News

Shanghai Metals Market2m
At the beginning of the week, the market mostly held a wait-and-see sentiment, and spot prices remained stable temporarily [SMM EMM Daily Review]
Review: Market Maintains Wait-and-See Sentiment at the Beginning of the Week, Spot Prices Remain Stable] The average spot price of EMM in major producing areas is 13,400-13,500 yuan/mt, unchanged MoM; ...
Shanghai Metals Market19m
Silicone cost support declines, while operating rates are expected to remain high [SMM Analysis]
Cost Support for Silicone Declines, but Operating Rates Expected to Remain High] According to SMM, the mainstream transaction prices of domestic DMC fell to around 10,700 yuan/mt this week. Monomer ...
Shanghai Metals Market34m
Opening low and closing high, BC copper closes positive [SMM BC Copper Commentary]
The most-traded SHFE copper 2507 contract closed at 78,550 yuan/mt. If calculated based on the most-traded BC copper 2507 contract price of 69,720 yuan/mt, its after-tax price would be approximately ...
Shanghai Metals Market43m
Peru's Condor-Teck Copper Mine Project Receives Environmental Protection Approval
On June 13 (Friday), Condor Resources announced that its Cobreorco copper project in the Andahuaylas province of central Peru had passed a "significant" permitting milestone after its environmental ...
Shanghai Metals Market45m
IFC will provide a $400 million loan for the Reko Diq copper-gold mine project in Pakistan
On June 13 (Friday), according to information disclosed by the International Finance Corporation (IFC) on Friday, it will provide a $400 million subordinated loan for the Reko Diq copper-gold mine in ...
Shanghai Metals Market1h
Will Oil Prices "Skyrocket Exponentially"? JPMorgan Raises Probability of "Worst-Case Scenario" to 17%
As Kanvea explained in her latest report, the geopolitical risk premium had surged to a level $10 above the fair value of $66 per barrel derived from JPMorgan Chase's model, indicating a 17% ...
Shanghai Metals Market2h
Goldman Sachs Once Again Bullish: Global Capital Returns to China, Bullish on China's "Top 10" Stocks
Recently, Kinger Lau, Chief China Equity Strategist at Goldman Sachs, released a research report titled "The Return of China's Private Enterprises: The Tide Has Turned". Lau pointed out that driven by ...
Shanghai Metals Market2h
Haitai New Energy, Trina Solar, Tongwei, LONGi, etc., have been shortlisted for the centralised procurement order of Encom Energy's modules.
On June 14, the winning bid result for the concentrated procurement of PV modules recruited by Enguang Energy was announced. The shortlisted candidates include Tangshan Haitai New Energy Technology Co ...
Shanghai Metals Market2h
Secondary Lead: Downstream Enterprises Show Increased Enthusiasm for Inquiry, Secondary Lead Suppliers Follow Market Trends [SMM Lead Midday Review]
News: Today, the SMM 1# lead average price fell by 25 yuan/mt from last Friday to 16,750 yuan/mt. The ex-factory prices of mainstream secondary refined lead were gener ...
Shanghai Metals Market2h
Former Powell Advisor: Middle East Situation May Lead to US Economic Recession, US Fed Faces "Major Variables"
Jon Faust, a former senior advisor to Fed Chairman Powell, recently stated that while it is still too early to determine how the Israel-Iran conflict will unfold, the situation in the Middle East ...
Shanghai Metals Market2h
National Bureau of Statistics (NBS): China has sufficient reserves in its policy toolbox, and macro policies have contingency plans.
The State Council Information Office held a press conference at 10 a.m. today. Fu Linghui, spokesperson for the National Bureau of Statistics (NBS) and Director of the Department of Comprehensive ...
Shanghai Metals Market4h
Base metals generally declined, with alumina and lithium carbonate falling nearly 1%, while ferrous metals series all rose [SMM Midday Review]
As of the midday close, domestic base metals generally declined, with SHFE copper slightly up by 0.08%, SHFE aluminum down by 0.27%, SHFE zinc down by 0.62%, SHFE lead and SHFE tin slightly down, and ...