Shanghai Metals Market

Why the US Has Amassed a Giant Copper Stockpile

The US has quietly built its largest copper stockpile in decades, distorting global flows and tightening available supply. COMEX-approved inventories ...
Shanghai Metals Market

Domestic Sales of Refrigerators and Freezers Under Pressure in 2025

The domestic sales market for refrigerators and freezers in China experienced a volatile trend in 2025. Due to pressure from the high base of the prev ...
Shanghai Metals Market

Secondary Aluminum Alloy Ingot Inventory Decreases by 95 mt MoM, 837 mt WoW in Major Consumption Areas

SMM Express] Today, the inventory of secondary aluminum alloy ingots in major consumption areas decreased by 95 mt MoM from the previous day and by 8 ...
Shanghai Metals Market

Chile's Zinc Concentrate Exports Decline 1% MoM, 35% YoY in January 2026

Chile Zinc Concentrate Exports] According to statistics from the Chilean Customs website, Chile exported 1,300 mt of zinc concentrates in January 202 ...
Shanghai Metals Market

Pre-holiday and holiday-arrived cargoes were sold at low prices, with premiums under pressure during the day. [SMM Yangshan Spot Copper]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal ...
Shanghai Metals Market

[ SMM Nickel Midday Review ] Nickel prices surged significantly on February 11, with new progress on Indonesia's RKAB quotas.

There is new progress regarding the market's focus on Indonesia's nickel ore quota (RKAB) policy. Indonesian officials revealed that the 2026 nickel ore RKAB production target is set at 260-270 ...
Shanghai Metals Market

The most-traded SHFE tin contract continued its fluctuating trend before the holiday, with trading in the spot market sluggish as the holiday approached. [SMM Tin Midday Review]

The Most-Traded SHFE Tin Contract Maintains Fluctuating Trend Before Holiday, Spot Market Trading Sluggish Approaching Holiday] ...
Shanghai Metals Market

Suppliers actively held prices firm for shipments, but actual transactions were relatively quiet [SMM South China Spot Copper]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal ...
Shanghai Metals Market

Road transport logistics have basically ceased, and the market is expected to enter a holiday state. [SMM North China Spot Copper]

Spot prices of #1 copper cathode against the front-month contract in North China today were at a discount of 380-160 yuan/mt, with an average discount of 270 yuan/mt, down 10 yuan/mt from the previous ...
Shanghai Metals Market

Defang Nano's Lithium Replenishment Enhancer Achieves Order Deliveries In The Semi-Solid-State Battery Sector

On February 10, news emerged that Defang Nano disclosed its lithium replenishment enhancer can improve the cycle performance, calendar life, and energ ...
Shanghai Metals Market

Brazil Aims for Open Stance on Critical Minerals, as US Launches $10B Project Vault Initiative

Brazil seeks to avoid signing exclusive agreements on critical minerals with other countries, instead maintaining an open stance and pursuing partners ...
Shanghai Metals Market

As the Chinese New Year holiday approaches, market trading sentiment remains sluggish. [SMM Spot Aluminum Midday Review]

SHFE aluminum 2602 fluctuated with a slight increase in early trading, while the price center edged down slightly compared to the previous trading day. Affected by the approaching Chinese New Year, ...