News

Shanghai Metals Market11h
Enterprises' enthusiasm for production resumption has increased, putting zinc prices under medium-term pressure.
At the beginning of this year, driven by expectations of a slowdown in the US Fed's interest rate cuts and a decline in ...
Shanghai Metals Market6h
Fluctuating Copper Prices Spur Suppliers of Secondary Copper Raw Material to Sell [SMM Daily Review of Secondary Copper]
Check SMM copper quotes, data, and market analysis 》Subscribe to view historical price trends of SMM metal spot cargo. SMM, May 12. At 11:30 today, the futures closing price ...
Shanghai Metals Market8h
China-U.S. Economic and Trade Negotiations Concluded, Macro Sentiment Rebounds Triggering Copper and Aluminum Rebound [Institutional Commentary]
Futures Market] During the night session, SHFE copper moved downwards after a higher opening. It surged at the opening this morning and then fluctuated, before strengthening in the afternoon. The most ...
Shanghai Metals Market8h
Rio Tinto and Sumitomo Metal Mining Sign Final Joint Venture Agreement for Winu Copper-Gold Project in Western Australia
On May 12 (Monday), Rio Tinto announced on its official website that it and Sumitomo Metal Mining (SMM) had signed a definitive joint venture agreement for the Winu copper-gold project in Western ...
Shanghai Metals Market8h
From January to April, China's automobile production and sales both exceeded 10 million units for the first time.
According to statistics, from January to April this year, China's auto production and sales reached 10.175 million units and 10.06 million units respectively, up 12.9% and 10.8% YoY. Among them, the ...
Shanghai Metals Market8h
Mutual Reduction of Tariffs Between China and the US Drives Up Oil Prices: Rebound Begins or Volatility Continues?
Goldman Sachs earlier projected that for the remainder of 2025, the average price of Brent crude oil will remain at $60 per barrel, with WTI crude oil averaging $56 per barrel. In 2026, Brent crude ...
Shanghai Metals Market9h
China-U.S. Tariff Talks Yield Better-Than-Expected Results, Iron Ore Prices Surge Significantly [SMM Brief Comment]
Last week, the total global iron ore shipments reported by SMM were 31.62 million mt, down 740,000 mt WoW, a slight decrease of 2.3%. Among them, Australia's shipments were 17.46 million mt, down ...
Shanghai Metals Market13h
SHFE aluminum inventory drops for six consecutive weeks, hitting a new low in over a year
Comparison of LME and SHFE aluminum inventory since 2023 The following are the aluminum inventory data for the LME and SHFE since April 2025: (Unit: mt) ...
Shanghai Metals Market9h
Meeting on Strengthening the Deployment of Full-Chain Management and Control of Strategic Mineral Exports Held
The meeting pointed out that the export control of strategic minerals is crucial to national security and development interests, and strengthening the whole-chain control of exports is the key. All ...
Shanghai Metals Market9h
Affected by tariff issues, the market sentiment of wait-and-see is strong [SMM Rare Earth Daily Review]
Market Sentiment of Wait-and-See Dominates Amid Tariff Concerns] Currently, the overall price of the rare earth market is stabilizing. Despite the price boost from tariff-related news, demand remains ...
Shanghai Metals Market8h
China-U.S. Tariff Slowdown, SS Futures Market Strengthens, Market Pessimism Eases, Spot Costs Improve [SMM Stainless Steel Spot Daily Review]
Slowdown in US-China Tariffs Strengthens SS Futures Market, Eases Market Pessimism, and Shifts Spot Costs] SMM reported on May 12 that today, high-level economic and trade talks between China and the ...
Shanghai Metals Market11h
Joint Statement on China-U.S. Economic and Trade Talks in Geneva
The Government of the People's Republic of China ("China") and the Government of the United States of America ("US"), recognizing the importance of bilateral economic and trade relations to both ...