News

Shanghai Metals Market14h
Valin: Downstream demand has been stable and orders sufficient since Q2. Operating performance improved slightly on a QoQ basis from Q1 in April-May.
According to Valin's Q1 2025 report, in the first quarter of this year, the company achieved a total operating revenue of ...
Shanghai Metals Market11h
Rising alumina prices drive up aluminum cost; currently, south-west China implements rainy season electricity prices [SMM Analysis]
According to SMM data, the average tax-inclusive full cost of China's aluminum industry in June 2025 was 16,545 yuan/mt, up 1 ...
Shanghai Metals Market7h
Geely Automobile achieves highest semi-annual sales in H1 2025
In June alone, Geely Automobile sold 236,036 passenger vehicles, a 42% year-on-year spike, marking the tenth consecutive month with monthly sales exceeding 200,000 units. NEV sales in June reached 122 ...
Shanghai Metals Market14h
Chile's copper production in May reached the highest level of the year, easing tensions in the copper market
On June 30 (Monday), Chile's copper production in May reached the highest level of the year, somewhat alleviating the supply tightness in the global copper market. The National Institute of Statistics ...
Shanghai Metals Market10h
Tangshan's environmental protection-driven production restrictions cause interference; iron ore prices are in the doldrums [SMM Brief Comment]
Recently, there have been frequent reports of production cuts on the demand side. Today, the market has heard news that Tangshan will implement environmental protection-driven production restrictions ...
Shanghai Metals Market9h
Refined cobalt became the "leader" in H1, followed by antimony and terbium oxide. Who will shine again in H2? [SMM Special Topic]
Editor's Note: Time flies, and as H1 2025 concludes, the metals market has witnessed volatile performance. To help industry professionals and investors review and anticipate market trends, SMM ...
Shanghai Metals Market9h
Prices remain stagnant, and the market is waiting for new momentum [SMM magnesium ingot spot cargo bulletin]
SMM reported on July 1 that today's magnesium ingot quotes in the Fugu area ranged from 16,150 to 16,250 yuan/mt, remaining unchanged from the previous working day. The China FOB price was quoted at ...
Shanghai Metals Market11h
The pattern of weak supply and demand continues. SHFE tin fluctuates, waiting for non-farm payrolls guidance. [SMM tin futures brief comment]
​​Weakness in traditional sectors​​: Demand for tinplate related to real estate remains sluggish, with downstream restocking mainly driven by "small orders for immediate needs," and high prices ...
Shanghai Metals Market12h
Aluminum prices remain stable, while prices of baled UBC drop back slightly [Daily Review of Aluminum Scrap]
Today, the centralized quoted price for baled UBC aluminum scrap ranges from 15,300 to 15,800 yuan/mt (tax not included), while the centralized quoted price for shredded aluminum tense scrap ranges ...
Shanghai Metals Market8h
Aluminum ingot inventory sees a slight buildup, with short-term aluminum prices in the doldrums [SMM aluminum futures brief comment]
Today, the most-traded SHFE aluminum 2508 contract opened at 20,565 yuan/mt, with a high of 20,640 yuan/mt, a low of 20,525 yuan/mt, and closed at 20,635 yuan/mt, up 0.22%. Trading volume reached ...
Shanghai Metals Market8h
Copper prices soar, secondary copper rod enterprises suspend purchasing secondary copper raw material [SMM Secondary Copper Daily Review]
Check SMM copper quotes, data, and market analysis 》Subscribe to view historical price trends of SMM metal spot cargo. SMM July 1. At 11:30 today, the futures closing price w ...
Shanghai Metals Market9h
EVE Energy to invest up to 8.654 billion yuan in building new energy storage battery plant in Malaysia
Shanghai (Gasgoo)- Chinese battery supplier EVE Energy announced on June 27 that its indirect wholly-owned subsidiary, EVE ENERGY STORAGE MALAYSIA SDN.BHD., will invest up to 8.654 billion yuan to ...