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Institution: The battery price stabilized in November, and it is expected to rise slightly in 2025. On December 12, according to the latest research of TrendForce Jibang Consulting, in November 2024, the sales of electric vehicles in China continued to increase, which boosted the demand for power batteries, and the price of Ferrous lithium phosphate batteries remained stable, while the ternary batteries declined slightly. The demand for batteries in the energy storage market maintained the peak season characteristics, and with the price advantage of large-capacity batteries, the proportion of shipments increased. However, the average price of energy storage batteries continued to decline in November due to the slowdown in demand for orders at the end of the year. The agency expects that the price of some lithium battery materials may rise slightly in the peak season of 2025, which is expected to repair the serious losses of the company in the early stage. However, due to the fact that the relationship between supply and demand has not changed from surplus to shortage, the expected increase in material prices is limited, and battery manufacturers actively control costs, the battery price trend will be stable next year.Shanghai Minhang issued 50 opinions to promote high-quality industrial development and strengthen high-quality financial empowerment. The Minhang District People's Government of Shanghai issued the Policy Opinions on High-quality Industrial Development in Minhang District (Trial) on December 12, aiming at improving the basic industrial capacity and the modernization level of industrial chain, accelerating the concentration of various advanced production factors to the development of new-quality productive forces, and promoting the high-quality industrial development in Minhang District. The opinion proposes to strengthen the empowerment of high-quality finance, form a 30 billion yuan "special loan for high-quality development of enterprises in Minhang District", give preferential interest rates to loans, and give subsidies according to a certain proportion of loan interest. Form a credit line of 20 billion yuan "Minhang District Special Loan for Supporting New Infrastructure Construction" to give gradient support to various fixed assets projects.Kuwait set the price of crude oil sold to the Mediterranean region and northwest Europe in January at a discount of $4.90 per barrel.

Pakistan KSE-100 index rose 0.5% to 111,504.90.Sino-Vietnamese communication is more convenient! The number of entry-exit personnel at Dongxing Port exceeded 8 million. With the continuous optimization of entry-exit policies, the number of entry-exit personnel at Dongxing Port, the border land port with the largest passenger flow between China and Vietnam, exceeded 8 million. According to the statistics of Dongxing Entry-Exit Frontier Inspection Station, the daily average passenger flow at Dongxing Port exceeds 20,000.Another ruling party member supported the impeachment of Yin Xiyue. On the morning of 12th local time, Zhongwu Qin, a famous Korean shooter, Olympic champion and member of parliament of the ruling National Power Party, expressed his support for the impeachment of President Yin Xiyue. At present, six members of parliament of the ruling party have publicly indicated that they will support the impeachment case of President Yin Xiyue. Earlier, South Korea's ruling National Power Party MP Kim Jae-sub announced on the 11th that he would vote in favor of the next presidential impeachment case, bringing the number of ruling party MPs in favor of impeaching President Yin Xiyue to five. South Korea's pan-opposition party has 192 seats in the National Assembly. If the impeachment motion is to be passed in the National Assembly, it needs to obtain at least two-thirds majority of the total 300 seats in the National Assembly, that is, 200 votes in favor. Therefore, the opposition party needs to win at least 8 ruling party members to vote in favor. (CCTV)

Citigroup slightly lowered South Korea's GDP growth forecast to 1.5% next year. It is expected that the Bank of Korea will cut interest rates next month. Citigroup released a report saying that considering the worse economic sentiment in South Korea this month, it slightly lowered its GDP forecast for this year and next year by 0.1 percentage point to 2.1% and 1.5% respectively. The bank slightly lowered Korea's GDP growth forecast for the last quarter of this year by 0.1 percentage point to rise by 0.3% quarterly, and raised its GDP growth forecast for the first quarter of next year by 0.1 percentage point to rise by 0.6% quarterly. Looking forward to the first quarter of next year, the bank expects South Korea to adopt a combination of expansionary policies, including the Bank of Korea's expected interest rate cut to 2.75% in mid-January, and the government's expected additional budget of 30 trillion won (equivalent to about 1.1% of GDP next year). It is expected that the Bank of Korea will cut interest rates by 25BP each in January, April, July and October next year, and the final interest rate is expected to be 2%.Lan Foan met with World Trade Organization Director-General Ivira. On December 9, 2024, Minister Lan Foan met with World Trade Organization Director-General Ivira in Beijing. The two sides exchanged views on enhancing the transparency of subsidy policy, supporting the operation of global trust funds and maintaining the multilateral trading system.Another ruling party member supported the impeachment of Yin Xiyue. On the morning of 12th local time, Zhongwu Qin, a famous Korean shooter, Olympic champion and member of parliament of the ruling National Power Party, expressed his support for the impeachment of President Yin Xiyue. At present, six members of parliament of the ruling party have publicly indicated that they will support the impeachment case of President Yin Xiyue. Earlier, South Korea's ruling National Power Party MP Kim Jae-sub announced on the 11th that he would vote in favor of the next presidential impeachment case, bringing the number of ruling party MPs in favor of impeaching President Yin Xiyue to five. South Korea's pan-opposition party has 192 seats in the National Assembly. If the impeachment motion is to be passed in the National Assembly, it needs to obtain at least two-thirds majority of the total 300 seats in the National Assembly, that is, 200 votes in favor. Therefore, the opposition party needs to win at least 8 ruling party members to vote in favor. (CCTV)