Spot silver down 3.00% intraday at $65.25/oz.

Sept 10 — Huamai Technology shares hit the daily limit-down after three consecutive limit-up sessions. The company said the share price movement reflected multiple factors including industry supply-demand and market sentiment. It flagged recent rises in optical fiber input costs for its optical cable products but said those price increases are not sustainable and may reverse, creating uncertainty for future earnings. On a reported discounted transfer by the controlling shareholder, Huamai said actual controller Xu Aimin is transferring part of his holdings by agreement to repay pledged-stock financing loans and reduce pledge risk.

Shanghai municipal government issued its Beautiful Shanghai “15th Five‑Year” construction plan, prioritizing a green, low‑carbon transport system. The plan mandates full conversion of public‑sector vehicles to new‑energy powertrains and sets a target for medium‑ and heavy‑duty new‑energy trucks to account for 30% of the fleet. Coastal ports must achieve full shore‑power coverage and ports and airports should largely electrify non‑road mobile machinery; new or replacement internal vehicles and non‑road equipment in key industries, parks and construction sites should be electric wherever possible. It also pushes river‑sea and container sea‑rail intermodal expansion, green upgrades for ports/airways/airports/highways, construction of an international green‑shipping fuel refueling and trading hub with extension to inland waterways, and accelerated rollout of charging and hydrogen refueling infrastructure including heavy‑truck charging and battery‑swap facilities at Yangshan, Waigaoqiao and major freight corridors.