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Daiwa Capital Markets: The price of lithium may fall further in the first half of 2025. Daiwa Capital Markets said in a research report to customers that the global lithium supply is expected to increase by 12-28% in 2025-2026, which is due to the increase in production in major regions such as Argentina, Australia and Africa. However, the team warned that lithium prices may still be under pressure due to oversupply. At present, the price of LCE (lithium carbonate equivalent) in China is about 78,000 yuan/ton, but Yamato predicts that the price of LCE will be reduced to 75,000 yuan/ton by 2025 due to the increase in the output of low-cost mines. Yamato said: "The current price of lithium is not enough to prevent low-cost mines from increasing production." The demand for lithium, especially for electric vehicles (EV) and energy storage systems (ESS), is expected to slow down. Yamato believes that the slowdown in demand growth, coupled with the increase in supply, indicates that lithium prices may be difficult to maintain their recent highs.White House: The Ministry of Commerce has agreed to the preliminary terms of an additional investment of $275 million with Micron Technology (MU.O) to expand the factory in Manacas, Virginia.Two domestic bonds of Sunac have passed the restructuring vote, and two bonds of Sunac, H6 Rongdi 01 and H0 Sunac 03, have taken the lead in the restructuring vote. The other eight bonds still have two weeks to vote, and the voting results of the overall restructuring of ten bonds will finally be ushered in on December 23rd. Previously, on November 27th, Sunac announced a debt restructuring plan for domestic debt with a total amount of about 15.4 billion, which was divided into four ways: cash tender offer, debt-for-equity swap, debt-for-equity swap and debt retention extension. Compared with other schemes such as bankruptcy reorganization, the arrangement of compulsory debt reduction is more friendly to creditors. An unnamed creditor said that Sunac can truly protect the long-term interests of all creditors and investors only if it resumes healthy operation as soon as possible. (Seeing Real Estate)

FTSE China A50 index futures fell to 3%.The Turkish Foreign Ministry strongly condemns Israel's entry into Syrian territory.Shibor reported 1.4700% overnight, down 4.6 basis points; In 7 days, shibor reported 1.7840%, up 4.8 basis points; In three months, shibor reported 1.7480%, down 0.5 basis point.

Navigation warning! In the sea shooting test in the southern part of the Yellow Sea, Lianyungang Maritime Safety Administration issued a navigation warning. From 8: 00 to 14: 00 on December 11, some sea areas in the southern part of the Yellow Sea were fired with live ammunition, and it was forbidden to enter. (Website of China Maritime Safety Administration)Wuyang Auto-control: The shares continue to be suspended during the negotiation of the change of control rights. Wuyang Auto-control announced that the controlling shareholder and actual controller Hou Youfu and Cai Min are planning the share transfer, and the total share transfer ratio is expected to account for 13.01% of the company's total share capital. At the same time, Hou Youfu and Cai Min entrust the voting rights corresponding to their 6.73% of the company's shares. The counterparties are Yonghong Enterprise Management Center and natural person Liu Jianrong. If the above transactions are carried out smoothly, the company's control rights will be changed. As of the disclosure date of this announcement, the parties to the transaction have negotiated the equity transfer plan. Up to now, the matter is still under negotiation, and the parties to the transaction have not signed the agreement. The company's shares will continue to be suspended from the opening of the market on the morning of Wednesday, December 11, 2024. It is estimated that the suspension time will not exceed 3 trading days.General Administration of Customs: In the first 11 months, the import and export of private enterprises was 21.99 trillion yuan, accounting for 55.3% of China's total foreign trade. According to the data of the General Administration of Customs, in the first 11 months, the import and export of private enterprises was 21.99 trillion yuan, up 8.7%, accounting for 55.3% of China's total foreign trade, up 2 percentage points over the same period last year. Among them, the export was 14.86 trillion yuan, up 9.2%, accounting for 64.5% of China's total export value; Imports amounted to 7.13 trillion yuan, up 7.9%, accounting for 42.6% of China's total import value. In the same period, the import and export of foreign-invested enterprises reached 11.67 trillion yuan, up by 1.1%, accounting for 29.3% of China's total foreign trade. Among them, exports were 6.36 trillion yuan, an increase of 2.1%; Imports reached 5.31 trillion yuan, down 0.1%. The import and export of state-owned enterprises was 6.04 trillion yuan, down 0.7%, accounting for 15.2% of China's total foreign trade. Among them, the export was 1.79 trillion yuan, an increase of 3.9%; Imports were 4.25 trillion yuan, down 2.5%. (General Administration of Customs)