【SMM Analysis】Lithium Ore Weekly Review (15–18 Sep)
This week, lithium carbonate prices trended upward in a volatile manner, driving lithium ore prices to rise week-on-week.
【SMM Analysis】Lithium Hydroxide Weekly Review (15–18 Sep)
This week, the decline in lithium hydroxide prices narrowed.
[SMM Analysis:China's copper concentrate imports are expected to increase by 7.8% year-on-year in 2025. How will spot TC for copper concentrate play out in the fourth quarter?] As September comes to a close, the copper industry is about to welcome the LME London Metal Week and the annual long-term contract negotiations of Chinese smelters. Predictions for China's copper concentrate import volume in the fourth quarter, the trend of spot TC, and the outcomes of long-term contract negotiations have become focal points of market attention. SMM provides possible scenarios for market reference.
This week, the secondary copper rod market exhibited a complex situation under the dual influence of macro policies and price fluctuations. After the US Fed announced a 25bp interest rate cut in September, the exhaustion of positive factors triggered profit-taking and capital outflows, leading to a significant pullback in copper prices, with a cumulative decline of over 1,000 yuan/mt by Thursday this week. The price of bare bright copper in Guangdong was reported at 73,500–73,700 yuan/mt, down 900 yuan/mt WoW. The rapid pullback in copper prices reduced suppliers' willingness to sell recycled copper raw materials, and the supplier sentiment index compiled by SMM fell from 2.29 to 2.26.
All-New NIO ES8 flagship SUV hits market with upgraded design, tech, performance
The third-generation NIO ES8 officially went on sale in China, offered in three variants.