Metal11h
CMOC: Copper production in 2024 is up 55% YoY, refined cobalt production is up 106% YoY, and molybdenum production slightly decreased.
On the evening of January 6, CMOC announced its preliminary estimates for the production of major products in 2024 as follows ...
Metal7h
High-Grade NPI Cost Support Remains Firm, Limited Downside Room Expected in the Short Term [NPI Daily Review]
[SMM Daily Review: High-Grade NPI Costs Remain Firm, Limited Downside Room Expected in the Short Term] On January 6, SMM 8-12% high-grade NPI average price was 935 yuan/mtu (ex-factory, tax included), ...
Metal6h
Aluminum Ingots and Billets Both See Inventory Buildup; January Aluminum Inventory Pressure May Be Hard to Ease [SMM Analysis]
In terms of aluminum ingot inventory, as shipments in the Xinjiang region have basically returned to normal since late December, the backlog within the region, apart from the normal in-plant inventory ...
Metal11h
Silicon Metal Prices Remain Weak and Stable; Few New Orders for Silicon Enterprises Recently [SMM Silicon Daily Review]
[SMM Silicon Daily Review: Silicon Metal Prices Remain Weak and Stable, Few New Orders for Silicon Enterprises Recently] Standard #553 silicon metal in east China was at 10,900-11,100 yuan/mt, ...
Metal8h
Social Inventory of Secondary Copper Raw Material Remains Low, Overall Trading Volume Limited [SMM Secondary Copper Daily Review]
View SMM Copper Quotes, Data, and Market Analysis 》Subscribe to View Historical Price Trends of SMM Metal Spot. SMM January 6. The futures closed at 73,760 yuan/mt at 11:30 t ...
Metal11h
Galvanized Sheet Enterprises' 2025 Chinese New Year Break Schedule Released: Any Changes Compared to Last Year? [SMM Analysis]
With the Chinese New Year holiday approaching, SMM communicated with galvanized sheet enterprises regarding their holiday arrangements. This survey covered 20 galvanized sheet enterprises with a total ...
Metal12h
Prices of 107 Silicone Rubber and Silicone Oil Drop Due to Insufficient Market Demand [SMM Silicone Daily Review]
[SMM Silicone Daily Review: Prices of 107 Silicone Rubber and Silicone Oil Decline Due to Insufficient Market Demand] The average price of 107 silicone rubber was 13,150 yuan/mt, down 100 yuan WoW, ...
Metal11h
MinRes, an Australian mineral resources company, has closed the Yilgarn iron ore mine to focus on advancing the Onslow project.
MinRes released an update on its Yilgarn iron ore operations. Following a comprehensive feasibility assessment, it was determined that the Yilgarn operations would no longer remain economically viable ...
Metal9h
China's optical image solution provider Kankan Tech nabs hundreds of millions of yuan in Pre-B+ funding round
Shanghai (Gasgoo)- Beijing Kankan Intelligent Technology Co., Ltd. (Kankan Tech), China's full-stack optical image solution provider, recently announced the successful completion of its Pre-B+ funding ...
Metal13h
US Dollar Index Pulls Back, Weakening Its Suppression on Copper Prices; Most-Traded BC Copper Futures Close Higher [SMM BC Copper Commentary]
Macro side, recent macro data releases have been relatively sparse. However, ahead of Trump's official inauguration, the US dollar index fluctuated at highs. With the US dollar index pausing its ...
Metal11h
India's NMDC iron ore production for the full year of 2024 decreased by 3.18% YoY.
India's largest state-owned iron ore producer, NMDC, released its production and sales report for December 2024 and the full year. The details are as follows: Production: In December 2024, NMDC's iron ...
Metal12h
Continuous Sharp Decline in Iron Ore for Two Consecutive Days, Relatively Small Downward Space for Iron Ore Prices [SMM Brief Review]
Dalian iron ore futures continued to decline. The most-traded I2505 contract closed at 751.5 yuan/mt, down 2.21% for the day. Traders showed weak willingness to sell. Steel mills were cautious in ...