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  Breaking with convention! The central bank will conduct 1 trillion yuan in outright reverse repo operations. What signal does the first "advance notice" send?

• Xi Jinping had a phone call with US President Trump.

• High aluminum prices coupled with weak demand during the off-season continue to put pressure on the weekly operating rate of aluminum processing [SMM Weekly Downstream Survey]

  [SMM Weekly Survey on Aluminum Downstream: High Aluminum Prices, Coupled with Weak Demand During Off-Season, Continue to Weigh on Weekly Operating Rate of Aluminum Processing] As June arrives, the overall off-season atmosphere in the downstream aluminum processing sector is strong, with the weekly operating rate declining by 0.4 percentage points WoW to 60.9%...

• [SMM Analysis] Accelerated Implementation of Oman's Green Hydrogen Strategy: National Ambitions and Industrial Realities Behind the Commencement of Shuangliang-ACME Project

  Oman's Green Hydrogen Strategy Accelerates Implementation: National Ambitions and Industrial Realities Behind the Commencement of Shuangliang-ACME Project —Focusing on Green Ammonia Projects Under $5 Billion Investment and Localization Challenges On June 1, 2025, at the Duqm Special Economic Zone in Oman, the million-mt-scale green ammonia project, a joint venture between China's Shuangliang Group and India's ACME Group, officially broke ground. This mega-project, costing $1.7 billion, marks a critical turning point for Oman's national hydrogen energy strategy, transitioning from paper planning to large-scale implementation.

• XPENG launches AI-enabled AR-HUD co-developed with Huawei

  On June 5, XPENG and Huawei's Intelligent Automotive Solution unit jointly launch the XHUD , which the carmaker claims as the world's first AI-integrated AR-HUD (augmented-reality head-up display)so...