Shanghai Metals Market

Stainless Steel Consumption Underperforms in Peak Season, Stainless Steel Inventory Stops Declining and Rebounds [SMM Analysis]

SMM September 25 - This week (September 19-25, 2025), the total stainless steel inventory in the Wuxi and Foshan markets showed a destocking trend, decreasing from 897,200 mt on September 18, 2025 to ...
Shanghai Metals Market

[SMM Nickel Midday Review] Nickel Prices Rebound Sharply on September 25 as US Officially Reduces Auto Tariffs on EU to 15%

(1) The US released the official document of the tariff agreement with the EU. The US formally lowered tariffs on EU automobiles to 15%, effective from August 1, 2025.
Shanghai Metals Market

Zinc Ingot Inventory Continues to Decline, SHFE Zinc Edges Up Slightly [SMM Zinc Futures Review]

Zinc Ingot Inventory Continues to Decline, SHFE Zinc Edges Up Slightly]: The most-traded SHFE zinc 2511 contract opened at 21 ...
Shanghai Metals Market

BC Copper 2510 closed higher with a gain of 3.56% during the day. Copper ore production halt sparks market supply concerns [SMM BC Copper Review]

Today, the most-traded BC copper 2510 contract opened at 72,000 yuan/mt, closing higher with increased positions by bulls. During the night session, BC copper initially dipped to 72,000 yuan/mt, then ...
Shanghai Metals Market

Cobalt Chloride: Tight Supply Is Expected to Push Prices Up, with Strong Wait-and-See Sentiment in the Market

This week, the cobalt chloride market showed a sharp upward trend, with most producers suspending quotations, while a few companies pushed offers to 70,000–80,000 yuan/mt. Actual transactions were ...
Shanghai Metals Market

LCO: Raw Material Price Increases Pass Through to Cathode, Inventory Buffer Delays Procurement Urgency

The price rise was primarily driven by increases in upstream cobalt chloride and Co3O4. Currently, cathode material and battery cell enterprises maintain relatively sufficient inventory, providing a ...
Shanghai Metals Market

Co3O4: Strengthened Cost Transmission Boosts Bullish Expectations

As cobalt chloride transactions reached 77,000-80,000 yuan/mt, cost-driven upward momentum for Co3O4 strengthened ...
Shanghai Metals Market

Stainless Steel Underperforming Peak Season Situation Difficult to Change, Destocking Ends and Inventory Accumulates [SMM Stainless Steel Daily Report]

Underperforming Peak Season Persists, Destocking Ends with Inventory Accumulation] SMM September 25 - SS futures held up well. Prices remained strong throughout the day, though the gains were ...
Shanghai Metals Market

[SMM Nickel Sulphate Daily Review] September 25 Nickel Salt Prices Increased

On September 25, the SMM battery-grade nickel sulphate index price was 28,047 yuan/mt, with a quotation range of 28,100-28,300 yuan/mt for battery-grade nickel sulphate, and the average price ...
Shanghai Metals Market

[SMM Chromium Daily Review] Pre-Holiday Stocking Demand Limited, Short-Term Market Remains Stable

Limited Stocking Demand Before Holiday, Market Remained Stable in Short Term ] September 25, 2025: High-carbon ferrochrome ex-factory prices in Inner Mongolia were 8,500-8,600 yuan/mt (50% metal ...
Shanghai Metals Market

Aclara is expected to invest $1.3 billion in building a rare earth mine in South America and a processing plant in the US.

According to a Reuters report cited by Mining.com, Aclara Resources Executive Vice President Jose Augusto Palma said on ...
Shanghai Metals Market

MMi Daily Iron Ore Report (September 25)

DCE iron ore futures strengthened after an initial dip today, holding up well throughout the session. The most-traded ...