Latest Update in the SMM Other Materials Market

Today, iron ore futures opened higher but moved downwards, continuing to fluctuate downward throughout the day. The most-traded contract I2501 finally closed at 800.5 yuan/mt, down 1.17% for the day.

On December 4, zero-emission long-haul truck developer Windrose Technology announced the roll out and initial delivery of its flagship electric heavy-duty truck, the Windrose R700, to leading global l...

This week, the total rebar inventory was 4.1197 million mt, down 48,300 mt WoW, a decrease of 1.16% MoM, and a YoY decline of 17.63%.

On December 5, stainless steel futures prices recently plummeted to a four-year low, causing panic in the spot market, with frequent occurrences of price cuts to secure sales.

On December 4, Chinese new energy vehicle maker Leapmotor announced that cumulative sales of its micro electric vehicle model, the T03, have surpassed 200,000 units.

On December 4, Baidu officially launched the Apollo Open Platform 10.0, a significant upgrade designed around its Autonomous Driving Foundation Model (ADFM).

On December 4, FAW Logistics and Huawei Technologies signed a comprehensive cooperation agreement in Shenzhen, focusing on smart logistics, digital transformation, and talent development.

In November 2024, national nickel sulphate production reached 30,800 mt in metal content, or 140,000 mt in physical content, up 7% MoM but down 13% YoY.