Since 2024, global alumina markets have faced frequent supply disruptions, including but not limited to the closure of Alcoa's Kwinana refinery and a force majeure at Rio Tinto's Australian plants in Queensland. Recent developments in Guinea have added fresh volatility...

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Nov 06, 2024

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Nov 05, 2024

According to SMM statistics, China's production of ternary cathode materials in Q3 2024 was 178,000 mt, up 5% YoY, with an operating rate of around 41%. Although production increased YoY, the revenue and net profit of ternary cathode materials companies were lower-than-expected, mainly due to multiple factors such as intensified market competition and declining raw material prices. For instance, the monthly average price of 6-series ternary cathode materials (monocrystalline/power type) dropped from 131,000 yuan/mt in July 2024 to 125,000 yuan/mt in September 2024, according to SMM data. The significant decline in material prices had a substantial impact on the companies' revenue.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Nov 04, 2024