DCE iron ore futures market rose by 3.07%. The main contract I2409 closed at 874. Trade merchants are actively shipping goods and have a strong willingness to hold prices；

Today's lithium carbonate market was stable with a minor decline, as the SMM index dropped to 110,825 yuan/ton (~$15,307.32 USD/ton), and futures fell by 0.73%.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Apr 18, 2024

SMM, April 17th - Recently, SAIC's IMAutomobile officially launched its new all-electric model IM L6, which is equipped with the "first-generation Lightyear solid-state battery" that is touted as the "industry's first 900V high-voltage ultra-fast charging solid-state battery". This has suddenly thrust solid-state batteries into the spotlight, drawing widespread market attention. Shortly after, at the 2024 GAC Technology Day, GAC Group unveiled a high-safety, high-capacity all-solid-state power battery. The group stated that all-solid-state batteries have three core advantages: ultra-high energy density, ultra-high safety, and large-capacity all-solid-state battery cells. It is expected that this all-solid-state battery will be installed in the Haobai model in 2026, further igniting the "solid-state battery" fire in the market.

DCE iron ore futures today, and experienced a significant increase in the afternoon. The main contract I2409 closed at 870, with a daily increase of 4.25%.