Will the steel industry impose production restrictions? Baosteel: It is highly probable. The Group will focus on supporting the listed company.

The "shovel seller" in the heterojunction sector struggles to maintain its glory: Maxwell Technologies faces high inventory and accounts receivable, with impairment provisions exceeding 500 million yuan

Decline in unit selling price + increase in costs such as tariffs, Canadian Solar's revenue and net profit both declined in Q1

①In 2024, the significant decline in the selling price of Canadian Solar's PV modules was the main drag, but the revenue from its energy storage system (ESS) business achieved rapid growth, becoming a new profit growth point. ②From the perspective of changes in product mix, Canadian Solar is gradually shifting towards the ESS sector, with a notable increase in the proportion of its ESS business.

Decline in unit selling price + increase in costs such as tariffs, Canadian Solar's revenue and net profit both declined in Q1

MMi Daily Iron Ore Report (April 28)

MMi Iron Ore Port Spot Cargoes Index Report (28th)

Today, Dalian iron ore futures fluctuated rangebound, with the most-traded contract I2509 closing at 710.5, down 0.49% for the day. Traders' willingness to sell was moderate; some steel mills had not yet completed restocking, and their purchase willingness was good. The market trading atmosphere was moderate.

Farizon Auto, Bosch Commercial Vehicle Group forge strategic partnership to advance methanol-hydrogen electric technologies

Another lithium battery cathode material project has been temporarily suspended

National Energy Administration: China's Installed Capacity of Wind and Solar Power Surpasses That of Thermal Power for the First Time

On April 25, the National Energy Administration announced that in Q1 2025, China's combined new installations of wind and PV power generation reached 74.33 million kW, with cumulative installations reaching 1.482 billion kW (including 536 million kW of wind power and 946 million kW of PV power), surpassing thermal power installations (1.451 billion kW) for the first time. In the future, as new installations of wind and PV power continue to grow rapidly, it will become the norm for wind and PV power installations to exceed thermal power installations.

[SMM Analysis] At the beginning of this week, the spot price of Co3O4 declined slightly

At the beginning of this week, the spot price of Co3O4 declined slightly. Supply side, the market performance was sluggish, with some smelters lowering their quotes and showing increased willingness to sell. However, the overall trading activity remained low...