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  [SMM Hydrogen Energy Policy Express] National Development and Reform Commission (NDRC), National Energy Administration: *Notice on Matters Related to Orderly Promoting the Development of Direct Connection of Green Electricity*

• Canada, Mexico, and EU are furious: Trump's steel tariff policy is unacceptable!

• Downstream demand for nickel sulphate remains mediocre, and nickel salt prices may weaken further in the short term [SMM Nickel Morning Meeting Summary]

  [6.5 Morning Meeting Minutes] LME nickel prices saw a slight correction today, with immediate cost support strengthening. Demand side, despite signs of improvement in nickel salt demand MoM in June, overall demand remains in a sluggish phase. Affected by the presence of some raw material inventory and weak order demand, during this week's traditional procurement period, the inquiry and transaction activity of precursor enterprises for nickel salt were both low. Supply side, the order signing situation for nickel salt producers in June was poor this week, with some large nickel salt enterprises planning to carry out shutdown maintenance work in June.

• [SMM Hydrogen Energy Policy Express] Baotou, Inner Mongolia: Build a hydrogen energy industry chain, and actively connect with leading enterprises such as SPIC Hydrogen Energy, SinoHytec, and Dongfang Electric Corporation

• US Fed Beige Book: US Economy Cools Slightly, Uncertainty and Tariff Pressures Intensify