There were some disturbances in aluminum billet supply
In contrast with domestic low aluminium ingots arrivals, the inventory growth of aluminum billets after the holiday was significant due to concentrated arrivals at major consumption areas.
Aluminum ingot inventory performance is better than the pre-holiday expectations
On May 9, 2024, SMM data showed that the social inventory of aluminum ingots in China’s eight major markets was 778,000 mt, (the amount for sale stood at 652,000 mt), down 13,000 mt from Apr 29, down 16,000 mt compared with May 6 and 38,000 mt YoY, remaining at the lowest compared to the same period of past seven years.
Gasgoo Daily: SAIC Motor’s Roewe launches super hybrid tech brand ‘DMH’
With Gasgoo Daily, we will offer daily important automotive news in China.
On the evening of May 10th (Beijing time), ZEEKR, the premium electric vehicle maker under Geely, officially commenced trading on the New York Stock Exchange (NYSK), listed under the ticker symbol ZK...
In April 2024, China's lithium mine production totaled approximately 20,609 mt of lithium carbonate equivalent, representing a month-on-month increase of 29% and a YoY increase of 54%. It is expected that the supply and demand situation in the lithium mine market will shift from a tight balance to a relaxed state in May. Overall, lithium mine prices are expected to remain stable with some room for a slight decline.