Shanghai Metals Market

Xingchuan Technology's Solid-State Battery Layout: A Surprise Contender in the HEV Arena?

At the technological inflection point where the global new energy vehicle industry is evolving from "quantity" to "quality" ...
Shanghai Metals Market

Spot-Futures Price Spread Boosts Purchases, Regional Sentiment Diverges [SMM Spot Aluminum Midday Review]

The SHFE aluminum 2601 contract continued to rise in the morning session, with the price center moving higher compared to the previous trading day. Due to the low spot-futures price spread, overall ...
Shanghai Metals Market

[SMM Analysis] Lithium Carbonate Futures Hit Limit Up, Sparking Seller-Buyer Stalemate

SMM Battery-grade lithium carbonate traded at 120,000–135,000 yuan/mt, with an average price of 127,500 yuan/mt, up 8,000 ...
Shanghai Metals Market

Platinum Prices Fluctuated at Highs, Spot Market Trading Was Moderate [SMM Daily Review]

In early trading, platinum prices opened significantly higher before narrowing their gains to fluctuate around 6%. The discount of domestic spot platinum against the GFEX pt2606 contract decreased to ...
Shanghai Metals Market

Macro sentiment continues, SHFE tin breaks through the 360,000 yuan mark in the afternoon session [SMM Tin Midday Review]

Overall, the current SHFE tin trend is still dominated by macro sentiment and capital flows. In the afternoon, it is expected to continue fluctuating at highs, with attention needed on the impact of ...
Shanghai Metals Market

Secondary Lead: Suppliers Expanded Offer Discounts, and Today's Trading Remained Sluggish [SMM Lead Midday Review]

The SMM #1 lead average price increased by 125 yuan/mt from yesterday to 17,475 yuan/mt today. The mainstream spot order quotations for refined lead with tax were at a discount of 175–25 yuan/mt ...
Shanghai Metals Market

Baiyin Nonferrous Group Co., Ltd. publicly tendered for 100 mt of crude cadmium on the 7th [SMM report]

According to SMM, Baiyin Nonferrous Group Co., Ltd.'s Northwest Lead-Zinc Smelter launched a public tender to sell 100 mt of crude cadmium. Official information indicated that the bidding floor price ...
Shanghai Metals Market

Market demand remained sluggish, and spot premiums/discounts weakened [SMM North China Spot Copper]

Today, in North China, spot prices of #1 copper cathode against the front-month contract were at a discount of 440-280 yuan/mt, with an average discount of 360 yuan/mt, down 60 yuan/mt from the ...
Shanghai Metals Market

Reshaping the Magnesium Export Landscape through Regulatory Upgrades UAE Joins the Game to Expand Global Supply Chain [SMM Survey]

Regulatory upgrades reshape magnesium export landscape, UAE enters the fray to expand global supply chain ] With the full implementation of new regulations linking China's customs and tax systems for ...
Shanghai Metals Market

[SMM Analysis] Dual-Use Items Control on Japan Takes Effect, Japanese Battery Enterprises May Face Raw Material Supply Challenges

Dual-Use Items Control Takes Effect, Japanese Battery Enterprises May Face Raw Material Supply Challenges] SMM January 7 News: On January 4, 2026, the Ministry of Commerce and the General ...
Shanghai Metals Market

[SMM Analysis] Market Speculative Enthusiasm Soars, Overnight Multiple SHFE Nickel Contracts Hit Limit-Up

During the night session on January 6, 2026, multiple SHFE nickel contracts hit limit-up, with the most-traded SHFE nickel contract (2602) closing up at 147,720 yuan/mt, while the LME nickel 3M ...