• Mill Margins Under Severe Pressure: Chinese steel mill profitability has fallen to about 51%, reflecting a sharp deterioration in sector economics in recent weeks.
• Speculation-Driven Price Decline: Lithium carbonate fell to a three-month low based on restart speculation alone, without formal confirmation from CATL.
• Titanium Shows Sustained Weakness: Titanium fell to 47.50 CNY/KG on June 30, down 2.06% daily and nearly 6% year-on-year, reflecting persistent price softness.
• Daily Decline of 2.06%: Titanium fell to 47.50 CNY/KG on June 30, 2026, down 2.06% from the previous day's trading.
• Modest Daily Decline: HRC Steel fell to 1,165.94 USD/T on June 30, 2026, down 0.86% from the previous day's trading.
• Historic Quarterly Declines: Gold is down roughly 14% and silver over 20% for the quarter, marking some of the steepest precious metals declines in over a decade.
• Broad-Based Metals Decline: Gold, silver, platinum, and copper have all fallen to multi-month lows simultaneously amid the same Fed policy shift.
• Both Metals at Multi-Month Lows: Platinum has fallen to a seven-month low while gold sits near its weakest level since November 2025, both pressured by the same Fed shift.
• Energy Risk Driving Inflation Fears: Rising Middle East energy prices have erased Fed rate-cut expectations, directly weighing on gold, silver, and platinum prices.
• Three-Month Low for Lithium Prices: Lithium carbonate prices in China fell to CNY 151,750 per tonne, the lowest level in three months, on restart speculation.