Gold is doing the opposite of what it should. The metal is falling for a reason most investors did not see coming. Wall Street's biggest banks have not changed their outlook. Here is why that matters.

[SMM Hydrogen Energy Bulletin] Recently, the kick-off meeting for the international standard High-Pressure Liquid Hydrogen Pump for Hydrogen Refueling Station, led and submitted by the Low-Carbon Institute, was held online. After the standard project was approved in November last year, this meeting clarified the advancement plan and technical roadmap, bringing together 20 experts from China, the United States, Germany, France, Russia, Japan, and the European Industrial Gases Association, who reached consensus on key issues including the scope of the standard and application scenarios, laying a solid foundation for the standard’s high-quality and timely delivery.

It is worth noting that the overall overseas ternary cathode demand outlook for 2026 remains subdued. The U.S. market has been sluggish since the fourth quarter of last year, prompting many overseas manufacturers to place their hopes on the European market.

[SMM Breaking News] On the 13th, the Ministry of Commerce stated that the sixth round of China-U.S. economic and trade consultations was held in France from March 14 to 17. On the morning of March 15 local time, the Chinese and U.S. economic and trade teams began the China-U.S. economic and trade consultations in Paris, France.

Chinese Vice Premier He Lifeng will lead a delegation to France and hold the sixth round of China-U.S. economic and trade consultations with the U.S. side from March 14 to 17. Regarding the U.S. plan to launch a Section 301 investigation into China and other economies, a spokesperson for the Ministry of Commerce explicitly stated that China reserves the right to take all necessary measures and will resolutely safeguard its legitimate rights and interests.

According to a March 12 post on “Kegong Weibo,” the official account of the State Administration for Science, Technology and Industry for National Defense, China announced its accession to the Triple Nuclear Energy Declaration at the second Nuclear Energy Summit held in Paris, France, on March 10, 2026. Jointly launched by 22 countries including France, the core goal of the Triple Nuclear Energy Declaration is to triple global installed nuclear power capacity by 2050 from its 2020 level, in order to help achieve global net-zero emissions around the middle of this century and the global temperature control target set out in the Paris Agreement.