Latest Update in the SMM Silicon Steel Market

On April 18, Stellantis and Leapmotor announced plans to kick off a localized electric vehicle (EV) assembly project in Malaysia, marking a significant milestone in their collaboration.

On April 18, 2025, local time, the opening ceremony of Jingjiu Group Vietnam Company and the groundbreaking ceremony of the second phase project were grandly held at the production site in Tay Ninh Province, Vietnam, marking a new stage in Jingjiu Group's globalization strategy. The event, themed "Innovation-Driven, Global Dream," was attended by strategic partners from over 40 countries and regions, relevant leaders of the Vietnamese government, leaders of Jingjiu Group, and dealer partners, who jointly witnessed this milestone moment, demonstrating the group's high regard for the Vietnamese market and its firm confidence in future development. Images Images Before the celebration began

【SMM: Analysis of China's Secondary Aluminum Market and Price Assessment Methodology in 2025】On April 18, at the AICE 2025 SMM (20th) Aluminum Industry Conference and Aluminum Industry Expo—Global Secondary Aluminum Industry Development Forum, co-hosted by SMM Information & Technology Co., Ltd., SMM Metal Trading Center, and Shandong Aisi Information Technology Co., Ltd., and co-organized by Zhongyifeng Jinyi (Suzhou) Technology Co., Ltd. and Lezhi County Qianrun Investment Service Co., Ltd., Limin Zhang, Senior Analyst of Secondary Aluminum at SMM, shared insights on the analysis of China's secondary aluminum market and the price assessment methodology for 2025. Overall, the cost of aluminum scrap continues to strongly support the price of ADC12, but increased supply and demand falling short of expectations may limit price increases.

【SMM: Macro Fundamentals May Drive Up the Price Center of Petroleum Coke in 2025】Overall, the tight supply and demand situation for petroleum coke is unlikely to ease in the short term, with a high probability of price increases. Since April, expectations of import contraction have strengthened, coupled with domestic refineries entering a concentrated maintenance period, leading to an upward trend in prices. In the medium and long term, the limited new capacity for domestic petroleum coke and the expected exit of local refining capacity will exacerbate the supply-demand imbalance, increasing reliance on imports. Any import disruptions or cost increases will significantly drive up petroleum coke prices. However, the price trend also faces some uncertainties, such as the macroeconomic situation.

[SMM: China's Aluminum Extrusion to See Slight Increase in the Future, New Energy-Related Demand Remains the Main Growth Driver] On April 18, at the AICE 2025 SMM (20th) Aluminum Industry Conference and Aluminum Industry Expo - Industrial Aluminum Extrusion Forum, hosted by SMM Information & Technology Co., Ltd., SMM Metal Trading Center, and Shandong Aisi Information Technology Co., Ltd., and co-organized by Zhongyifeng Jinyi (Suzhou) Technology Co., Ltd. and Lezhi County Qianrun Investment Service Co., Ltd., Ke Yao, Senior Analyst of Aluminum Products at SMM, analyzed the Chinese industrial aluminum extrusion market. China's aluminum extrusion has shown a rapid development trend over the past 10 years, and it is expected to see a slight increase from 2024 to 2028.