Recycling, utilization and prospects of copper scrap in China [SMM Copper Summit]
At the 2024 (19th) SMM Copper Industry Conference and Copper Industry Expo - Copper Raw Materials and Consumption Development Forum, jointly organized by SMM and Shandong Humon Smelting Co., Ltd., SMM Copper Senior Analyst Liang Kaihui analyzed China's copper scrap recycling, utilization and prospects.
On April 24, the premium of Jinchuan nickel was 1,700-1,900 yuan/ton, with an average premium of 1,800 yuan/ton, an increase of 200 yuan/ton compared with the previous trading day.
NPI prices rose amid limited supply [NPI daily review]
On April 25, SMM 8-12% high-grade NPI prices averaged 959 yuan/mtu (ex-factory, including tax), up 3 yuan/mtu compared with the previous working day.
Aluminum bonded zone inventory on April 25: inventory in the bonded zone rose slightly [SMM data]
On April 25, SMM statistics showed that aluminum inventory in Shanghai bonded zone was 29,200 tons, and the inventory in Guangdong bonded zone was 4,500 tons, with a total inventory of 33,700 tons, a weekly increase of 100 tons.
On April 22, WELION New Energy signed a strategic cooperation agreement with Yiwei Automotive Technology, the operating entity behind JAC Group's new energy vehicle brand Yiwei 钇为.