On November 9, Yuean New Materials (688786.SH) disclosed that the Ningxia Yuean 3,000-ton carbonyl iron powder demonstration line is currently in the debugging, ramp-up, and process optimization phase. It has met basic production conditions and contributed partial output, but equipment coordination, process parameters, and system scheduling are still being continuously improved, with capacity ramp-up proceeding as planned. Carbonyl iron powder is a core raw material for inductive magnetic components, diamond tools, and microwave absorbing materials, and the progress of domestic 10,000-ton-class capacity construction is worth tracking.