Latest Update in the SMM NdFeB Scrap Market

The primary aluminium sector in the upstream industry particularly captured significant attention this week with intriguing news and updates that may lead to a change in decision-making regarding metal buying and selling, investments in projects, and export or import commodities. In case you have missed the stories, here are their briefs.

Japanese industry giant Sumitomo Chemical has announced its decision to sell its 2.97 per cent stake in Nippon Amazon Aluminium Co., Ltd. (NAAC) to YKK AP Inc. The sale amount remains undisclosed.

Amid the booming global EV market, Europe has undoubtedly become a strategic battleground for Chinese automakers. However, a series of trade and regulatory measures recently introduced by the EU have posed unprecedented challenges for Chinese automakers entering the European market.

[SMM Shanghai and Other #1 Lead Markets: Lead Prices Fluctuate Downward, Spot Market Sees Weak Year-End Trading] SMM, December 25: In the Shanghai market, Honglu lead was quoted at 17,295-17,320 yuan/mt, with a premium of 0-10 yuan/mt against the SHFE lead 2501 contract. In the Jiangsu and Zhejiang regions, JCC and Jinde lead were quoted at 17,295-17,320 yuan/mt, with a premium of 0-10 yuan/mt against the SHFE lead 2501 contract. SHFE lead fluctuated downward, with limited market supply and few quotations from suppliers, while refinery cargoes self-picked up from production sites remained firmly priced...

This week, Shenyang's HRC inventory was 87,700 mt, down 2,800 mt WoW (-3.09%) and 22,400 mt YoY (-20.35%).

Huadian Group has successfully connected the second phase of its Tengger solar project, adding to its 1 GW initiative in Inner Mongolia.