Latest Update in the SMM Diaphragm Market

Silver production in March rebounded MoM but declined YoY. The sustainability of growth in April will depend on the grade of raw materials and the release of recycled silver capacity.

LME 3M aluminium prices came under pressure after the U.S. tariff announcement on 2 April, driven by concerns over weakening global demand and rising trade uncertainty. High tariffs are expected to disrupt Southeast Asia’s exports of aluminium products to the U.S., dampening primary aluminium consumption. Risk-off sentiment also led to long liquidation, further weighing on prices.

The supply of tin from MSC was disrupted due to a natural gas explosion, with the resumption time yet to be determined. According to a statement from Malaysia Smelting Corporation Berhad (MSC) on April 3, the natural gas supply to the company's smelter was interrupted following a natural gas pipeline explosion in Putra Heights, Selangor, Malaysia, on April 1, 2025, leading to a halt in tin supply. The time for resuming supply awaits further notice. Currently, there is no official timetable for the restoration of natural gas supply.