Viewpoint: Macro guidance is temporarily paused, with mixed trends in non-ferrous metals. Funds are holding cash and waiting. Industrial output and electricity investment in May both maintained growth, but the impact on the market is limited, with doubts about the sustainability of this growth among funds. Mid-term macro weakness sentiment persists. On the supply side, […]
Weak Rebound, Temporary Stabilization Read More »
The International Energy Agency’s recently released “Global Critical Mineral Outlook 2024” report predicts that by 2030, the global rare earth element refining capacity will still be highly concentrated in certain countries or regions around the world, with China alone accounting for 77% of the global rare earth element refining capacity. The International Energy Agency said
China continues to dominate rare earth element extraction for another decade Read More »
On the busy production line of a certain steel plant, another revolutionary technology developed by Leimu is quietly changing the traditional continuous casting production method of this steel plant, helping the steel plant achieve an automatic blanking rate of more than 99% without manual intervention. , which has brought significant benefits to steel plants in
In May 2024, the price of rebar futures fell first and then rose, and the center of gravity moved up. As of the close of May 24, the closing price of rebar RB2410 was 3,788 yuan/ton, up 2.46% month-on-month. The spot prices of rebar in the north and south also rose, and the basis fluctuated
Galvanized steel sheets are special metal sheets with a layer of zinc plating on the surface of steel, which greatly improves the corrosion resistance of steel and plays the role of a zinc layer. It is a sacrificial layer that corrodes preferentially in the environment and protects the inside of the steel from damage. Galvanized
What is galvanized steel used for? Read More »
The key difference between 304 and 316 stainless steel that makes them different is the addition of molybdenum, an alloy that drastically enhances corrosion resistance, especially for more saline or chloride-exposed environments. 316 stainless steel contains molybdenum, but 304 does not. At WAYEN, we strive to be a trustworthy supplier of 304 stainless
What is the difference between 304 and 316 stainless steel? Read More »
To properly clean and maintain stainless steel products, follow these guidelines: Use mild soapy water to clean: Gently scrub the surface with warm soapy water and a soft cloth or sponge, avoiding abrasive cleaners to avoid scratching the stainless steel surface. Polishing after drying: After cleaning, dry the stainless steel product completely with a clean
How to properly clean and maintain stainless steel products? Read More »
Fed Officials’ Hawkish Comments Dampen CPI Optimism, LME Zinc Closed Down 0.38% Overnight; A Significant Drop in Processing Fees Deepens Raw Material Shortage Expectations, Surpassing Expectations in Domestic Real Estate Policies Boosts Zinc Prices, Expected Rise in Spot Zinc Prices Today. LME zinc surged and then fell last week, opening at $3128.5/ton, reaching a high
Processing Fee Drop Triggers Raw Material Shortage Read More »
Recently, aluminum prices have surged in the global market, reaching a near two-year high. This increase is primarily driven by supply concerns. Global mining giant Rio Tinto has announced a force majeure event on third-party contracts at its alumina refinery in Queensland, Australia, further pushing aluminum prices up. It is understood that Rio Tinto’s alumina
Aluminum Prices Surge to Nearly Two-Year High as Supply Concerns Intensify Read More »
The rise in oil prices and the fall of the US dollar index boosted market bullish confidence, resulting in LME aluminum closing up by 1.28% over the week. Frequent macroeconomic benefits in China supported strong gains in Shanghai aluminum, with aluminum ingot inventories remaining low. Today’s spot aluminum prices are expected to rise. The rise
China’s Macro-Economic Optimism Keeps Aluminum Prices in High Volatility Read More »
