News

Shanghai Metals Market4m
Escondida Copper Mine Head: Chile Must Take More Measures to Stimulate Investment
Escondida, the world's largest copper mine, has announced that BHP will invest US$10 billion in the country if environmental permits are approved. BHP stated that it will commence a 10-year investment ...
Shanghai Metals Market30m
April China's Copper Concentrate Imports: Unexpected Yet Reasonable[SMM Analysis]
In April 2025, China imported 851,000 tons of copper concentrates from Chile, up 18.52% year-on-year; 786,800 tons from Peru, up 38.88% year-on-year; and 141,200 tons from Mexico, up 28.35% ...
Shanghai Metals Market34m
Nickel salt smelter's production costs decline, precursor plant's inquiry activity increases [SMM Nickel Morning Meeting Summary]
The most-traded SHFE nickel contract (NI2506) continued its fluctuating trend, with no significant volatility during the session. As of 11:30, the closing price was 123,370 yuan/mt, up 0.01%. In terms ...
Shanghai Metals Market43m
Operating capacity of alumina rebounds slightly, ore prices rise, pushing alumina cost curve upwards [SMM Alumina Morning Comment]
Futures Market: Overnight, the most-traded alumina 2509 futures contract opened at 3,191 yuan/mt, with a high of 3,228 yuan/mt, a low of 3,153 yuan/mt, and closed at 3,199 yuan/mt, down 30 yuan/mt or ...
Shanghai Metals Market50m
Freeport Indonesia said that the Manyar smelter has resumed operations
On May 22 (Thursday), copper miner Freeport Indonesia announced that its US$3.7 billion Manyar smelter in East Java, which had been shut down due to a fire last year, had resumed operations ahead of ...
Shanghai Metals Market1h
Wafer prices drop back slightly, while the overall price of solar cells continues to decline [SMM Silicon-based PV Morning Meeting Summary]
Due to weak downstream demand, producers have been destocking slowly, resulting in significant inventory pressure. The overall market is oversupplied. Moreover, since May, the prices of electrode raw ...
Shanghai Metals Market1h
SMM Morning Comment For SHFE Base Metals (May 23)
Overnight, LME copper opened at $9,463.5/mt, dipping to a low of $9,433.5/mt shortly after the opening bell. It then fluctuated upward, reaching a high of $9,519.5/mt near the close, ultimately ...
Shanghai Metals Market1h
US dollar weakens, copper prices hold up well [SMM Copper Morning Meeting Summary]
US Dollar Weakens, Copper Prices Hold Up Well] On May 22, spot prices of SMM #1 copper cathode against the 2506 contract for ...
Shanghai Metals Market1h
US Stock Market Close: S&P 500 Dives at End of Trading Day, Recording Three Consecutive Declines; PV Sector Takes a Hit from Policy Changes
By the close, the S&P 500 fell 0.04% to 5,842.01 points, marking its third consecutive session of losses; the Nasdaq ...
Shanghai Metals Market1h
Inflow of imported ore supports expectations of loose supply, with SHFE zinc expected to remain volatile in the short term [SMM Zinc Morning Comment]
Comment] Overnight, LME zinc opened at $2,683/mt. In the early session, LME zinc fluctuated considerably along the daily average line. During European trading hours, it dipped to a low of $2,669/mt.
Shanghai Metals Market1h
PMI data rebounds strongly, LME zinc records a bullish candlestick [SMM Morning Meeting Summary]
PMI Data Rebounds Strongly, LME Zinc Records a Bullish Candlestick] Overnight, LME zinc opened at $2,683/mt. In the early session, LME zinc fluctuated considerably along the daily average line, ...
Shanghai Metals Market1h
Lack of positive news, volatility remains the main theme [SMM Copper Morning Comment]
Overnight, LME copper opened at $9,463.5/mt, dipping to a low of $9,433.5/mt shortly after the opening bell. It then fluctuated upward, reaching a high of $9,519.5/mt near the close, ultimately ...