On January 22, Chery's JETOUR brand introduced a new luxury off-road product range, named JETOUR Zongheng (name in Chinese pinyin).

On March 1, the Foreign Trade Secretariat of the Ministry of Development, Industry, Trade and Services of Brazil issued Announcement No. 9 of 2024, stating that it had initiated an anti-dumping investigation on tinned chrome coils originating in China in response to an application submitted by the Brazilian domestic company Companhia Siderúrgica Nacional on October 6, 2023. The products involved in the case are alloy or non-alloy tinned chrome coils with a thickness of less than 0.5 mm of any width, and the tax codes involved in the South Common City are 7210.12.00, 7210.50.00, etc.

Cathode active material (CAM) output varied in March. On the supply side, lithium salt prices plunged, which, coupled with poor demand from power battery and energy storage sectors, aroused a strong wait-and-see sentiment among CAM producers.

UBS Chairman Colm Kelleher said on Wednesday (April 5) that there are "significant risks" in the integration of Credit Suisse and that the full integration will take a long time.

CAM demand recovered slowly in March.

SMM News on June 17: According to SMM, Guangxi Yusheng Germanium Industry High-Tech Co., Ltd. has launched a public tender for the sale of its germanium ingots and germanium dioxide starting today. According to official information, this batch of goods includes 1,000 kg of germanium dioxide and 1,000 kg of zone-refined germanium ingots, all of which are spot cargo. The cargo pick-up time must be before June 30, 2025, and the content will be subject to laboratory analysis. The minimum bid quantity is 300 kg for germanium dioxide and 200 kg for zone-refined germanium ingots. The lowest bid prices are 10,600 yuan/kg for germanium dioxide and 16,000 yuan/kg for zone-refined germanium ingots. The delivery method is self pick-up by the buyer, and the freight will be borne by the buyer. The bidding period ends on June 22, 2025. The email address for submitting bids is: 18207781271@163.com. Contact person: Mr. Peng, phone number: 13768181116.

On April 6, Yibin Tianyuan Group Co. commissioned the first phase of the lithium iron phosphate CAM project with annual production of 100,000 mt.

Since successfully completing the LME (London Metal Exchange) brand certification, China Nonferrous Luanshya Copper Mines Plc (hereinafter referred to as "CNLM") has seized the opportunity of global copper demand growth, accelerated the globalization of its brand, expanded the international market for CLM copper cathode, continuously optimized supply chain management, and promoted the better conversion of achievements in increasing reserves and production into corporate economic benefits. In 2024, it achieved a brand premium of $630,000; in Q1 2025, the qualification rate of Grade A copper reached 100%, achieving a brand premium of $490,000. Grade A copper cathode with a purity of 99.999% CNLM attaches great importance to the compliance and sustainability of supply chain management. In the 2024 external audit assessment of supply chain due diligence management, it continued to maintain a leading position in the industry, obtaining the highest rating among the assessed enterprises—the AA-level rating certificate. This highlights CNLM's outstanding performance in supply chain management, compliant operations, and sustainable development, further enhancing international customers' trust in the CLM copper cathode brand and providing strong support for global sales expansion. While ensuring domestic demand, CNLM has actively explored the international market for its branded copper products. Currently, CLM copper cathode has been exported to Africa, Asia, and the Middle East, and has successfully expanded into the European and North American markets. Since 2025, CNLM has also fully tapped the potential of the local market in Zambia, reaching a long-term cooperation agreement with local cable producers. This not only broadens the sales channels for CLM copper cathode and improves profitability but also enhances the added value of local copper industry products, contributing to Zambia's economic development with practical actions. Going forward, CNLM will steadily advance the special initiative of increasing reserves and production. Based on "increasing reserves" and relying on "boosting production" to enhance efficiency, it will strengthen technological empowerment, continuously improve product quality, and accelerate the globalization process of the CLM copper cathode brand, making greater contributions to China Nonferrous Metal Mining (Group) Co., Ltd. in building a world-class mining enterprise with international competitiveness.

Following US President Trump's announcement to temporarily suspend reciprocal tariffs on most countries, the US stock market surged across the board, with the Nasdaq Composite Index skyrocketing over 12% on Wednesday. However, historically, every stock market crash has seen similar significant rallies like Wednesday's. The Nasdaq Composite Index recorded its second-best single-day performance in history on Wednesday, also marking the largest single-day gain since January 2001 (during the dot-com bubble burst). Including Wednesday's performance, 22 of the Nasdaq's 25 best trading days in history occurred during the dot-com bubble burst, the 2008-09 financial crisis, or the early stages of the COVID-19 pandemic. Another was on October 21, two days after the 1987 "Black Monday," and one more in November 2022. It is not difficult to see that the Nasdaq's largest single-day gains almost always occur during market crashes, often referred to as "dead cat bounces," "relief rallies," or "short covering," a phenomenon not uncommon during Wall Street's darkest hours. Historically, the worst-performing month was October 1987, with a 27% decline. This was followed by a 23% drop in November 2000. March 2020 also saw a significant 10% decline. So far this month, the Nasdaq has fallen 1% cumulatively, following Wednesday's astonishing rebound, marking the worst quarterly performance since 2022 for the index in the first three months of the year. Trump's latest decision contributed to Wednesday's rally, although the previous market crash was also his doing. Trump stated on social media platform X on Wednesday that tariffs on most US trading partners would be temporarily reduced to 10% within the next 90 days, leaving room for negotiations. This statement boosted market optimism, leading investors to believe that the tariff measures would not be as severe as expected, immediately lifting the market previously impacted by his reciprocal tariff plans. The biggest difference between this market turmoil and the declines in 1987, 2000-2001, 2008, and 2020 is that many investors believe this crash could have been easily avoided and might reverse with changes in Trump's policies. Regarding Trump's latest decision, Wedbush analyst Dan Ives commented that after the president "self-destructed," this is "the news we and all of Wall Street have been waiting for." However, attempting to predict Trump's next move is futile, and for the market, all uncertainties remain.

Data show that Treasury bonds with maturities of 10 years or more have fallen by 46% since peaking in March 2020, which is not far removed from the 49% plunge in US stocks after the dot-com bubble burst at the turn of the century.