Metal2h
In October, domestic aluminum operating capacity increased, but the resumption of some aluminum smelters did not meet expectations [SMM Data]
According to SMM statistics, domestic aluminum production in October 2024 (31 days) increased by 1.69% YoY.
Metal3h
A new export ban on 12 types of mineral resources and 16 types of non-mineral commodities may be implemented in Indonesia
Indonesia plans to emulate the previous nickel ore export ban to implement a new export ban on 12 types of mineral resources, including cobalt, coal, copper, bauxite, and silicon, as well as 16 types ...
Metal3h
The supply of nickel ore resources in Indonesia still faces restrictions
Stainless Steel Industry Conference 2024, Denis Sharypin, Strategic Marketing Director of Norilsk Nickel, stated that the supply of nickel ore resources in Indonesia still faces restrictions. [SMM ...
Metal6h
China Northern Rare Earth Slightly Raised Listing Prices: What is the Future Trend of Rare Earth Prices? [SMM Analysis]
China Northern Rare Earth released its listing prices for rare earth products in November 2024, showing a slight MoM increase in Pr-Nd product prices.
Metal6h
Over the weekend, copper inventories in major regions across the country decreased by 11,700 mt [SMM weekly data]
As of Monday, November 4, SMM copper inventories in major regions nationwide decreased by 11,700 mt compared to last Thursday, reaching 198,100 mt. However, total inventories were 137,900 mt higher ...
Metal6h
In September 2024, inverter export volume saw a significant decline due to the impact of project grid connection pace on shipment speed [SMM Analysis]
Overnight, LME copper opened at $9,693.5/mt, initially dropped to $9,680/mt, then fluctuated upwards, hitting a high of $9,816.5/mt during the session, and finally fluctuated widely to close at $9,805 ...
Metal6h
Blister Copper RCs Bottomed Out in October and Finally Rebounded in November [SMM Analysis]
LME zinc prices opened at $2548/mt last evening and closed down $86.5/mt or 3.39% at $2466.5/mt. Trading volume increased to 11397 lots, and open interest decreased by 1323 lots to 208,000 lots. LME ...
Metal6h
Downstream Consumption of Die-Casting Zinc Alloy is Flat: Why is the Import Volume of Zinc Alloy Greater than the Export Volume? [SMM Analysis]
According to customs import data, China’s import volume of die-casting zinc alloy from January to September 2024 was 34,698.71 mt, while the export volume was 3,631.73 mt.
Metal6h
SHFE tin prices opened high and moved higher in the night session; spot market transactions remained sluggish [SMM Tin Morning Comment]
Yesterday, spot market transactions were sluggish, and trading companies' quotations changed little. The premiums and discounts of various domestic tin ingot brands remained stable. Small brand tin ...
Metal6h
2024 Copper Price Trends and Supply-Demand Review [SMM Analysis]
Although copper prices did not continue to trade on the copper ore shortage logic, the global copper ore shortage is expected to be 212,000 mt (metal content) in 2024 and 822,000 mt (metal content) in ...
Metal7h
2024 China Aluminum Plate/Sheet, Strip, and Foil Production Forecast Released! [SMM Analysis]
According to preliminary statistics from SMM, China's aluminum plate/sheet and strip production in 2024 is expected to reach 13.1 million mt, an increase of approximately 692,000 mt, with a growth ...
Metal7h
Base metals generally rose, with SHFE zinc shifting its focus upward [SMM Zinc Morning Comment]
Overnight, the most-traded SHFE zinc 2412 contract opened at 25,100 yuan/mt. At the beginning of the session, SHFE zinc briefly dipped to 25,050 yuan/mt, and then longs increased their positions, ...