Shanghai Metals Market

Anglo American and Teck Resources Merge, US Fed Cuts Interest Rate by 25 Basis Points as Expected [SMM Copper Morning Meeting Minutes]

LME copper opened at $11,632/mt overnight, initially touched a high of $11,665/mt before falling straight to a low of $11,533/mt, and finally consolidated to close at $11,559.5/mt, up 0.78%, with ...
Shanghai Metals Market

The most-traded SHFE tin contract fell to 315,000 yuan/mt during the night session, while wait-and-see sentiment among downstream and end-user enterprises remained relatively ...

The most-traded SHFE tin contract fell to 315,000 yuan/mt during the night session, while downstream and end-user enterprises maintained a strong wait-and-see sentiment. [SMM Tin Morning News] ...
Shanghai Metals MarketOpinion

[SMM Analysis] Solar in the Era of 'Energy Dominance': Navigating a Structural Sea Change in the U.S. Market

The US energy landscape has abandoned the ’green nation‘ ideal and instead adopted a hardline approach of "energy dominance." ...
Shanghai Metals Market

As expected, interest rate cuts combined with inventory increases led to a slight decline in the center of LME zinc [SMM Morning Meeting Minutes]

Expected Interest Rate Cut Coupled with Inventory Increase, LME Zinc Center Slightly Declines] Overnight, the LME zinc opened at $3,089.5/mt. At the beginning of the session, it rose to a high of ...
Shanghai Metals Market

Supply-Demand Resonance on Both Ends, SHFE Zinc Maintains Fluctuating Trend [SMM Zinc Morning Comment]

SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2601 contract opened at 23,050 yuan/mt, touched a high of 23,065 yuan/mt early in the session, then continued to decline and hit a low of ...
Shanghai Metals Market

【SMM Analysis】Aluminium Import Duties in Mexico: Previewing Possible Upcoming Changes

According to SMM statistics, domestic aluminum production in November 2025 (30 days) increased 1.47% YoY, but decreased 2.82% MoM. Starting in November, aluminum gradually transitioned from peak ...
Shanghai Metals Market

Tungsten Prices Continue to Soar as Major Producers Raise Long-Term Contract Prices, Marking a Staggering 150% Surge This Year [SMM Comment]

Driven by persistent tightness in raw material supply, tightened domestic tungsten mining quotas, and sustained downstream demand, tungsten prices have repeatedly reached record highs since late ...
Shanghai Metals Market

Market Awaits US Fed Interest Rate Cut Decision, SHFE Zinc Expected to Fluctuate During Night Session [SMM Zinc Futures Brief]

Market Awaits US Fed Interest Rate Cut Decision, SHFE Zinc Expected to Fluctuate Overnight]: The most-traded SHFE zinc 2601 contract opened at 23,005 yuan/mt. At the beginning of the session, bears ...
Shanghai Metals Market

[Chromium Daily Market Review] Ferrochrome operates steadily overall, chrome ore shows clear intention to hold prices firm

Ferrochrome Prices Remain Stable, Chrome Ore Shows Strong Price Support Intentions ] December 10, 2025: Today, the ex-factory price of high-carbon ferrochrome in the Inner Mongolia region was 7,950-8, ...
Shanghai Metals Market

BC Copper 2601 Fluctuates Considerably with a Slight Decline, Interest Rate Cut Expectations Dominate Market Sentiment [SMM BC Copper Review]

SHFE copper 2601 contract closed at 91,850 yuan/mt. Based on the BC copper 2601 contract price of 82,270 yuan/mt, its after-tax price is 92,965 yuan/mt. The price spread between SHFE copper 2601 ...
Shanghai Metals Market

[SMM Platinum and Palladium Daily Review] Platinum and palladium futures fluctuated upward intraday, with international market prices showing a significant increase.

Last night, both platinum and palladium international spot prices saw significant gains, with platinum closing up at $1,688.90 per ounce, up 2.58%; palladium broke through $1,500 per ounce last night, ...
Shanghai Metals Market

The Nation's First Hydrogen Fuel Cell Container Ship for Inland Waterways, "Oriental Hydrogen Port," Completes Construction and Certification Guohong Hydrogen Energy's 240kW ...

Calculations show that the ship can reduce carbon dioxide emissions by about 700 mt annually, providing a replicable zero-carbon vessel model for the deep decarbonization of inland waterway shipping ...