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1. Selected News
December SiMn Exports Decreased MoM, International Competition Becomes Core Suppression [SMM Analysis]
SMM · 3 hours ago
1. Selected News
National Bureau of Statistics (NBS): Manufacturing PMI in January Was 49.3%, Business Climate Declined MoM, Production Continued to Expand
SMM · 4 hours ago
1. Analysis
2. Industry
【SMM Analysis】Weekly Review of Indonesian Nickel Market - Jan 30
SMM · 13 hours ago
1. Selected News
2. Analysis
Capacity Expansion Faces Bottlenecks, Demand Structure Further Diversifies: Long-Term Outlook for the Domestic Aluminum Billet Market, 2025-2030 [SMM Analysis]
SMM · 16 hours ago
SMM · 17 hours ago
1. Analysis
[SMM Analysis] Steel Mill Profits Expanded MoM in the First Month of 2026
SMM · 18 hours ago
1. Selected News
The most-traded BC copper contract closed down 2.85%, as speculative fervor cooled, weighing on copper prices [SMM BC Copper Review]
1. Selected News
Vale's Copper and Iron Ore Production Hit a Seven-Year High
Ministry of Natural Resources of the People's Repu · 18 hours ago
1. Analysis
2. Industry
[SMM Survey] Operating Rate of Aluminum Downstream Sectors Declined Sharply by 1.5 Percentage Points, Operations Under Pressure Amid Combined Effects of Chinese New Year and High Aluminum Prices
SMM · 18 hours ago
1. Analysis
[SMM Analysis] January 2026 Lithium Carbonate Review: Capital Sentiment and Pre-Holiday Stockpiling Resonate, Lithium Carbonate Experiences a Retreat After Rapid Rise
SMM · 19 hours ago
1. Analysis
【SMM Analysis】This Week's Hydrometallurgy Recycling Market: Recycling Prices Remained Stable, and Stockpiling in the Market Basically Ended (January 19–22, 2026)
SMM · 19 hours ago
SMM · 19 hours ago
1. Selected News
The Black Industrial Chain Lacked Upward or Downward Momentum Before the Holiday [SMM Steel Industry Chain Weekly Report]
SMM · 19 hours ago
1. Analysis
【SMM Analysis】China's Import and Export Situation of Black Mass in 2025
1. Selected News
2. Analysis
3. Exclusive
4. Industry
[SMM Analysis] India PV Market Observation: DCR Module Premium Pulls Back, Price Trend Returns to Cost Logic
SMM · 19 hours ago
1. Selected News
The most-traded SHFE tin contract plummeted more than 8% in a single day, and tin prices are expected to remain in the doldrums in the short term [SMM Tin Futures Review]
SMM · 19 hours ago
1. Analysis
【SMM Analysis】This Week's Hydrometallurgy Recycling Market: Recycling Prices Remained Stable, and Stockpiling in the Market Basically Ended (January 26–29, 2026)
SMM · 19 hours ago
1. Analysis
【SMM Analysis】What benefits does the release of China's new recycling policy bring to lithium battery recycling enterprises?
SMM · 19 hours ago
SMM · 19 hours ago
1. Analysis
【SMM Analysis】How Will the Adjustment of Import Tariffs on Black Mass Starting from New Year's Day Affect the Recycling Market?
SMM · 19 hours ago
1. Analysis
[SMM Hot Topic] SMM Forecasts 20%-25% Increase in Total Hot-Rolled Coil Inventory Accumulation in First Week After 2026 Chinese New Year
1. Latest
Implementation of the Guiding Document 'No. 114' for Energy Storage Capacity Subsidies
SMM · 19 hours ago
1. Selected News
Weekly Brief Review of the Lead Concentrate Market (January 26, 2026–January 30, 2026) [SMM Lead Concentrate Weekly Review]
SMM · 19 hours ago
1. Selected News
This week, lead prices were in the doldrums, and the discount for primary lead narrowed slightly toward the weekend. [SMM Refined Lead Spot Market Weekly Review]
SMM · 19 hours ago
1. Selected News
SMM Weekly Operating Rate of Primary Lead Smelters (January 23, 2026–January 29, 2026) [SMM Weekly Review of Primary Lead Operating Rates]
SMM · 19 hours ago
SMM · 19 hours ago
1. Selected News
[SMM Chrome Weekly Review] Cost Increases Support Iron Prices, Futures Rise and Spot Cargo Follows Suit
SMM · 19 hours ago
1. Analysis
MMi Daily Iron Ore Report (January 30)

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Most Popular

Fundamental System Shift: Analysts Outline Gold Price Increase to $8,650 per Ounce!

News flash

【SMM News Flash】Citi Warns of Rising Risks in Commodity Markets - Despite Analysts' View of Weak Fundamentals in Copper Market, Copper Prices Surged Significantly This Week, While Crude Oil and Gold Markets Also Experienced Unusual Movements Due to Escalating Tensions in the Middle East. Tom Mulqueen, Head of Metals Research at Citi, Stated in a Report First Released on Thursday That, Driven by Capital Inflows Following the Rally in Precious Metals and a Weakening US Dollar, Copper Prices Could Climb to $15,000-16,000/mt in the Coming Weeks.
30 Jan, 2026 23:54:03
【SMM News Flash】PengXin Resources (600490) announced on January 30 that it expects to achieve a net profit attributable to the owners of the parent company of 210 million yuan to 290 million yuan in 2025, turning a profit on a YoY basis. The main reasons for the expected profit were an increase in the production of mined gold, copper cathode, and sulphuric acid, along with a YoY rise in selling prices during the reporting period; additionally, cobalt hydroxide prices rebounded, with the reversal of impairment losses on cobalt hydroxide and the completion of sales of some products.
30 Jan, 2026 23:52:01
【SMM News Flash】Glencore, one of the world's largest mining and commodity trading groups, is expected to prioritize the development of its copper production operations in the Democratic Republic of the Congo (DRC) in 2026 and adjust its production plans accordingly. As export restrictions continue to weigh on the country's cobalt exports, this move by Glencore underscores how market control and the global energy transition are reshaping mining strategies in Africa. The company stated that it has issued production guidance for the coming year but has not yet provided a cobalt production forecast due to high uncertainty. Although the company continues to mine cobalt in the DRC, exports remain restricted due to a quota system implemented by the Congolese government to manage supply surplus and stabilize prices.
30 Jan, 2026 23:47:30
Recently, Yunnan Jiantao New Material Co., Ltd. completed core infrastructure construction, including the melting and casting plant and pretreatment plant, for its 6.6 billion yuan total investment project with an annual output of 600,000 mt of green, low-carbon, high-precision aluminum plate/sheet and strip and 100,000 mt of environmentally friendly recycled aluminum alloy ingots. To generate benefits as soon as possible, the company adopted a coordinated approach of "equipment debugging + production line" to fully advance the project. The project is expected to be fully operational in 2026, with annual output value exceeding 15 billion yuan. In October 2025, equipment installation began for the No. 1 production line of the 100,000 mt per year environmentally friendly recycled aluminum alloy ingot project, which has now entered the trial production stage. Dai Changwei, Director of the Melting and Casting Division of the Manufacturing Center, revealed that the project plans a total of five core production lines. The No. 1 line currently undergoing debugging is the alloy ingot production line, while lines No. 2 to 5 are for slab ingots. The designed capacity for the alloy ingot production line is 100,000 mt per year, and the slab ingot lines have a combined designed annual capacity of 780,000 mt.
30 Jan, 2026 22:01:23
Century Aluminum (Century) announced on Monday that it is set to acquire a 40% stake in a smelter planned by Emirates Global Aluminium (EGA) to be built in the US. In May 2025, EGA announced plans to construct a smelter in Enola, Oklahoma, with EGA retaining a 60% stake in the joint venture. This smelter will be the first new aluminum smelter built in the US in nearly 50 years. EGA stated last year that it would invest approximately $4 billion in the project’s development. The two companies indicated that, with Century’s involvement, the planned capacity of the smelter has been increased from the previous 600,000 mt of aluminum per year to 750,000 mt, which would more than double US aluminum production. The companies stated that construction of the smelter is expected to begin before the end of the year, with operations slated to commence by the end of this decade. Additionally, the project is projected to create 1,000 permanent jobs at the site and support 4,000 construction jobs. Former US President Donald Trump sought to boost domestic aluminum production by imposing tariffs on aluminum imports. Aluminum is one of the US’s critical minerals. Since June last year, the tariff rate doubled to 50%, driving the US Midwest aluminum premium to a record 99¢ per pound this month, equivalent to approximately $2,183 per mt.
30 Jan, 2026 22:00:39
SMS Group Upgrades Hot Rolling Equipment for GARMCO SMS Group has carried out an upgrade for the hot rolling equipment belonging to Gulf Aluminium Rolling Mill Company (GARMCO). The upgrade includes motors and drives in a single-stand reversing hot mill originally built by a third-party mill supplier. The project aims to enhance the plant’s operational efficiency and reliability while enabling it to meet future demands of the aluminum processing industry. The scope of the project involves replacing outdated DC motors with three-phase AC motors and cutting-edge drive technology, including a frequency converter system powered by an active front end and a new transformer. Compared to the mill’s original design capacity, the new-type drive system will increase available torque by 20%, restoring the company’s hot rolling mill to full-load operation and positioning it as a facility capable of advancing R&D in aluminum hot rolling. The twin-motor drive system from SMS Group is at the core of the entire equipment upgrade. Key components include a custom gearbox combining two electric motors rated at 2,150 kW each and two SMS mega-torque spindles. Combined with SMS Group’s highly advanced gear design, this drive system concept delivers unique power capabilities, significantly reduces investment costs and space requirements, and allows for a degree of redundancy.
30 Jan, 2026 22:00:04
Emirates Global Aluminium (EGA) achieved a milestone in the construction process by injecting scrap metal into its giant smelting furnace. This giant furnace is located within the aluminum recycling plant under construction in Al Taweelah, UAE. The project is expected to be fully completed by the end of Q1 2026. The recycling plant will have an annual capacity of 185,000 mt, making it the largest aluminum scrap recycling facility in the UAE. The new plant will process post-consumer recycled aluminum scrap and aluminum scrap from the production process, mixing it with primary aluminum to produce low-carbon, high-grade aluminum billets and T-bars. Emirates Global Aluminium also introduced a new product series named CelestiAL-R, which blends solar-powered green aluminum with recycled metal, while aluminum semis produced using nuclear power are marketed under the name MinimAL-R.
30 Jan, 2026 21:59:22
Indonesia's Aluminum Industry Receives Major Investment! Chinese Company's 10.5 Billion Yuan Aluminum Smelter Project Set to Launch According to a report by Indonesia's KOMPAS, Pasuruan Regency in East Java Province recently witnessed a significant investment development. Chongqing Bosai Mining (Group) Co., Ltd. (abbreviated as Bosai Group) plans to invest in the construction of an aluminum project locally, with the investment amount preliminarily finalized at approximately $1.5 billion (about 10.5 billion yuan).
30 Jan, 2026 21:58:47

December SiMn Exports Decreased MoM, International Competition Becomes Core Suppression [SMM Analysis]

National Bureau of Statistics (NBS): Manufacturing PMI in January Was 49.3%, Business Climate Declined MoM, Production Continued to Expand

【SMM Analysis】Weekly Review of Indonesian Nickel Market - Jan 30

Capacity Expansion Faces Bottlenecks, Demand Structure Further Diversifies: Long-Term Outlook for the Domestic Aluminum Billet Market, 2025-2030 [SMM Analysis]

Analysis[SMM Analysis] Steel Mill Profits Expanded MoM in the First Month of 2026

Selected NewsThe most-traded BC copper contract closed down 2.85%, as speculative fervor cooled, weighing on copper prices [SMM BC Copper Review]

Vale's Copper and Iron Ore Production Hit a Seven-Year High

[SMM Survey] Operating Rate of Aluminum Downstream Sectors Declined Sharply by 1.5 Percentage Points, Operations Under Pressure Amid Combined Effects of Chinese New Year and High Aluminum Prices

[SMM Analysis] January 2026 Lithium Carbonate Review: Capital Sentiment and Pre-Holiday Stockpiling Resonate, Lithium Carbonate Experiences a Retreat After Rapid Rise

【SMM Analysis】This Week's Hydrometallurgy Recycling Market: Recycling Prices Remained Stable, and Stockpiling in the Market Basically Ended (January 19–22, 2026)

Selected NewsThe Black Industrial Chain Lacked Upward or Downward Momentum Before the Holiday [SMM Steel Industry Chain Weekly Report]

Analysis【SMM Analysis】China's Import and Export Situation of Black Mass in 2025

[SMM Analysis] India PV Market Observation: DCR Module Premium Pulls Back, Price Trend Returns to Cost Logic

The most-traded SHFE tin contract plummeted more than 8% in a single day, and tin prices are expected to remain in the doldrums in the short term [SMM Tin Futures Review]

【SMM Analysis】This Week's Hydrometallurgy Recycling Market: Recycling Prices Remained Stable, and Stockpiling in the Market Basically Ended (January 26–29, 2026)

【SMM Analysis】What benefits does the release of China's new recycling policy bring to lithium battery recycling enterprises?

Analysis【SMM Analysis】How Will the Adjustment of Import Tariffs on Black Mass Starting from New Year's Day Affect the Recycling Market?

Analysis[SMM Hot Topic] SMM Forecasts 20%-25% Increase in Total Hot-Rolled Coil Inventory Accumulation in First Week After 2026 Chinese New Year

Implementation of the Guiding Document 'No. 114' for Energy Storage Capacity Subsidies

Weekly Brief Review of the Lead Concentrate Market (January 26, 2026–January 30, 2026) [SMM Lead Concentrate Weekly Review]

This week, lead prices were in the doldrums, and the discount for primary lead narrowed slightly toward the weekend. [SMM Refined Lead Spot Market Weekly Review]

SMM Weekly Operating Rate of Primary Lead Smelters (January 23, 2026–January 29, 2026) [SMM Weekly Review of Primary Lead Operating Rates]

Selected News[SMM Chrome Weekly Review] Cost Increases Support Iron Prices, Futures Rise and Spot Cargo Follows Suit

AnalysisMMi Daily Iron Ore Report (January 30)

Analysis
[SMM Analysis] Steel Mill Profits Expanded MoM in the First Month of 2026

Selected News
The most-traded BC copper contract closed down 2.85%, as speculative fervor cooled, weighing on copper prices [SMM BC Copper Review]

Selected News
The Black Industrial Chain Lacked Upward or Downward Momentum Before the Holiday [SMM Steel Industry Chain Weekly Report]

Analysis
【SMM Analysis】China's Import and Export Situation of Black Mass in 2025

Analysis
【SMM Analysis】How Will the Adjustment of Import Tariffs on Black Mass Starting from New Year's Day Affect the Recycling Market?

Analysis
[SMM Hot Topic] SMM Forecasts 20%-25% Increase in Total Hot-Rolled Coil Inventory Accumulation in First Week After 2026 Chinese New Year

Selected News
[SMM Chrome Weekly Review] Cost Increases Support Iron Prices, Futures Rise and Spot Cargo Follows Suit

Analysis
MMi Daily Iron Ore Report (January 30)