[SMM Magnesium Flash News] On April 29, the Beijing Municipal Administration for Market Regulation released a notice indicating that this year it will implement a year-long special rectification campaign targeting the illegal modification of electric bicycles. In response to the typical issues identified during the special rectification campaign, the Beijing Municipal Administration for Market Regulation recently conducted warning interviews with eight electric bicycle manufacturers, including Yadea, Aima, Tailing, Ninebot, Niu, Xiaodao, Xinri, and Luyuan, as well as their sales and agency enterprises in Beijing.

Every $10 increase in crude oil prices is expected to raise the per-ton extraction cost of large iron ore mines by an average of $0.3, while the cost for small mines is expected to rise by about $2.85. High-cost small mines, especially iron concentrate producers, will be very vulnerable when facing cost shocks, and mines with different product types will face varying degrees of impact.