The fundamental challenge in the 304 stainless steel industrial chain is Instrument Asymmetry, a scenario where the dominant cost driver, Nickel Pig Iron (NPI), lacks a direct futures contract and forces participants to manage 75% of their risk using standardized proxies like pure nickel. This creates a lethal threat not from price volatility itself, but from the Basis Risk that occurs when physical assets and hedging tools decouple.

On April 24, the tender announcement for the energy storage system of the Qionghai Yangjiang 100MW agricultural-photovoltaic complementary PV power generation project, developed by the Hainan New Energy Development Company of Shanghai Guoneng Hudian (Shanghai) Engineering Technology Co., Ltd., was released. The project is located in Yangjiang Town, Qionghai City, Hainan Province, and the tender scope includes one set of a 25MW/50MWh energy storage system. Bidders are required to have at least two supply performance records of domestic energy storage integration system projects with a single project capacity of 50MWh (DC side) or above from April 2020 to the bid submission deadline (subject to the contract signing date). Tender Announcement for the Energy Storage System of the Qionghai Yangjiang 100MW Agricultural-Photovoltaic Complementary PV Power Generation Project by the Hainan New Energy Development Company of Shanghai Guoneng Hudian (Shanghai) Engineering Technology Co., Ltd. Chapter 1 Open Tender 1. Tender Conditions The name of this tender project is: Open Tender for the Energy Storage System of the Qionghai Yangjiang 100MW Agricultural-Photovoltaic Complementary PV Power Generation Project by the Hainan New Energy Development Company of Shanghai Guoneng Hudian (Shanghai) Engineering Technology Co., Ltd. The project tender number is CEZB250603638. The bid inviter is Guoneng Hudian (Shanghai) Engineering Technology Co., Ltd., and the project unit is Guoneng Hudian (Shanghai) Engineering Technology Co., Ltd. The funding source is self-raised. The tender agency is China Energy Group International Engineering Consulting Co., Ltd. This project has met the tender conditions, and a domestic post-qualification open tender is now being conducted for this project. 2. Project Overview and Tender Scope 2.1 Project Overview, Tender Scope, and Section (Package) Division: This project is located in Yangjiang Town, Qionghai City, Hainan Province. Qionghai City is located in the eastern part of Hainan Province, bordering the South China Sea to the east, Wenchang City and Ding'an County to the north, Tunchang County and Qiongzhong Li and Miao Autonomous County to the west, and Wanning City to the south, with a regional area of 3,240.8 square kilometers. Qionghai City has a tropical maritime monsoon climate with indistinct seasons and an average temperature of 24.8°C. Hainan Qionghai City has a tropical monsoon climate, characterized by indistinct seasons, no extreme heat in summer, no severe cold in winter, small annual temperature differences, high annual average temperatures; distinct dry and rainy seasons, drought in winter and spring, and heavy rain in summer and autumn, with frequent tropical cyclones. The project center is located in Yangjiang Town, Qionghai City, Hainan Province, with coordinates of 110.3335° east longitude and 19.04897° north latitude, covering a total area of approximately 1,950 mu, mainly consisting of garden land. According to the site survey, the current ground attachments are mainly betel nut trees and banana trees, with relatively abundant vegetation. The site is located in a low-latitude tropical region, characterized by a tropical maritime climate, with warm and dry springs, hot and rainy summers, and typhoon and rainstorm-prone autumns. The annual sunshine duration is long, with high radiation energy, exceeding 2,000 hours of annual sunshine, and solar radiation reaching 110,000 to 120,000 calories. The annual average temperature is 24.9°C, with the highest average temperature around 29.3°C and the lowest average temperature around 20°C. The annual average precipitation is 1,664 mm, with an average daily rainfall of over 0.1 mm on more than 150 rainy days. The annual average evaporation is 1,834 mm, and the average relative humidity is 85%. The prevailing winds are southeast and east, with an annual average wind speed of 3.4 m/s. Qionghai, Hainan, is a typhoon-prone area, with a total of 17 typhoons landing in Qionghai, including two with wind speeds above level 14. According to the "China Southern Power Grid Coastal Area 30 (50) Year Return Period Design Basic Wind Speed Distribution Map (2022 Edition) - Hainan Province 50-Year Return Period Wind Zone Map," the 50-year return period design wind speed for Yangjiang, Qionghai, is 37 m/s, corresponding to a basic wind pressure of 0.86 kN/m². Considering Qionghai is a typhoon-prone area and the losses caused by the 2024 Capricorn Typhoon to the PV industry, it is recommended that this project be designed to resist level 14 typhoons with a basic wind pressure of 1.10 kN/m². Tender Scope: One set of a 25MW/50MWh energy storage system. Delivery Period: Within 45 days from the date of receiving the formal written production schedule notice from the bid inviter after the contract is signed and takes effect. Delivery Location: Qionghai Yangjiang Project Site 2.2 Others: / 3. Bidder Qualification Requirements 3.1 Qualification Conditions and Performance Requirements: [1] Qualification Requirements: (1) The bidder must be a legally registered independent legal entity or other organization and must provide valid proof documents. (2) The bidder must be the manufacturer of the battery cells for the energy storage system, the manufacturer of the energy storage PACK, the manufacturer of the energy storage Power Conversion System (PCS), or the manufacturer of the energy storage Battery Management System (BMS) for the tender subject. [2] Financial Requirements: / [3] Performance Requirements: From April 2020 to the bid submission deadline (subject to the contract signing date), the bidder must have at least two supply performance records of domestic energy storage integration system projects with a single project capacity of 50MWh (DC side) or above. The bidder must provide contracts that meet the tender performance requirements, and the scanned copies of the contracts must include at least: the contract signing pages of both buyers and sellers, the contract signing time, and the key information pages of the performance requirements. [4] Reputation Requirements: / [5] Other Requirements: The bidder must provide valid type test reports or product certification certificates issued by third-party testing agencies for the products (energy storage battery cells, energy storage PCS, energy storage BMS) being bid. 3.2 Joint bids are not accepted for this project. 3.3 Agent bids are not accepted for this project.

India's largest state-owned iron ore producer, NMDC, released its production and sales report for December 2024 and the full year. The details are as follows: Production: In December 2024, NMDC's iron ore production reached 4.71 million mt, up 5.1% YoY. For the full year 2024, iron ore production totaled 30.77 million mt, down 3.18% YoY. Specifically, Chhattisgarh's iron ore production in 2024 was 20.47 million mt, down 4.61% YoY, accounting for approximately 66.52% of NMDC's total annual production. Karnataka's iron ore production in 2024 was 10.3 million mt, down 0.19% YoY, accounting for approximately 33.48% of NMDC's total annual production. Sales: In December 2024, iron ore sales were 3.91 million mt, down 6.7% YoY. For the full year 2024, iron ore sales declined 0.44% to 31.8 million mt. Specifically, Chhattisgarh's iron ore sales in 2024 were 22.43 million mt, up 1.22% YoY, accounting for approximately 69.38% of NMDC's total annual sales. Karnataka's iron ore sales in 2024 were 9.37 million mt, down 4.19% YoY, accounting for approximately 30.62% of NMDC's total annual sales. The decline in NMDC's production and sales in 2024 was mainly due to a workers' strike in May 2024 over wage issues, which disrupted production at mines in Chhattisgarh and Karnataka. Additionally, since Q3, local monsoon weather in India significantly impacted iron ore production during July-August. As early as Q3 2023, NMDC formulated a capacity expansion plan to increase its annual iron ore production from 45 million mt in FY2024 to 67 million mt in FY2025, with a target of achieving 100 million mt of annual production by 2030. If successfully implemented, this expansion plan is expected to increase its market share in India's iron ore market from 20% to 25%.

Selenium is a chemical element with the symbol Se and atomic number 34. It is a non-metal that exists in several different forms or allotropes. The most stable form is a dense purplish-gray semimetallic form, which conducts electricity better in the light than in the dark, making it a coveted component in various industrial applications. Given its unique properties, Selenium is utilized in a range of sectors, from technology to healthcare, making it a highly valuable element.

Wind power is mainly in Asia, Europe, and the Americas.

SHANGHAI, May 16 (SMM) -In April, 2.67 million wmt of nickel ore arrived at Chinese ports, up 42.36% MoM, while 2.36 million wmt of nickel ore departed from the Philippines, also up 52.3% MoM.