[Volvo Cars Will Cease Production of the EX30 in the US] Swedish automaker Volvo Cars said on March 16 that it would stop producing the small electric SUV EX30 and the EX30 crossover in the US later this year. Sales of these two car models in the US market will end after the 2026 model year, but the EX30 will continue to be sold in other markets, including Canada and Mexico.

[Magnesium Prices Stuck in Dilemma: Geopolitical Tensions, Cost Support, and Demand Surge Clash with High Supply] Reviewing the recent magnesium market, magnesium prices repeatedly fluctuated within the 16,600-16,700 range, with a relatively slow pace.

The current domestic rhenium spot market in China is characterized by differentiation across the industrial chain, two-way supply-demand game, and high-level consolidation. Overall market conditions are jointly driven by multiple factors, including macro investment sentiment, inventory restocking cycles, overseas supply chain risks, and domestic fundamental supply and demand. I. Upstream: Stable Price Range, Accelerated Shipments Major domestic upstream rhenium producers maintain stable raw material quotations, with the mainstream price range around 28,000. Only a small number of suppliers offer prices as high as around 30,000, forming a clear tiered price structure without major fluctuations. Recently, upstream producers have shown stronger willingness to sell, with a notable increase in shipment frequency. II. Midstream: Scheduled Production, Low Acceptance of High-Priced Ammonium Perrhenate Midstream refineries and rhenium processors are currently operating under scheduled production. Order deliveries are concentrated, with most manufacturers scheduled to fulfill orders in March and April.In terms of cost control and purchasing sentiment, midstream processors generally show low acceptance of high-priced ammonium perrhenate. Buyers tend to negotiate rationally and resist chasing high prices, which directly caps the upward room for ammonium perrhenate prices. III. Downstream: Cooling Investment Sentiment, Steady Recovery in Industrial Demand Downstream demand exhibits significant structural divergence between investment demand and industrial demand, which has become the key factor affecting short-term market sentiment. On the one hand, previously active investment demand has cooled, accompanied by panic selling among retail investors. Increasing low-price sell-offs have emerged in the market as holders offload at discounted prices to accelerate capital turnover, weighing on short-term spot transaction prices. On the other hand, industrial demand has steadily recovered and maintained growth. As the core rigid support for rhenium, the recovery of industrial demand provides a solid fundamental floor, offsetting part of the negative impact from investment-driven sell-offs. IV. Market Outlook Based on the macro environment and industrial supply-demand fundamentals, the domestic rhenium market is in a balanced game between bullish and bearish factors, keeping prices in high-level consolidation. Short-term Outlook Affected by the international macro environment, investment enthusiasm in the energy sector remains high, diverting capital away from non-ferrous metals. The overall weakening investment sentiment in the non-ferrous sector has spilled over to the niche strategic metal rhenium, suppressing investment demand.In addition, most market participants completed phased restocking around the Spring Festival, leaving inventories at relatively sufficient levels. As a result, raw material prices lack upward momentum, with limited room for significant gains in the short term. Long-term Outlook Geopolitical competition over critical minerals is intensifying. Progress in critical minerals negotiations between the U.S. and Chile, along with rising exclusive cooperation in global critical minerals supply chains, has reduced the stability of overseas ammonium perrhenate import channels and raised external supply risks.The expected tightening in ammonium perrhenate supply will provide strong support to market prices.

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Opened Sharply Lower in the Night Session and Maintained a Fluctuating Trend at Lows, While Spot Market Transactions Gradually Recovered]

Right now the price of gold sits around $5,100 an ounce, which is double where it sat just over one year ago. And the war in Iran could propel the price upwards even further.

【The daily average trading volume of used cars in China from February 9 to February 14 was 65,800 units. 】Data from the China Automobile Dealers Association showed that during February 9 to February 14, the domestic used car market exhibited typical pre-holiday trading characteristics, with a daily average transaction volume of 65,800 units, down 5.28% MoM from the previous week. Affected by multiple factors such as the Spring Festival travel rush, suspension of logistics, and extended consumer car purchase decision-making cycles, the used car market typically enters an off-season in the week before the holiday.

[He Xiaopeng: Large Computing Power and Large Models Will Jointly Define the Upper Limit of AI Cars] Recently, He Xiaopeng, Chairman and CEO of XPeng Motors, pointed out that large computing power and large models will jointly define the upper limit of AI cars. He Xiaopeng believes that computing power determines the size of the model that can be used, while the model determines the amount of high-quality data that can be utilized. "Computing power is the first criterion for making good AI cars in the next era," he said. "To evaluate how well intelligent driving performs, we must first look at how much computing power it has, and then the size of the model it runs." "We are already pre-training, including reinforcing a huge model with 72 billion parameters," he revealed.

[Cutting Off the Gray Interest Chain of "Zero-Kilometer Used Cars" to Maintain Market Order in Multiple Dimensions] Recently, the topic of "zero-kilometer used cars" has been pushed to the center of public opinion, sparking numerous discussions. The so-called "zero-kilometer used cars" refer to new vehicles that are circulated as used cars without ever being used after being registered. Behind this chaos lies the essence of false transactions where "the left hand passes to the right hand." Facing the risks exposed by the chaos of "zero-kilometer used cars," the author believes that it is necessary to make efforts from multiple dimensions to maintain a normal market order. First, strengthen the supervision of the registration and market entry of used cars; second, enhance industry-wide self-discipline; third, cultivate good consumption habits among consumers.

Industry insiders say that flying cars are at the tipping point of an industrial explosion, with technology, policies, and market demand forming a resonance. Transitioning from demonstration operations to large-scale adoption still requires overcoming the triple challenges of technological maturity, regulatory completeness, and user acceptance. In the future, flying cars are expected to reshape urban three-dimensional transportation systems, making "air travel" a daily occurrence.

【Auto Rally! Three Central State-Owned Enterprises Collectively Announce Share Buybacks, China's Auto Market Expected to Grow Steadily Amid "Tariff Storm"】①According to preliminary statistics by reporters, at the OEM level, JAC, Zhongtong Bus, and Seres have successively disclosed share buyback plans, with a total maximum amount of approximately 250 million yuan. ②Wang Qing, Deputy Director of the Market Economy Research Institute at the Development Research Center of the State Council, stated that, based on comprehensive judgment, China's auto sales are expected to grow by 3%-4% in 2025, barring new disruptive factors. (Cailian Press)