- Futures
- Base Metals
- New Energy
- Ferrous Metals
- Rare Earth
- Scrap Metals
- Minor Metals
On October 23, China Changan Automobile Group and the China Automotive Technology and Research Center (CATARC) held a strategic cooperation signing ceremony in Chongqing.
Chinese RoboVan solution developer Neolix raises over $600 million in Series D financing
On October 23, autonomous delivery vehicle company Neolix announced the completion of its Series D funding round, raising more than US$600 million.
NIO to deliver its 300,000th ES6 vehicle in November
NIO announced on October 22 via its Weibo account that it will deliver the 300,000th unit of its ES6 SUV this November.
[SMM Titanium Weekly Review: Divergence in the Titanium Industry Chain This Week, Rising Sentiment for Titanium Concentrate, While Titanium Dioxide Remains Weak] This week, the titanium industry chain in China showed significant divergence across different segments. Titanium concentrate prices continued to rise, supported by the demand boost from the September-October peak season and tight supply, leading to increased market optimism. Titanium dioxide remained weak, with insufficient new orders in October and weakening demand support, although high costs and low inventory kept it in the doldrums. Titanium slag continued to underperform, as enterprises faced dual pressures from high costs and sluggish demand, exacerbating losses. The sponge titanium market was weak, characterized by high inventory and weak demand, with sluggish civilian demand and reduced cost support. The titanium materials market exhibited structural divergence, with high-end segments performing strongly due to demand boosts from sectors like military applications, while the low-end market experienced oversupply, keeping overall prices low and under downward pressure.
[SMM Analysis] Ningbo HRC Inventory Reaches Turning Point, Total Volume Declines Slowly
According to the SMM survey, the SMM Ningbo HRC broad-caliber inventory stood at 397,000 mt as of 10.22, down 13,000 mt WoW.HRC prices edged up this week, with the spot price rising 10-40 yuan/mt WoW. Trading activity in the market improved during the week. As of the afternoon close on 10.24, the most-traded HRC 2601 futures contract settled at 3,250 yuan/mt.
