Indonesian MHP Nickel and Cobalt FOB Prices Increase, High-Grade Nickel Matte Rises Slightly

Futures pulled back, prompting end-user restocking, while buying and selling sentiment recovered and discounts held steady [SMM North China spot copper]

Metals fell across the board, with SHFE tin leading the decline. Other major fallers included alumina, platinum, and palladium (down over 2%), and SHFE silver and coke (down over 4%) [SMM midday review]

A Zinc Smelter in North China Recently Began Shutdown for Maintenance

MOC: In May, NEV Domestic Retail Penetration Rate Hit 62.9%, Setting a New Record High