Latest Update in the SMM NdFeB Scrap Market

SMM September 20: As global manufacturing gradually recovers, the core application areas of tin ingots, such as electronics and the automotive industry, show strong demand, indicating that tin ingot consumption is likely to further increase. However, potential risks to the global economy, such as inflation, trade protectionism, and geopolitical tensions, may adversely affect the tin market, exacerbating tin ingot price volatility and impacting exporters' decisions and the supply-demand balance in the market.

On September 19, NIO's sub-brand ONVO officially put its first mass-produced model, the ONVO L60, onto the market with a starting price of 206,900 yuan. Deliveries of the ONVO L60 are set to begin by ...

This week, prices for 314Ah and 280Ah battery cells for energy storage slightly decreased, while prices for 100Ah and 50Ah battery cells remained stable. With the peak season in the fourth quarter approaching, demand for energy storage battery cells has gradually increased, and the production and sales of energy storage battery cells continued to grow.

Today, iron ore rebounded from its bottom and fluctuated upward throughout the day. The most-traded contract I2501 finally closed at 693 yuan/mt, with a daily increase of 1.69%.

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

On September 17, 2024, at the IAA TRANSPORTATION 2024 in Hannover, U POWER Tech and Xiamen King Long United Automotive Industry Co., Ltd. (King Long) officially signed a strategic cooperation and pr...

On September 18, Geely's Farizon New Energy Commercial Vehicle Group and ZF signed a memorandum of understanding at the IAA TRANSPORTATION 2024 in Hannover, Germany, marking a new chapter in their gro...

On September 19, XPENG's Chairman and CEO, He Xiaopeng, made an appearance at the Apsara Conference 2024, hosted by Alibaba Group, driving the all-new XPENG P7+. This marked the unofficial debut of th...