SMM

Ministry of Industry and Information Technology Releases Key Work Points for Integration of Informatization and Industrialization in 2025 SHFE tin prices remain high and range-bound [SMM Tin Morning Brief] Macro: (1) The UK plans to introduce new incentives to reduce the cost of purchasing new electric vehicles (EVs). The UK Labour government is attempting to phase out the sale of highly polluting cars. On Sunday, UK Transport Secretary Heidi Alexander confirmed that she would announce new measures to boost EV sales this week. (Bullish ★) (2) The Ministry of Industry and Information Technology has released the key work points for the integration of informatization and industrialization in 2025, which include promoting digital transformation. Continuing to carry out pilot projects for new-type technological transformation of manufacturing cities and digital transformation of small and medium-sized enterprises (SMEs), guiding industrial enterprises above designated size and specialized, refined, and new SMEs to accelerate digital transformation. (Bullish ★) (3) Tariffs - ① The EU has postponed retaliatory tariff measures against the US until early August. ② Hassett: Unless the agreement is improved, Trump's latest tariff threats will be implemented.