In Q1 2026, China’s aluminum semis exports showed a pronounced pattern of product-category divergence amid the interplay of three factors: the long-term impact of the cancellation of export tax rebates in December 2024, the divergence in demand structures outside China, and the sudden outbreak of geopolitical conflict in the Strait of Hormuz.....

On March 20, China Rare Earth Resources and Technology Co., Ltd. (600259.SH) issued an announcement stating that the company recorded operating revenue of 5.82 billion yuan in 2025, down 53.80% YoY; net profit attributable to shareholders of the publicly listed firm was 127 million yuan, turning from loss to profit YoY, compared with a net loss of 299 million yuan in the same period of the previous year; net profit attributable to the parent after deducting non-recurring gains and losses was 159 million yuan, improving significantly YoY.

Leading rare earth permanent magnet producer Zhong Ke San Huan (000970.SZ) released its 2025 annual report, posting full-year operating revenue of 6.641 billion yuan and net profit attributable to shareholders of the parent of 91.3186 million yuan, up 660.50% YoY; net profit excluding non-recurring gains and losses was 60.6065 million yuan, up 451.03% YoY. The sharp growth in performance was mainly attributable to cost reduction and efficiency improvement, increased foreign exchange gains, and a substantial decline in asset impairment losses. During the reporting period, the share of revenue from the Chinese market rose to 50.55%, and the company completed 100% concentrated procurement of rare earth raw materials.

Beijing had taken the lead nationwide in launching the development and application of commercial insurance products for intelligent connected NEVs. The new products largely follow the existing commercial auto insurance framework for NEVs and, under the principle of “overall stability with partial optimization,” mainly provide risk protection for specific intelligent driving scenarios and software and hardware losses of concern to consumers and automakers, and can be uniformly adapted to intelligent connected NEVs at all levels from L2 to L4.

[SMM Daily Chrome Review: The Ferrochrome Market Remained Stable, and Ore-Side Prices Saw No Adjustment for the Time Being] News on March 31, 2026: Fluctuations in the ferrochrome and chrome ore markets were limited...

[SMM Lead Morning Meeting Summary: Macro Factors and Fundamentals Present Both Bullish and Bearish Signals, and Lead Prices May Continue to Consolidate in the Short Term] Fed Chairman Powell released dovish signals, and the market once again bet on the possibility of an interest rate cut within the year. Recently, production at primary lead and secondary lead smelters has resumed, supply has been relatively ample, and imported lead has continued to flow into China...