Latest Update in the SMM Indium / Germanium / Gallium Market

[Zhongwu Gaoxin: Net Profit in 2024 Expected to Grow 75%-87.8% YoY Due to Changes in Consolidation Scope] On the evening of January 16, Zhongwu Gaoxin announced that from January 1, 2024, to December 31, 2024, net profit attributable to shareholders of the publicly listed firm is expected to be 848 million-910 million yuan, up 75%-87.8% YoY. Net profit excluding non-recurring gains and losses is estimated at 169 million-200 million yuan, down 40.13%-49.56% YoY. Basic earnings per share are projected to be 0.41-0.44 yuan per share.

[Golden Molybdenum Co., Ltd.: 2024 Net Profit Decreased by 3.18% YoY Due to the Decline in Molybdenum Product Prices Compared to the Same Period Last Year] The 2024 performance report released by Golden Molybdenum Co., Ltd. on the evening of January 16 shows that in 2024, the company achieved operating revenue of 135.5537 billion yuan (YoY increase of 17.55%), total profit of 39.0269 billion yuan (YoY decrease of 5.32%), and net profit attributable to shareholders of the publicly listed firm of 30.0047 billion yuan (YoY decrease of 3.18%).

[SMM Tellurium Market Tracking Report: Daye Nonferrous Metals Group Tellurium Ingot Tender Successfully Concluded] SMM, January 13: According to the official news from Daye Nonferrous Metals Group Co., Ltd., last week's bidding sale of tellurium ingots under Daye Nonferrous was successfully concluded at a final price of 692 yuan per kilogram.

[The World's First Magnesium Alloy Semi-Solid Injection Molded Automotive Wheel Successfully Trial-Manufactured] According to Magnesium Window News: Recently, under the guidance of Academician Fusheng Pan from Chongqing University, the National Engineering Research Center for Magnesium Alloy Materials at Chongqing University, in collaboration with the National Key Laboratory of High-End Equipment Casting Technology, Chongqing Dicastal Jieli Wheel Hub Manufacturing Co., Ltd., Ningbo Free Trade Zone Haitian Zhisheng Metal Forming Equipment Co., Ltd., Baowu Magnesium's Chongqing Boao Magnesium-Aluminum Metal Manufacturing Co., Ltd., Chongqing Borun Mold Co., Ltd., and Chongqing Mingyue Lake Laboratory, jointly developed and successfully trial-manufactured the world's first magnesium alloy semi-solid injection molded automotive wheel in batches using Haitian Zhisheng's newly launched 3600T magnesium alloy semi-solid injection molding machine. This is another innovative product continuously introduced by Chongqing University and its associated teams following the release of the world's largest magnesium alloy die-cast automotive rear floor in 2023.

In December 2024, China's EMD production saw a slight decline MoM. The primary reason for the slight decrease in December production was the year-end lull in the primary battery market, with no significant increase in demand observed......

[SMM Commentary: Mines Undergo Maintenance, Raw Material Supply Tightens, Multiple Tungsten Miners Raise Long-Term Contract Prices] Due to limited inventory held by suppliers and miners gradually undergoing maintenance, raw material supply has tightened. Although downstream demand has not shown significant improvement, some downstream enterprises have conducted slight pre-holiday restocking for essential needs, leading to a slight increase in tungsten prices. Jiangxi Tungsten, Zhangyuan Tungsten, and a large tungsten miner in Fujian have raised their latest long-term contract prices.