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  China EV battery installations in May: CATL share at 42.87%, BYD 22.49%

  CATL (SHE: 300750) saw its market share in China's electric vehicle (EV) battery market rise compared to the previous month, while BYD (HKG: 1211, OTCMKTS: BYDDY) saw a decline.

• Chery set to become China's first automaker to export over 5 million cars

  Chery is set to reach a cumulative total of 5 million car exports later this month, becoming the first Chinese automaker to achieve this milestone.

• As the off-season approaches downstream, low prices reappear in ferromolybdenum tenders [SMM Molybdenum Daily Review]

  [SMM Daily Molybdenum Review: Ferromolybdenum Tenders Reappear at Low Prices as Downstream Off-season Approaches] SMM News on June 23: Today, the upstream ore prices in the molybdenum market remained high and stable, while the downstream ferromolybdenum prices showed a slight decline due to factors such as price pressure from steel tenders.

• Domestic zinc inventory increases, SHFE zinc forms a "V"-shaped trend [SMM Zinc Futures Brief Comment]

  [Domestic Zinc Inventory Increases, SHFE Zinc Forms "V"-Shaped Trend] The most-traded SHFE zinc 2507 contract opened at 21,750 yuan/mt. In the early session, SHFE zinc immediately reached a high of 21,800 yuan/mt. Subsequently, as bears increased their positions, SHFE zinc fluctuated downward, falling below the daily average line to a low of 21,635 yuan/mt. Then, as bulls increased their positions, SHFE zinc rapidly rose above the daily average line. In the closing session, amid a tug-of-war between longs and shorts, the price center of SHFE zinc fluctuated rangebound around 21,760 yuan/mt. It eventually closed higher at 21,780 yuan/mt, up 105 yuan/mt or 0.48%. Trading volume increased to 111,000 lots, and open interest rose by 5,745 lots to 111,000 lots.....

• New PV installations surged 383.2% YoY in May. What will demand be like in H2? [SMM Analysis]

  [SMM Analysis: New PV Installations in May Surged 383.2% YoY - What Will Demand Be Like in H2?] On the 23rd, the National Energy Administration announced the new installations in China for May. Data showed that in May 2025, domestic PV installations reached approximately 92GW, up 383.2% YoY and over 100% MoM, hitting a new record high for the same period in history. Domestic new PV installations totaled 197.85GW, up 150% YoY.