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  April 3, 2025 Aluminum Inventory in Bonded Zone [SMM Data]

  SMM Statistics: On April 3, SMM statistics showed that the aluminum inventory in the Shanghai Bonded Zone was 72,500 mt, and the inventory in the Guangdong Bonded Zone was 19,700 mt, totaling 92,200 mt. The inventory decreased by 6,400 mt WoW.

• SMM Hydrogen Energy Industry Weekly Review 20250403

• China Rare Earth Group signed a strategic cooperation framework agreement with Tsinghua University.

• [SMM Analysis] Calculation of the tariff rate for U.S. exports of energy storage cells to China after the implementation of the "reciprocal tariff."

  [SMM Analysis] On the afternoon of April 2nd local time, according to the White House statement, the 10% "benchmark tariff" will take effect at 00:01 Eastern Time on April 5th. The higher "reciprocal tariff" targeting specific countries will come into force at 00:01 on April 9th. After the reciprocal tariff takes effect, considering all the tariff policies, the combined tariff rate for energy storage cells will reach: 3.4% basic tariff + 7.5% Section 301 tariff + 20% general tariff + 34% reciprocal tariff = 64.9%.

• The US dollar and crude oil fell, metals across the board declined, LME tin and COMEX silver dropped by over 2%, and SHFE gold hit a new high again! [SMM Midday Review]