News

Shanghai Metals Market2m
Macro bullish factors continue to ferment, and lead prices may continue to hold up well in the short term [SMM Morning Lead Meeting Summary]
Overnight, LME lead opened at $1,991.5/mt. During the Asian session, it fluctuated downward. Entering the European session, it hit a low of $1,975/mt before rebounding and eventually closing at $1,992 ...
Shanghai Metals Market4m
Continued destocking in fundamentals and favourable macro front drive aluminium prices to fluctuate upward [SMM Aluminium Morning Meeting Summary]
Favourable macro front and continuous destocking in the fundamental aspects drive domestic aluminum prices to fluctuate upward] On the macro front, China's domestic supportive policies remain ...
Shanghai Metals Market9m
China Petroleum Engineering & Construction Corp: Subsidiary Wins Bid for 11.538 Billion Yuan Iraq Project
China Petroleum Engineering & Construction Corporation (CPECC) announced that recently, its wholly-owned subsidiary, Engineering & Construction Co., Ltd., received a Letter of Award from TotalEnergies ...
Shanghai Metals Market5m
TOP 15 Domestic Power Battery Installations from January to April: CATL Experiences Continuous Decline, One Company Drops Out of Top 10
From January to April, a total of 48 power battery enterprises achieved battery installations in China's NEV market, an increase of 1 from last year. The top 3, top 5, and top 10 power battery ...
Shanghai Metals Market9m
US dollar weakens, boosting LME zinc prices [SMM Zinc Morning Comment]
[SMM Zinc Morning Comment] Overnight, LME zinc recorded a five-day winning streak, with the 40-day moving average turning into a support line, while the 5-day moving average above formed resistance.
Shanghai Metals Market13m
The U.S. has adjusted the tariff hikes on China, and SHFE tin prices remain high and range-bound [SMM Tin Morning News]
The US has adjusted tariff hikes on China. SHFE tin prices remain high and range-bound. [SMM Tin Morning News] Macro: (1) Tesla's Shanghai Gigafactory exported nearly 30,000 Model 3/Y units in April, ...
Shanghai Metals Market10m
US dollar's V-shaped reversal suppresses copper prices' rebound; market awaits more tariff agreements [SMM Copper Morning Comment]
"[US dollar's V-shaped rebound suppresses copper prices' rebound; market awaits more tariff agreement conclusions] On the macro side, the US dollar index fell yesterday amid concerns about the economy ...
Shanghai Metals Market10m
Zinc prices fluctuate at highs, with attention to the pressure at the round-number levels above [SMM Morning Meeting Summary]
Social Inventory: LME zinc inventory decreased by 900 mt to 167,050 mt on May 14, a decline of 0.54%. According to SMM communications, as of May 12, the total zinc ingot inventory across seven ...
Shanghai Metals Market16m
China's Autonomous Driving Goes Global at an Accelerated Pace! Baidu's "Apollo Go" Targets Japan and Switzerland
A reporter from the Science and Technology Innovation Board Daily exclusively learned from informed sources that Baidu's autonomous driving ride-hailing service, "Apollo Go," intends to expand into ...
Shanghai Metals Market15m
Trade Dispute Cools Down, US Copper Scrap Export Market Starts to Thaw
Affected by the previous trade disputes, copper scrap exports from the US had almost ground to a halt, resulting in up to 300,000 pounds of copper scrap being forced to accumulate in the yard of Utah ...
Shanghai Metals Market35m
US Stock Market Close: Nvidia, Tesla Both Rise Over 4%, Chinese Concept Stocks Outperform the Broader Market
Tesla rose by 4.07%, and Elon Musk held talks with the Governor of Qatar Central Bank and the Chairman of Qatar Investment Authority. Additionally, data showed that Tesla's Shanghai Gigafactory ...
Shanghai Metals Market15h
Declining demand and cost pressures led to a drop in the operating rate of secondary aluminum producers in April, [SMM Analysis]
Survey data on the operating rates of secondary aluminum alloy enterprises by region and enterprise size in April 2025: ...