At 10 a.m. on March 28, the side-blown furnace of Jiangxi Jiangtong Tongxin Environmental Protection Resource Comprehensive Utilization and Environmental Protection Equipment Manufacturing Phase II Project was successfully ignited, marking the full commissioning of Jiangxi Copper Group’s first full-chain project for solid waste resource utilization and environmental protection equipment manufacturing.

According to data from Solarbe Consulting's price tracking, polysilicon prices declined slightly last week, with the average prices of N-type recharged, dense, and granular polysilicon being 39,200 yuan/mt, 35,600 yuan/mt, and 37,000 yuan/mt, respectively. Recently, polysilicon producers have continued to reduce their production schedules, and the issue of inventory backlog among polycrystalline silicon producers has become prominent, making it difficult to reverse the downward price trend in the short term. Prices in the wafer and solar cell segments have remained stable. In terms of PV modules, prices in the PV industry chain have rebounded since March. Despite the passing of the "430" installation rush period, the installation enthusiasm in May has not yet subsided. However, industry insiders generally believe that this price rebound is essentially just a temporary recovery amidst the interplay of industry supply and demand and market dynamics. As the installation rush subsides, the market price of modules has already shown a downward trend.

Zijin Mining Group: 2024 Net Profit Up 52% YoY, Resource Reserves, Production, and Operating Metrics of Key Minerals Such as Copper and Gold Hit Record Highs. Amid the soaring prices of gold and copper, Zijin Mining Group Co., Ltd. released its 2024 annual performance report on the evening of March 21. The resource reserves, production, and operating metrics of key minerals such as copper and gold reached new historical highs, with a net profit attributable to the parent company of 32.1 billion yuan, up 52% YoY. Zijin Mining plans to implement a 2024 annual cash dividend of 7.44 billion yuan, combined with the already completed semi-annual cash dividend of 2.66 billion yuan.

[How Will Ultra-High Voltage Investment Continue to Contribute to Zinc Consumption in 2025?] In 2024, the headquarters of the State Grid Corporation of China is expected to conduct ultra-high voltage project procurement in 26 batches, including 8 batches of equipment procurement, 6 batches of material procurement, and 12 batches of service procurement. By the end of 2024, ultra-high voltage equipment procurement will have reached a cumulative total of 27.16 billion yuan...

**【SMM Shanghai and Other 1# Lead Markets: Shanghai Lead Peaks Then Falls, Strong Wait-and-See Mood in the Spot Market】** SMM Report on November 14: In the Shanghai market, Honglu lead was priced at RMB 16,985-17,015 per tonne, with quotes of a discount of RMB 30-0 per tonne against the SHFE Lead 2412 contract; in the Jiangsu and Zhejiang regions, Tongguan and Jiangtong lead were reported at RMB 16,985-17,015 per tonne, also with quotes of a discount of RMB 30-0 per tonne against the SHFE Lead 2412 contract. After peaking, Shanghai lead prices fell, reversing yesterday's strong momentum, and holders began to sell as prices moved.....

[SMM Shanghai and Other Grade 1# Lead Markets: Shanghai Lead Surpasses 17,000 Yuan per Ton While Spot Transactions Relatively Weaken] SMM, September 26th: In the Shanghai market, Jijin lead was quoted at 16,770-16,800 yuan per ton, flat-water pricing against the SHFE lead 2410 contract; in Jiangsu and Zhejiang regions, Jiangtong lead was quoted at 16,770-16,820 yuan per ton, with a premium of 0-20 yuan per ton against the SHFE lead 2410 contract. Shanghai lead rallied strongly and surpassed the 17,000 yuan per ton threshold again in the morning session. Holders sold in line with the trend, and warehouse receipt prices remained largely unchanged...

[SMM Shanghai and Other 1# Lead Markets: Lead Prices Maintain Consolidation, Some Holders Expand Discount to Sell] SMM News on September 26: In the Shanghai market, Chihong lead was quoted at 16,700 yuan/ton, with a premium of 50 yuan/ton against the SHFE 2410 contract; Jijin lead was quoted at 16,650 yuan/ton, flat against the SHFE 2410 contract; Jiangtong lead in Jiangsu and Zhejiang regions was quoted at 16,650-16,670 yuan/ton, with a premium of 0-20 yuan/ton against the SHFE 2410 contract. SHFE lead maintained a consolidation trend, with holders' warehouse receipt quotes maintaining stable premiums and discounts, while the discounts for electrolytic lead refinery sources expanded...

【SMM Shanghai and Other 1# Lead Markets: Shanghai Lead Shows Weak Fluctuations and Spot Market Trading Activity Improves】 SMM News on September 23: In the Shanghai market, Chihong Lead was quoted at 16,365-16,390 yuan/ton, with a premium of 50 yuan/ton to the SHFE Lead 2410 contract; Jijin Lead was quoted at 16,315-16,340 yuan/ton, flat with the SHFE Lead 2410 contract; Jiangtong Lead in Jiangsu and Zhejiang regions was quoted at 16,315-16,360 yuan/ton, with a premium of 0-20 yuan/ton to the SHFE Lead 2410 contract. Shanghai Lead exhibited weak fluctuations, with suppliers shipping goods as prices moved, and downstream enterprises increasing inquiries...

[SMM Shanghai and Other 1# Lead Markets: Lead Prices Surge Upstream, Downstream Enterprises Maintain On-Demand Purchasing] SMM News on September 20: In the Shanghai market, Chihong lead is quoted at 16,685-16,740 yuan/ton, with a premium of 50 yuan/ton over the SHFE 2410 contract; in Jiangsu and Zhejiang regions, Jiangtong lead is quoted at 16,636-16,710 yuan/ton, with a premium of 0-20 yuan/ton over the SHFE 2410 contract. As SHFE lead prices surge, many holders are actively shipping their goods, and the quoted price premiums and discounts have changed little from yesterday. Meanwhile, the supply of electrolytic lead from smelters...

【SMM Shanghai and Other Grade 1 Lead Markets: Shanghai Lead Exhibits Wide Range of Fluctuations, Regional Improvement in Spot Market Transactions】 SMM, September 19: In the Shanghai market, the price of Chihong lead ranged from 16,455 to 16,480 yuan/ton, with a premium of 50 yuan/ton over the Shanghai Lead 2410 contract. In Jiangsu and Zhejiang regions, Jiangtong lead was quoted at 16,425-16,460 yuan/ton, with a premium of 20-30 yuan/ton over the Shanghai Lead 2410 contract. Shanghai Lead exhibited a wide range of fluctuations, with prices dipping during the first half of the trading session, accompanied by a small volume of transactions, and then shifting upwards in the latter half...