1. The Guangzhou Futures Exchange (GFE) has adjusted the transaction fees for platinum, palladium, and lithium carbonate futures, the trading limits for polysilicon futures, and the daily price limits and margin requirements for platinum and palladium futures.
2. The Shanghai Gold Exchange (SGE) announced that numerous factors have recently contributed to market instability, leading to significant fluctuations in precious metal prices. Members are urged to enhance their risk awareness, continue to prepare contingency plans, and maintain stable market operations. Investors are also advised to manage risk effectively, control their positions appropriately, and invest prudently.
3. The National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) have released several opinions on promoting the large-scale development of concentrated solar power (CSP). The opinions propose actively promoting the construction of CSP projects, continuously expanding new application scenarios for CSP development, and ensuring the large-scale development of CSP. By 2030, the total installed capacity of CSP is expected to reach approximately 15 million kilowatts, with the cost per kilowatt-hour roughly equivalent to that of coal-fired power.
4. According to data from the China Iron and Steel Association, in mid-December, the social inventory of five major steel products in 21 cities was 7.48 million tons, a decrease of 470,000 tons, or 5.9%, compared to the previous month, with the decline in inventory continuing to widen; an increase of 890,000 tons, or 13.5%, compared to the beginning of the year; and an increase of 770,000 tons, or 11.5%, compared to the same period last year.
5. The Indonesian Biodiesel Producers Association revealed on Tuesday that Indonesia's biofuel quota for 2026 is 15.646 million kiloliters, to meet the mandatory requirements for domestic fuel blending. The Indonesian government is currently conducting a series of tests on the B50 standard, and the entire testing period is expected to last up to eight months.
6. A relevant person in charge of the Guangzhou Futures Exchange stated that the polysilicon futures delivery quality standard is designed according to industry needs, and the relevant indicators are based on national standards, and there is no situation where it exceeds the standards of downstream products.
7. The Tin Industry Branch of the China Nonferrous Metals Industry Association issued a proposal, pointing out that the sharp rise in costs has brought heavy pressure, and some small and medium-sized enterprises have fallen into the predicament of "not being able to afford raw materials and not daring to accept orders." We urge all market participants to maintain a rational and cautious attitude, avoid blindly following the crowd, objectively assess market conditions, resist speculative behavior that violates objective market laws, and work together to guide prices back to a reasonable range, thus improving a long-term and stable market mechanism!
8. The China Nonferrous Metals Industry Association Lithium Branch released its November 2025 lithium industry operating report. In November 2025, lithium carbonate futures prices gradually rose, with increasing volatility. Third-quarter results for lithium companies improved, and the market is optimistic about future lithium prices.
9. ANRPC's latest November 2025 report predicts that global natural rubber production in November is expected to decrease by 2.6% to 1.474 million tons, a 1.5% decrease from the previous month; natural rubber consumption is expected to decrease by 1.4% to 1.248 million tons, a 0.9% decrease from the previous month.
