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The Inner Mongolia Department of Industry and Information Technology issued the notice of the "Guiding Opinions on the Development of the Lithium Industry in Inner Mongolia Autonomous Region", which mentioned that by 2025, the lithium industry chain of the whole region will be initially built, with a lithium concentrate capacity of 50,000 tons/year (equivalent to lithium carbonate equivalent), 520,000 tons/year of lithium iron phosphate cathode materials, 1.764 million tons/year of anode materials, 30,000 tons/year of electrolyte, 1.5 billion square meters/year of separators, 29GWh/year of batteries, and an output value of 70 billion yuan in the lithium industry chain. On May 14, U.S. President Joe Biden announced tariffs on Chinese steel and aluminum, semiconductors, electric vehicles, batteries, critical minerals, solar cells, ships, cranes, medical supplies, and more.Among them, the tariff rate on certain steel and aluminum products under Section 301 will increase from 0-7.5% to 25% in 2024.Steel is an important sector of the U.S. economy.But the U.S. believes that U.S. workers continue to face unfair competition from China's steel and aluminum overcapacity, and that raising tariff rates on steel and aluminum will protect the U.S. steel and aluminum industry. China Iron and Steel Association: In early May 2024, key statistics will show that iron and steel enterprises will produce a total of 21.9149 million tons of crude steel, 19.3649 million tons of pig iron, and 20.239 million tons of steel.Among them, the daily output of crude steel was 2.1915 million tons, down 0.36% month-on-month, down 2.63% year-on-year with the same caliber, and down 4.93% from the same period last year; The daily output of pig iron was 1.9365 million tons, an increase of 0.64% month-on-month, a decrease of 3.45% over the same period last year, and a decrease of 4.69% over the same period of the previous year; The daily output of steel was 2.0239 million tons, down 5.87% month-on-month, down 3.02% year-on-year and 6.39% year-on-year.