Shanghai Metals Market

[Analysis by SMM] New Energy Vehicles' Second Growth Curve: Autobots, Transform

When a vehicle is no longer a one-time finished product but an evolving system, how will the industry's value anchor shift? In this sense, future new energy vehicles will resemble "Transformers" more ...
Shanghai Metals Market

[SMM Analysis] Analysis and Outlook of the Global Secondary Lead Industry's Spatial Distribution Based on Production Perspective

In 2025, SMM expects global secondary refined lead production to exceed 8.3 million mt, accounting for 66% of the total ...
Shanghai Metals Market

[SMM Analysis] Overseas Emerging Engines Surge While Traditional Industrial Hubs Face Transformation Pains

Although China remains the world's largest producer, 2025 marked its formal departure from the 1-billion-tonne era, with ...
Shanghai Metals Market

Explosion at a Steel Mill in Chhattisgarh, India: May Trigger Regional Iron Ore Price Decline and Steel Price Increase

DRI plants like Real Ispat are major local buyers of iron ore lumps and pellets. If a regional shutdown and rectification campaign erupts in the Raipur area, local demand for high-grade lumps will ...
Shanghai Metals Market

Jilang Indium Industry of Nandan County launched a tender for 1 mt of crude indium from the 27th [SMM Indium Report]

According to market sources, Jilang Indium Industry Co., Ltd. of Nandan County is expected to export crude indium ingots on the 27th of this month, with a purity of indium ≥99.00%, approximately 1,000 ...
Shanghai Metals Market

Weak US Dollar + Rising Overseas Smelting Costs, LME Zinc Records a Three-Day Winning Streak [SMM Morning Meeting Minutes]

Weak US Dollar and Rising Overseas Smelting Costs Lead to Three-Day Winning Streak for LME Zinc] Overnight, the LME zinc contract recorded a three-day winning streak, with the center of the daily ...
Shanghai Metals Market

Baiyin Nonferrous Group Co., Ltd. publicly tendered approximately 100 mt of crude cadmium on the 27th [SMM Report].

According to SMM, Baiyin Nonferrous Group Co., Ltd.'s Northwest Lead-Zinc Smelter launched a public tender for the sale of approximately 100 mt of crude cadmium. Official information specified that ...
Shanghai Metals Market

The most-traded SHFE tin contract (SN2603) maintained a sideways consolidation trend during the night session, while fear of high prices continued to spread in the spot market ...

The Most-Traded SHFE Tin 2603 Contract Maintained a Sideways Consolidation Trend During the Night Session, While Fear of High Prices Continued to Spread in the Spot Market] ...
Shanghai Metals Market

SHFE Zinc Stops Rising and Starts to Fall, Weak Consumption Limits Rise Height [SMM Zinc Morning Comment]

SMM Zinc Morning Comment] Overnight, SHFE zinc stopped rising and started to fall, but the center of the daily candlestick moved upward. Geopolitical instability persists, with gold and silver prices ...
Shanghai Metals Market

British Columbia Increases Budget to Assist Mining Rights Approval, LME Copper Fluctuated and Closed Higher Overnight [SMM Copper Morning Meeting Minutes]

LME copper opened at $13,139/mt overnight, initially dipped to $13,033/mt, then the center of copper prices rose straight to a high of $13,311/mt, subsequently fluctuated considerably and finally ...
Shanghai Metals Market

[Aluminum Scrap Yards Expect Early Holidays, Tightened Liquidity Restricts Market Transactions [SMM Cast Aluminum Alloy Morning Comment]

Aluminum Scrap Yards Have Early Holiday Expectations, Tightened Liquidity Restricts Market Trading] On Monday, A00 aluminum prices fell by 80 yuan/mt to 24,030 yuan/mt, while the SMM ADC12 price held ...
Shanghai Metals Market

[SMM Chromium Daily Review] Strong Sentiment to Hold Prices Firm, but Wait-and-See Sentiment Is Gradually Emerging

Firm Price Sentiment Prevails but Wait-and-See Mood Emerges] January 26, 2026: The ex-factory price of high-carbon ferrochrome in Inner Mongolia today was 8,400-8,500 yuan/mt (50% metal content), flat ...