News

Shanghai Metals Market5m
Lanshi Heavy Industry: Awarded Bid for 99.96 million yuan ESS Power Station's Thermal Energy Storage Tanks and Ancillary Equipment Project
Lanpec Heavy Industries announced that the company has recently received the bid-winning notice for the project of thermal storage tanks and their ancillary equipment for the PowerChina Feicheng ...
Shanghai Metals Market4h
National Bureau of Statistics (NBS): CPI declined slightly in May, while the YoY growth of core CPI expanded, and PPI fell by 0.4% MoM.
CPI Slightly Declined in May 2025, While Core CPI YoY Growth Rate Expanded —Interpretation of CPI and PPI Data for May 2025 ...
Shanghai Metals Market7m
As the delivery date approaches, suppliers are unwilling to sell at low prices, and the premium rises [SMM Shanghai spot copper]
[SMM spot copper] Looking ahead to tomorrow, as the delivery date approaches, it will be difficult to source low-priced spot cargo. In the latter half of the week, spot prices will be guided by the ...
Shanghai Metals Market28m
Did the May non-farm payrolls bring relief? Economists warn: The impact of tariffs will not truly manifest until July and August
However, US economists warned that the impact of Trump's tariffs on US employment may not truly manifest until July or August. Therefore, it may be too early for Wall Street and the US Fed to let ...
Shanghai Metals Market22m
Rare Earth Policy Eased, Individual Stocks Soar: China Rare Earth's H Shares Surge Nearly 30%
Buoyed by this news, related concept stocks have surged significantly. By the close of trading, China Rare Earth (00769.HK) and JL MAG Rare-Earth (06680.HK) rose by 29.41% and 2.71%, respectively.
Shanghai Metals Market12m
Ecuador to Open Up Mining Rights System in Phases
She also announced that Ecuador will impose inspection fees on all mining activities, except for artisanal mining. This measure is expected to generate $229 million annually, with the revenue to be ...
Shanghai Metals Market1h
Secondary Lead: Market sentiment for quotations is low, and spot order transactions for secondary lead are poor [SMM Lead Midday Review]
Review: Market Quotation Sentiment Low, Poor Spot Order Transactions for Secondary Refined Lead] SMM reported on June 9: Today, the SMM 1# lead average price rose by 25 yuan/mt from the level before ...
Shanghai Metals Market1h
Guangdong Zinc: Downstream buying sentiment remains low, spot premiums/discounts continue to decline [SMM Midday Review]
Low Buying Sentiment in Downstream, Spot Premiums/Discounts Continue to Decline] The mainstream transactions of 0# zinc in Guangdong were concluded at 22,465-22,605 yuan/mt. Mainstream brands offered ...
Shanghai Metals Market2h
LME copper inventory drops to a new low in nearly a year, while SHFE copper inventory rebounds slightly
The latest data released by the Shanghai Futures Exchange indicated that during the week of June 6, SHFE copper inventories rebounded slightly, with weekly inventories increasing by 1.52% to 107,404 ...
Shanghai Metals Market2h
Tianjin Zinc: Overall trading was poor, and the premium continued to decline [SMM Midday Review]
Overall Trading Volume Remains Low, Premiums Continue to Decline] In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at RMB 22,390-22,630 yuan/mt, with Zijin transactions ...
Shanghai Metals Market2h
Producers' willingness to sell increases, market trading activity heats up [SMM spot copper in North China]
Today, spot #1 copper cathode in North China traded at a discount of 200 yuan/mt to 140 yuan/mt against the front-month contract, with an average discount of 170 yuan/mt. This represents an increase ...
Shanghai Metals Market2h
Inventory Continues to Decline After the Weekend, Suppliers Actively Refuse to Budge on Prices While Shipping [SMM South China Spot Copper]
After the weekend, inventory in Guangdong continued to decline, marking three consecutive days of decrease, primarily due to reduced arrivals. The decline in inventory, coupled with lower copper ...