Nissan Motor today announced its performance in the Chinese market for November 2023, encompassing passenger vehicles and light commercial vehicles, achieving a combined monthly sales volume of 74,879...

Luo Qi, former head of software architecture, regulation, control, and vehicle interaction technology for Baidu's L2+ autonomous driving business, has joined NVIDIA's automotive division as Engineerin...

Geely-associated DreamSmart Group recently unveiled its new executive team on its official website. Former Chairman and CEO of DreamSmart Group, Mr. Shen Ziyu, is notably absent from the new executive...

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

On April 16, at the AICE 2025 SMM (20th) Aluminum Industry Conference and Aluminum Industry Expo—Main Forum, hosted by SMM Information & Technology Co., Ltd., SMM Metal Trading Center, and Shandong Aisi Information Technology Co., Ltd., and co-organized by Zhongyifeng Jinyi (Suzhou) Technology Co., Ltd. and Lezhi County Qianrun Investment Service Co., Ltd., price discovery economist Shiqi Qi shared the status and role of price discovery in the strategic positioning of the industry under the framework of global restructuring. Some excerpts from his speech are as follows: Regarding Price Discovery First, he elaborated on price discovery. As an important term in modern economics, price discovery was defined in 1997 as: "Price discovery refers to the process by which buyers and sellers agree on the price of a commodity in terms of quality and quantity at a given time and place, involving market structure, market behavior, market information, futures markets, and risk management." Western economics believes that the supply and demand process, due to the game between buyers and sellers, forms an equilibrium price through bidding. The 2020 Nobel Prize in Economics was awarded to the book "The Discovery of Price," authored by Paul R. Milgrom and Robert B. Wilson. The discovery of price mainly refers to the discovery of future prices. Because the discovery of prices that have already occurred or are occurring does not play a key role in the analysis of investors, enterprises, industries, or the global economic landscape. Western economics' research on future prices mainly involves incorporating information from company financial reports, policy changes, and insider information into prices through trading behavior. Simply put, they focus on trading volume, price fluctuations, liquidity, and the number of participants in investments, using these as important information resources for price discovery, and primarily employing traditional statistics in calculations. In recent years, new-type technological means such as big data and artificial intelligence have also been applied to price discovery. Artificial intelligence and big data mainly focus on short-term speculative behaviors regarding future price fluctuations, and are still in a blind spot for judging the major cycles of industries. The price of commodities is related to the following factors: First, consider the Earth as a square module, and divide it into grids of equal spacing (e.g., 10m×10m, 100m×100m). Establish a coordinate system on it, assigning unique coordinates to each grid (e.g., X-Y axis or latitude and longitude).

While the lead industry continues to develop, the supply imbalance of raw materials is also intensifying. In terms of lead concentrates, the tight supply situation has worsened. Due to gold and silver prices being at a relatively high level, smelters' demand for high-grade lead concentrates has increased, while domestic lead concentrate TCs have continuously hit new lows. Regarding scrap, according to the SMM survey, in recent years, the generation of scrap batteries and their processing capacity have not matched, leading to an oversupply of secondary lead capacity. In 2024, with new secondary lead capacity continuing to be released, domestic scrap supply is limited, and there is also a loss of scrap through exports. Additionally, during H1, the lead-acid battery market is in its traditional off-season, with battery scrap volumes at their lowest point of the year, further exacerbating the supply imbalance. To help industry professionals gain a clearer and more intuitive understanding of the global distribution of lead ingot raw material enterprises, Shanghai Metals Market (SMM) has partnered with Xiangtan Lufeng Machinery Co., Ltd. to launch the "2025 Global Lead Ingot Raw Material Enterprises Resource Distribution Map." After annotation and layout, it will be printed and distributed to upstream and downstream customers. The aim is to provide the industry with an authoritative, comprehensive, and professional overview of the lead ingot raw material industry, establishing a communication bridge between various companies in the industry chain, breaking down information barriers, and jointly promoting the healthy and green development of the lead industry. Xiangtan Lufeng Machinery Co., Ltd. is located in Xiangtan, the hometown of great leaders. Founded in 2010, the company now has a team of excellent technicians and skilled workers, along with a range of supporting equipment such as lathes, milling machines, boring machines, drilling machines, automatic feeding, and welding. The company mainly engages in the development, manufacturing, installation, and commissioning of mining, smelting, and construction machinery, as well as the upgrading and transformation of old equipment. Currently, the main products include complete sets of equipment and supporting equipment for smelting, such as automatic production lines for lead, zinc, and aluminum casting, anode casting units, cathode plate making units, crushers, slag casting machines, lead liquid stirring machines, spent anode washing units, lead pumps, and lead pots. The company always adheres to the principles of "integrity, positivity, responsibility, and cooperation," strictly controlling processes and upholding the management philosophy of "customer first," providing high-quality products and thoughtful after-sales service. We welcome both new and long-established customers to call for inquiries or visit us for a field trip. Contact Information Company Website: http://www.xtlfjx.com/ http://www.xtlfjx.cn/ Phone: 13637325838 (Chaoqun Wan) Fax: 073158267061 Email: wan@xtlfjx.com SMM Map Joint Production Contact Qi Lv 18361710903 lvqi@smm.cn