From:ChinaDaily | 2021-05-11 11:24
BEIJING - China s vehicle inventory alert index, which reflects the inventory pressure on automobile dealers, rose 0.9 percentage points month-on-month in April, industrial data showed.
The index stood at 56.4 percent in April, down 0.4 percentage points from a year ago, according to the China Automobile Dealers Association.
A higher reading indicates weaker market demand, higher inventory pressure and greater risks. The month-on-month rise is mainly due to insufficient market demand and declining sales last month, said the association.
Despite the strong demand recovery after the May Day holiday and insufficient chip supply, the inventory can meet the market demand in the next two months, it said.
China leads global EV battery sector s expansion By Li Fusheng | chinadaily.com.cn | Updated: 2021-05-10 13:51 Share Workers check up batteries at CATL s automatic production in Ningde, Fujian province. [Photo/Xinhua]
Carmakers and battery companies announced 27 manufacturing projects globally for electric car batteries as well as related components and materials in the quarter of 2021 , and China topped the list of countries with seven projects.
The combined investment of the 27 projects totaled $26.7 billion, which was $5 billion more than all the projects in the whole of 2020, according to statistics Fitch Solutions released on Monday.
Fitch Solutions is a unit of global financial information services provider Fitch Group.
2021-05-10 12:30:29 GMT2021-05-10 20:30:29(Beijing Time) Xinhua English
BEIJING, May 10 (Xinhua) China s vehicle inventory alert index, which reflects the inventory pressure on automobile dealers, rose 0.9 percentage points month on month in April, industrial data showed.
The index stood at 56.4 percent in April, down 0.4 percentage points from a year ago, according to the China Automobile Dealers Association.
A higher reading indicates weaker market demand, higher inventory pressure and greater risks. The month-on-month rise is mainly due to insufficient market demand and declining sales last month, said the association.
Despite the strong demand recovery after the May Day holiday and insufficient chip supply, the inventory can meet the market demand in the next two months, it said.
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Here’s a quick rundown of news and thoughts from particular commodity markets, including materials price support from EV battery demand, the Department of Energy s funding of projects to boost production of rare earths and critical minerals, hot rolled coil prices and much more.
MetalMiner, a sister site of ours, scours the landscape for what matters. This week:
Price support from EV battery demand
As automakers and, in turn, consumers continue to incrementally embrace electric vehicles, that demand is also supporting prices for battery materials.
Among those battery materials is cobalt, of which a majority of global mine output comes from the Democratic Republic of the Congo.
The global shortage of semi-conductor chips has brought record profits for Taiwan Semiconductor Manufacturing Company (TSMC) but left the company torn between its two customers, the United States, and China.
TSMC has a 28 per cent share of the global market for matured nodes (40 nanometre and below), ranking first, followed by UMC of Taiwan with 13 per cent, Semiconductor Manufacturing International Corporation of China with 11 per cent and Samsung of South Korea with 10 per cent, according to a report by Counterpoints Research in February.
Never has demand been so strong and the product so important.
At a meeting in Washington earlier this month, President Joe Biden said that the U.S. should be the world’s computer chip leader. Currently it produces just 12 per cent of global supply.