Today, spot #1 copper cathode in North China traded at a discount of 160 yuan/mt to 120 yuan/mt against the front-month contract, with an average discount of 140 yuan/mt, a decrease of 10 yuan/mt from ...

SMM spot copper] Looking ahead to next week, as the month-end approaches, the demand for capital repatriation will put pressure on spot premiums. Additionally, with copper prices remaining steadily ...

Argentina's Minister of Economy Luis Caputo announced on Wednesday that the government has approved Australian miner Galan Lithium's $217 million lithium project in Catamarca province under the newly ...

Sales: In Q2, the Minas-Rio mine area sold 6.636 million mt of pellet feed, up 18% MoM and down 2% YoY, mainly due to delays in some shipments. The average iron grade of quarterly sales was ...

Shanghai: The futures market continued to fluctuate at highs. Downstream firms purchased based on immediate needs, and buying sentiment remained sluggish. However, with spot premiums at low levels ...

China plans to build a mega dam in Tibet, reigniting hopes that Beijing will focus on steel-intensive projects to drive economic growth, amid market expectations of more stimulus measures in the ...

Cost-Driven Price Increases, Strong Wait-and-See Sentiment in the Market] On July 25, magnesium raw material prices remained firm. The ex-factory price of 75 ferrosilicon in Shaanxi was 5,800-5,900 ...

Overnight, LME lead opened at US$2,029/mt, fluctuating sideways during the Asian session. After entering the European session, it climbed to US$2,042/mt. Due to increased short positions, LME lead ...

Inventory Aspects: On July 24, LME lead inventory increased by 6,175 mt to 269,325 mt. As of July 24, the total social inventory of SMM lead ingots in five regions reached 71,400 mt, an increase of ...

Ferrous metals prices continue to rise, galvanizing operating rates increase slightly]: This week, the operating rates of galvanising producers reached 59.42%, up 0.29 percentage points WoW. In terms ...

[SMM Zinc Morning Comment] Overnight LME zinc stopped rising and started to fall, with the KDJ opening narrowing. Overnight LME zinc inventory increased, coupled with ...

Futures: The most-traded SHFE tin contract (SN2508) opened slightly lower in the night session and fluctuated within a downward-shifted range, closing at 271,400 yuan/mt, down 0.83% from the previous ...