Shanghai Metals Market

【SMM Analysis】 The Brief Off-season and Long-term Changes in Southeast Asia's Secondary Aluminium Market

SMM Analysis】 Since the LME aluminum price began its upward trend in October 2025, SMM research shows that the trading volume ...
Shanghai Metals Market

[SMM Analysis] 2026 Raw Material Battle: MHP Payables Under Pressure, High-Grade Nickel Matte Window Hard to Find

For nickel sulphate producers, raw material selection directly impacts profitability. Currently, MHP has become the market's ...
Shanghai Metals Market

[SMM Flash]Competition for Raw Materials in Nickel Sulphate: The Window Period for High-Grade Nickel Matte?

For nickel sulphate producers, raw material selection directly impacts profitability. Currently, MHP has become the market's ...
Shanghai Metals Market

Baiyin Nonferrous Group Co., Ltd. today publicly tendered for 100 mt of crude cadmium [SMM report].

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

Copper prices edged slightly higher, purchasing sentiment declined, and Shanghai spot copper spot premiums fell [SMM Shanghai Spot Copper]

SMM Shanghai Spot Copper] Tomorrow is expected to see reduced offers from some suppliers as the meeting week begins, with copper prices stabilizing around 86,000 yuan/mt. Downstream buyers have ...
Shanghai Metals Market

Secondary Lead: Few Suppliers Quoted Prices for Secondary Refined Lead, Largely Unchanged from Last Friday [SMM Lead Midday Review]

The SMM #1 lead average price today was flat WoW at 17,075 yuan/mt. Suppliers of secondary refined lead offered few quotations, which were basically flat compared to last Friday. The mainstream spot ...
Shanghai Metals Market

[SMM Analysis] The Asian Stainless Red Sea: A Battle for Survival

The Asian stainless steel market has traded its era of symbiotic cooperation for a brutal zero-sum game. A tidal wave of ...
Shanghai Metals Market

CATL, SAIC Commercial Vehicle launch in-depth cooperation to build integrated NEV ecosystem

At the Auto Guangzhou 2025 on November 21, CATL and SAIC Commercial Vehicle announced a far-reaching strategic partnership aimed at accelerating the electrification and digitalization of commercial ...
Shanghai Metals Market

Intraday SHFE Lead Rebounds but Fails, Erasing All Gains [Lead Futures Brief Review]

The most-traded SHFE lead 2601 contract opened at 17,140 yuan/mt today. After moving sideways around the daily average line in early trading, it rebounded to around 17,200 yuan/mt by midday. However, ...
Shanghai Metals Market

Export Growth of Copper Enamelled Wire Slowed in October, High YoY Growth Continued

According to data from the General Administration of Customs, China's exports of copper enamelled wire reached 10,764.88 mt in October 2025, up 10.72% YoY but down 12.11% MoM. From January to October, ...
Shanghai Metals Market

[SMM Nickel Sulphate Daily Review] November 24: Increased Supply from Refined Nickel Conversion Puts Nickel Salt Prices Under Pressure

On November 24, the SMM battery-grade nickel sulphate index price was 27,807 yuan/mt, with the quotation range for battery-grade nickel sulphate at 27,900-28,100 yuan/mt, and the average price ...
Shanghai Metals Market

GAC says solid-state battery pilot line is now operational, targeting small-batch vehicle installation

GAC Group is pushing deeper into next-generation battery technology as Chairman Feng Xingya confirmed during the Auto Guangzhou 2025 that the company has completed and begun trial production at its ...