GAC Group announced that in March 2026, automobile production was 193,800 units, up 2.60% YoY, and sales were 176,900 units, up 1.68% YoY; cumulative production for the year was 394,800 units, down 3.99% YoY, and cumulative sales were 379,900 units, up 2.38% YoY. In March, NEV production and sales were 56,163 units and 57,577 units, up 18.91% YoY and 72.58% YoY, respectively.

[How Should Zinc Consumption Be Viewed Against the Backdrop of Geopolitical Conflicts?] Q1 2026 had passed, and the overall recovery in post-holiday consumption was somewhat delayed. How would consumption perform going forward?

►New Advances in Magnesium Materials and Processes ►Development and Application of New-Type Low-Cost, High-Strength, Corrosion-Resistant Magnesium Alloys ►Stainless Magnesium Technology: R&D Progress from Alloy Materials to Semi-Solid Processes, R&D and Application of Stainless Magnesium Alloys ►Hefei • Great “Magnesium” Chaohu — Building a First-Class Magnesium Industry Ecosystem in China ►R&D Progress and Current Industrialisation Status of Magnesium-Based Materials and Products at Baowu Magnesium ►Haitian Magnesium Alloy Injection Molding Technology and Market Outlook ►Magnesium from an International Perspective: The Transformation from a Cost-Driven Bulk Commodity to a Strategic Engineering Material ►: Focusing on the New Cycle of Supply and Demand for Magnesium Metal and Downstream Applications — Outlook for the Magnesium Market in 2026

[China’s Automobile Production Reached 4.024 Million Units, January-February] On March 16, the National Bureau of Statistics (NBS) released the latest data showing that, by sector, from January to February, the value added of 35 out of 41 major industrial categories increased YoY. Among them, automobile manufacturing was up 3.4% YoY. By product, from January to February, the production of 397 out of 626 products by industrial enterprises above designated size increased YoY. Among them, automobile production was 4.024 million units, down 9.9%, of which NEV production was 1.604 million units, down 13.7%.

[SMM Cast Aluminum Alloy Morning Comment: Futures Rebound Lifted Sentiment, Spot Quotes Rose Across the Board] Spot market, boosted by the rebound in futures prices, ADC12 quotes rose across the board today, with the SMM average price of ADC12 raised by 300 yuan/mt. Driven by the cost side, producers actively recouped earlier losses, generally raising prices by 200-400 yuan/mt. However, affected by wild swings in prices during the week, downstream purchase sentiment remained cautious, with most buyers staying on the sidelines and only restocking to meet immediate needs, while the overall pace of market transactions was stable. In the short term, against the backdrop of cost support and a mild release of supply, ADC12 prices were expected to hold up well.

According to data released by CAAM, China's automobile production and sales reached 2.45 million units and 2.346 million units, respectively, in January this year. Compared with the same period last year, production increased slightly by 0.01% YoY, while sales decreased by 3.2% YoY. In the segmented market, NEVs performed remarkably, with production and sales reaching 1.041 million units and 945,000 units, respectively, up 2.5% YoY and 0.1% YoY. In addition, NEV exports continued their strong growth momentum, with exports reaching 302,000 units, doubling YoY.