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  China Aluminum Wheel Exports Hit a Three-Year High in January, but Faced a “Waterloo” in February [SMM Analysis]

  China Aluminum Wheel Exports Hit a Three-Year High in January, but Faced a “Waterloo” in February [SMM Analysis]Customs data shows that China's aluminum alloy wheel hub exports totaled 155,300 mt from January to February 2025, a slight increase of 1% YoY. Among them, China exported 88,800 mt of aluminum alloy wheel hubs in January 2025, a significant increase of 17.6% MoM from December 2024. Notably, the export volume of aluminum alloy wheel hubs in January this year reached a new high since January 2022, with a steady small increase YoY compared to 88,100 mt in January last year. SMM believes this is closely related to the "rush to export" behavior under the expectation of tariff hikes. In February 2025...

• Aluminum Wheel Exports Hit a Three-Year High in January, but Faced a Waterloo in February [SMM Analysis]

  【SMM Analysis: Aluminum Wheel Exports Hit a Three-Year High in January, but Suffered a Setback in February】Customs data shows that China's aluminum alloy wheel hub exports totaled 155,300 mt from January to February 2025, a slight increase of 1% YoY. Among them, China exported 88,800 mt of aluminum alloy wheel hubs in January 2025, up 17.6% MoM from December 2024. Notably, the export volume of aluminum alloy wheel hubs in January this year reached a new high since January 2022, with a steady small increase compared to 88,100 mt in the same period last January. SMM believes this is closely related to the "rush to export" behavior under the expectation of a tariff hike. In February 2025...

• BNP Paribas: Copper Prices May Drop to $8,500 per mt in Q2

  BNP Paribas: Copper Prices May Drop to $8,500/mt in Q2. On Friday, March 28, BNP Paribas warned that copper prices would decline in the coming months as efforts to ship copper to the US ahead of tariff implementation gradually diminish. Earlier this week, London copper futures climbed above the $10,000/mt mark, while New York copper futures hit a record high, with a significant price spread across the Atlantic.

• Codelco shifted more spot copper sales to the US.

  【Chile's Codelco Shifts More Spot Copper Sales to the US】On Friday, March 28, Ruben Alvarado, CEO of Codelco, the world's largest copper producer, stated that the company had already shifted some spot sales to the US.

• Last year, electromagnetic wire contributed over 40% of the profit. Jinbei Electric: The third phase of flat electromagnetic wire is expected to add a capacity of 6,000 mt in Q2.

  Last year, electromagnetic wire contributed over 40% of the profit. Jinbei Electric: The third phase of flat electromagnetic wire is expected to add 6,000 mt of capacity in Q2. ① The demand for electromagnetic wire is robust, with the company's 2024 revenue up 15.54% YoY and net profit attributable to the parent company up 8.78% YoY. ② The capacity expansion of the third phase of flat electromagnetic wire for NEV motors at Jinbei Electromagnetic Wire is underway, with the first batch of 6,000 mt capacity expected to be gradually released in Q2 this year. (Cailian Press)