Feb 6 (Reuters) - Gold premiums in India more than halved from decadal highs this week as price volatility deterred buyers, while a pullback from record prices lifted demand in China ahead of the Lunar New Year.

The SMM Imported Zinc Concentrate Index for this week is $53/dmt, with a 5.26% WoW increase. The SMM Imported Lead Concentrate average spot TC for this week is $-45/dmt.

Recently, data released by Thailand's Ministry of Industry showed that the number of Chinese automotive parts enterprises registered in Thailand reached 420 in Q1 2025, a threefold increase from 2020, with their share of foreign-funded enterprises surging from 7% to 22%. The Thailand Board of Investment (BOI) predicts that by 2030, the total investment by Chinese parts enterprises in Thailand will exceed $5 billion, driving the share of Thailand's new energy vehicle production from the current 5% to 30%. Dianchiwang (Battery Network) has noticed that in recent years, Chinese lithium battery enterprises have collectively moved "south" to Southeast Asia, accelerating their local factory construction and layout, with many enterprises establishing their first overseas factories in Southeast Asia.

The ASEAN Automotive Supply Chain Conference, organised by Shanghai Metal Market, was held at the Hilton Pattaya, Thailand, from June 18 to 19, 2024.

The European Commission announced the imposition of provisional countervailing duties on electric vehicles imported from China.

ICRA stated that the anticipated European Union carbon tax would likely minimally affect domestic primary aluminium producers.