Shanghai Metals Market

SMM Electric Furnace Operating Rate

During the survey period (October 14–October 21), demand recovery strength and sustainability during the September-October peak season remained insufficient due to the drag from the real estate sector ...
Shanghai Metals Market

Guangdong inventory approaches peak levels in nearly three years! How will spot premiums/discounts trend going forward?

According to SMM data, as of October 21, inventory in Guangdong reached 53,400 mt, approaching a three-year peak, and the ...
Shanghai Metals Market

CATL's Choco-Swap network surpasses 700 stations as nationwide expansion accelerates

With the inauguration of the battery-swapping station at Jinan Innovation Zone on October 21, CATL's Choco-Swap network has surpassed 700 operational sites nationwide, according to a post on CATL ...
Shanghai Metals Market

Dongfeng Motor advances solid-state battery technology with over 1,000 km range

Shanghai (Gasgoo)- On October 20, Dongfeng Motor announced via its official WeChat account that the company is steadily advancing its solid-state battery R&D and industrial deployment, achieving a ...
Shanghai Metals Market

Silver Prices Retreat from Highs, Spot Market Trading Remains Thin [SMM Daily Review]

Silver prices retreated from highs today, while spot market supply remained tight. The spot-futures price spread for TD against the most-traded SHFE silver 2512 contract widened slightly to 10-20 yuan ...
Shanghai Metals Market

IAI Releases September Global Primary Aluminum Production Data

On Monday, October 20, data released by the International Aluminum Institute (IAI) showed that global primary aluminum ...
Shanghai Metals Market

Profit Contraction and Stricter Environmental Protection Measures to Weigh on Hot Metal Production

According to the SMM survey, on October 15, the blast furnace operating rate of the 242 steel mills surveyed by SMM stood at ...
Shanghai Metals Market

Secondary Lead: Primary Lead Supply Is Scarce, Downstream Battery Producers Primarily Purchase Secondary Refined Lead [SMM Lead Midday Review]

The SMM #1 lead average price today remained flat from yesterday at 16,700 yuan/mt. The mainstream spot order discount price was 50-0 yuan/mt below the SMM #1 lead average price, with some sources at ...
Shanghai Metals Market

Tracking Green Hydrogen Projects: Dutch Company Achieves Breakthrough in Green Hydrogen Catalyst, Reducing Iridium Usage by 90%

Breakthrough Entity and Collaborators: Led by Dutch company VSPARTICLE, in partnership with hydrogen fuel cell manufacturer Plug Power Inc. and the US University of Delaware's Clean Hydrogen Center, ...
Shanghai Metals Market

BHP starts FY strong as copper and iron-ore output lift in tightening markets

Commodities giant BHP has made what CEO Mike Henry described as “a strong start to the year”, with solid operational ...
Shanghai Metals Market

Tracking Green Hydrogen Projects—The First Demonstration Project for Hydrogen Production from Desulfurization Wastewater at a Thermal Power Plant by Dongfang Electric (Fujian ...

Jointly developed by the Dongfu Research Institute, Dongfang Electric Machinery, and the 725th Research Institute of China State Shipbuilding Corporation, it was put into operation in Fujian at the ...
Shanghai Metals Market

Weak consumption prompts downstream buyers to make just-in-time procurement, spot premiums/discounts weaken [SMM North China Spot Copper]

Spot prices of #1 copper cathode in North China against the front-month contract were at a discount of 200-120 yuan/mt today, with an average discount of 160 yuan/mt, down 10 yuan/mt from the previous ...