations

  [Domestic Iron Ore Brief Review: Iron Ore Concentrates Prices in Tangshan May Fluctuate Downward] The domestic ore market in Tangshan saw partial increases of 5-10 yuan/mt. The current delivery-to-factory price, tax included, for Fe66% iron ore concentrates on a dry basis is 1,010-1,015 yuan/mt. The futures have driven and supported producers' bullish sentiment, leading to increased holding and wait-and-see operations among concentrators, even waiting for price rises. However, inquiries and sourcing in intermediate links remain cautious, with insufficient purchase willingness at high prices.

• Renewed Tariff War Sparks Sluggish Trading in Iron Ore Spot Market [SMM Brief Commentary]