Shanghai Metals Market

[SMM survey] Holiday short-term shutdowns & accident impact Iron ore concentrates production continues to decline

According to the latest SMM statistics, China's overall mine capacity utilization rate was 57.3% this week, down 0.8 percentage points WoW. Iron ore concentrate production was 870,000 mt, ...
Shanghai Metals Market

[SMM Nickel Midday Review] Nickel prices consolidate on a subdued note on Oct 12, pressured by a four-week dollar rally

On October 12, nickel prices consolidated on a subdued note, pressured by a four-week rally in the US dollar. SMM #1 refined nickel averaged 120,450 yuan/mt, down 1,200 yuan/mt from the ...
Shanghai Metals Market

[NPI Daily Review] Tug-of-war between longs and shorts intensifies in the NPI market, downstream procurement shows strong wait-and-see sentiment

Tug-of-war between longs and shorts intensifies in the NPI market, downstream procurement wait-and-see sentiment thickens] October 12 news, SMM high-grade NPI upstream ...
Shanghai Metals Market

Shanghai Zinc: Futures Rebound Weighs on Downstream Purchase Willingness, Spot Trades Weaken MoM [SMM Midday Commentary]

Futures Rebound Weighs on Downstream Purchase Willingness, Spot Trades Weaken MoM] Today, mainstream transaction prices for #0 zinc were concentrated at 26,240-26,350 yuan/mt, ...
Shanghai Metals Market

Platinum futures continue to rebound, spot market returns to sluggishness [SMM daily review]

Platinum futures prices saw a continued increase, with the GFEX PT2612 contract closing at 416.85 yuan/g, up 1.99%. However, the spot market experienced sluggish trading due to higher ...
Shanghai Metals Market

Price spread between futures contracts remains wide near delivery month, suppliers proactively cut prices to sell [SMM South China spot copper]

In Guangdong, the price spread between futures contracts remains wide near the delivery month, prompting suppliers to cut prices for #1 copper cathode and SX-EW copper. SMM reports that ...
Shanghai Metals Market

[Beijing: Increase effective supply of new-generation intelligent terminal products such as AI phones and computers, and intelligent robots]

The Beijing Municipal People's Government has issued the Plan for Deepening the Construction of an International Consumption Center City during the 15th Five-Year Plan Period. The plan points ...
Shanghai Metals Market

[MIIT: Deepening the "AI + Manufacturing" Initiative and Vigorously Developing Open-Source Foundation Models and Vertical Model Industry Clusters]

At the opening ceremony of the 26th China International Industry Fair, Wang Weiming, Chief Engineer of the MIIT, stated that first, we should build an engine for industry-driven ...
Shanghai Metals Market

[Beijing: Increase NEV Promotion Efforts to Cultivate New Growth Points in Automobile Consumption]

The Beijing Municipal People's Government issued the Plan for Deepening the Development of Beijing as an International Consumption Center During the 15th Five-Year Plan Period, which ...
Shanghai Metals Market

[Super Computing Field Trip to iSoftStone Tongzhou Intelligent Shared Factory for Comprehensive AI Infrastructure Cooperation]

On October 10, Huang Chenhong, Chairman of Apex, accompanied by Liu Tianwen, Chairman and CEO of iSoftStone, and others, visited the iSoftStone Huafang Tongzhou Intelligent Shared Factory. The ...
Shanghai Metals Market

Hindalco Deploys Private Network with Vodafone Idea at Odisha Bauxite Mine for Digital Operations

SMM Aluminum Express News] Hindalco partners with Vodafone Idea to deploy private network at Odisha bauxite mine. Hindalco Industries announced on October 8 that it has partnered with Vi ...
Shanghai Metals Market

[SMM Analysis] China and EU Agree on Halving Hybrid Tariffs: The Next Variable for Chinese Auto Exports

The EU and China have agreed to halve hybrid tariffs, impacting Chinese auto exports. By July 2026, the EU imported 50,400 hybrid vehicles from China, surpassing pure electric imports.