Shanghai Metals Market

Mexico's Tariff Barriers Escalate, Resilience and Challenges Coexist in China's Aluminum Semis and Aluminum Products Exports to Mexico [SMM Analysis]

Upgraded Tariff Barriers in Mexico Present Resilience and Challenges for China's Aluminum Semis and Products Exports to ...
Shanghai Metals Market

Lightweight + High-Performance Magnesium Alloys Lead New Tracks in the Automotive and Robotics Industries [SMM Research]

Against the backdrop of global green development and industrial upgrading, the automotive industry is pursuing lightweighting ...
Shanghai Metals Market

New Capacity Additions and Production Resumptions Advance, Aluminum Operating Rate Outside China Expected to Rise Slightly in November

According to SMM statistics, aluminum production outside China in October 2025 increased by 2.6% YoY. The average monthly operating rate was 89.0%, up 0.2 percentage points MoM and slightly up 0.8 ...
Shanghai Metals Market

Domestic Aluminum Rod Market Trapped in Oversupply Dilemma, Processing Fees Expected to Linger at Low Levels in Short Term and Expectations for Production Cuts Intensify[SMM ...

According to SMM statistics, as of October 31, 2025, the domestic days of inventories at aluminum rod plants were 7.6 days, an increase of 0.57 days WoW. Aluminum rod inventory continued to show a ...
Shanghai Metals Market

Progress in Prospecting the Peripheral Areas of the Nalunaq Gold Mine in Greenland

● Copper-gold discovery at Anoritooq: At Isortup Qoorua, 50 km north of Nalunaq, gold grades reached 38.7 g/mt and copper 1.87%, confirming a high-grade copper-gold zone for further work. Amaroq plans ...
Shanghai Metals Market

Supply-Demand Tight Balance Intensifies, Sufficient Upward Momentum for Petroleum Coke in the Short Term [SMM Analysis]

For imported coke, driven by continuous domestic price increases and strong downstream procurement enthusiasm, imported coke prices also rose. Port shipment pace accelerated, inventory continued to ...
Shanghai Metals Market

Malaysia Will Continue to Restrict the Export of Rare Earth Raw Materials

According to a Reuters report cited by Mining Weekly, Malaysia's trade minister said on Wednesday that despite signing a key minerals agreement with the US this week, the country will continue to ban ...
Shanghai Metals Market

[SMM Analysis: Lead Concentrate and Other Raw Material Shortage Led to Lower Primary Lead Production in October]

Lead Concentrate and Other Raw Material Shortage Led to Lower Primary Lead Production in October] SMM, – China’s primary ...
Shanghai Metals Market

BC Copper 2512 contract fluctuated and closed down 1.69%, with macro pressure and a tug-of-war between sellers and buyers [SMM BC Copper Review]

SHFE copper 2512 contract settled at 87,010 yuan/mt. Based on the BC copper 2512 contract price of 77,460 yuan/mt, its post-tax price is 87,529 yuan/mt. The price spread between SHFE copper 2512 and ...
Shanghai Metals Market

Expansion of the Guayabales Copper-Gold Mine Scale in Colombia

According to Mining.com, Canadian exploration enterprise Collective Mining further expanded the scale of the Apollo deposit at its Guayabales project in Colombia, and plans to accelerate drilling to ...
Shanghai Metals Market

[SMM Analysis] Number of Applicants for Vehicle Replacement Continues to Soar Sharply; How Can Battery Recycling Cope with the Wave of Retirements?

As the trade-in policy advances, more NEVs will enter the retirement phase, increasing pressure on the power battery recycling market. Data shows that China's retired power battery volume will reach ...
Shanghai Metals Market

The Cu SHFE/LME ratio may continue to improve in November. [SMM Analysis]

After the tariff shock and global trade adjustments, the copper market remains tight in 2025. Data shows that US refined copper inventories have surged to a 21-year high, following front-loaded ...