Latest Update in the SMM Copper Scrap Market

The above-mentioned minerals are on the US government’s critical minerals list. U.S. is 100% import dependent for arsenic, bismuth, fluorspar, gallium, indium, manganese, niobium, scandium, tantalum, titanium, yttrium and rare earths.

SMM data：Chinese refined tin output in August 2023

SMM SiMn industry data

Russian Deputy Prime Minister Alexander Novak said that the current Brent crude oil price of $75-76/bbl reflects the market's assessment of the global macroeconomic situation.

SHANGHAI, May 16 (SMM) - The price difference between rebar and steel scrap shrank 130 yuan/mt MoM to 1,320 yuan/mt as of April 30, which was lower than the average price difference of 1,491 yuan/mt in 2022.

The Hunan Provincial Meteorological Observatory issued an orange rainstorm warning on the afternoon of the 27th. There will be heavy rain in northeast Hengyang, northwest Shaoyang, southeast Yueyang, Huaihua, and parts of western Loudi. Local heavy rain will be accompanied by short-term heavy precipitation, thunderstorms and strong convective weather. Please strengthen precautions.

The Ministry of National Defense held a regular press conference on the afternoon of April 27. The spokesperson of the Ministry of National Defense, Senior Colonel Tan Kefei, answered reporters’ questions and said that China’s policy on the South China Sea Islands and its China has indisputable sovereignty over the adjacent waters and has sovereign rights and jurisdiction over the relevant waters.

At the digital economy sub-forum of the Digital China Construction Summit, Sun Wei, deputy director of the High Technology Department of the National Development and Reform Commission, said that the first is to promote top-level design In line with the implemented policies, speed up the establishment of a "1+N" basic system of data elements.