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1. Selected News
[SMM Nickel Sulphate Daily Review] December 6th: Procurement Sentiment Remains Weak, Nickel Salt Prices Unchanged from Yesterday
SMM · 6 minutes ago
1. Selected News
Secondary Lead: Downstream Adopted a Wait-and-See Attitude, Purchase Willingness Declined Today [SMM Lead Midday Review]
SMM · an hour ago
1. Selected News
[SMM Nickel Midday Review] Nickel Prices Fluctuate Rangebound on December 8, Central Bank Increases Gold Holdings for 13th Consecutive Month
SMM · an hour ago
1. Selected News
SHFE Tin Fluctuates at Highs Under Pressure, Supply-Demand Deadlock Awaits Breakthrough [SMM Tin Midday Review]
SMM · an hour ago
SMM · 2 hours ago
1. Selected News
Sluggish Demand Performance, Dismal Market Trading [SMM North China Spot Copper]
SMM · 2 hours ago
1. Selected News
It is reported that the tender for crude cadmium and refined cadmium from a factory in the north was successfully concluded [SMM Report].
1. Industry
Vale lowers its forecast for iron ore production in 2026
GMK Center · 2 hours ago
1. Industry
These Were The 10 Biggest EV Battery Developments In 2025
InsideEVs · 3 hours ago
1. Selected News
Stainless Steel Project Procurement Tender Announcement
SMM · 3 hours ago
1. Industry
Two EV battery players are joining forces to develop all-solid-state batteries
electrek · 3 hours ago
SMM · 3 hours ago
1. Selected News
Transaction Center of Silicon Metal Weakens, Polysilicon Prices Hold Steady [SMM Silicon-Based PV Morning Conference Summary]
SMM · 4 hours ago
1. Selected News
Supply-demand imbalance The magnesium market was in the doldrums today [SMM Magnesium Morning Meeting Minutes]
1. Analysis
2. Exclusive
3. Industry
Enamelled Wire: Marginal Improvement in November Demand Supports a Weak Recovery, Record-High Copper Prices Hinder the Rebound in December Operating Rates
SMM · 4 hours ago
1. Selected News
Policy support coupled with transportation disruptions underpins the bottom High prices suppress demand, beware of pullback risks [SMM Aluminum Morning Meeting Minutes]
SMM · 4 hours ago
1. Selected News
Downstream Foundry Operations Shrink, Cast Aluminum Alloy Prices Adjust with Primary Aluminum [SMM Cast Aluminum Alloy Morning Comment]
SMM · 4 hours ago
1. Selected News
Lead Price Lacks Momentum for Further Increases, May Maintain High-Level Consolidation [SMM Lead Morning News]
SMM · 4 hours ago
SMM · 4 hours ago
1. Selected News
Domestic and Overseas Lead Inventories Decline, Short-Term Lead Prices Hold Up Well [SMM Lead Morning Meeting Minutes]
SMM · 4 hours ago
1. Selected News
DRC state-owned enterprise Gecamines cooperates with Mercuria, LME copper surged significantly last Friday [SMM Copper Morning Meeting Minutes]
1. Selected News
The most-traded SHFE tin contract opened slightly lower in the night session and maintained a fluctuating trend. The spot market overall exhibited characteristics of "high prices, low activity" [SMM Tin Morning News].
SMM · 4 hours ago
1. Selected News
Both domestic and overseas tin markets overall show a fluctuating trend at highs Downstream end-users exhibit a strong wait-and-see sentiment [SMM Tin Morning Meeting Minutes]
SMM · 4 hours ago
1. Selected News
TCs Continue to Decline SHFE Zinc Maintains Fluctuating Trend [SMM Zinc Morning Comment]
SMM · 4 hours ago
1. Selected News
September PCE Data Falls Short of Expectations, LME Zinc Center Edges Up [SMM Morning Meeting Minutes]
SMM · 4 hours ago
gasgoo · 6 hours ago
Foreign companies Are Losing Ground in China: Industrial-Age Playbooks Can’t Win in a Digital-Age Battle
SMM · 2 days ago
1. Analysis
2. Industry
SMM Solid-State Battery Weekly Updates: Industrialization Accelerates, the US and South Korea Step up Tech Competition

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Most Popular

Global Tungsten Market Update: Supply Crisis Drives European Prices to Multi-Year Highs [SMM Analysis]

News flash

The annual rate of the US core PCE price index unexpectedly pulled back to 2.8% in September, hitting a three-month low, while market expectations were for it to record 2.9% for the third consecutive month.
08 Dec, 2025 11:50:31
On December 8, the SMM #1 refined nickel price was 117,500-122,900 yuan/mt, with an average price of 120,200 yuan/mt, up 150 yuan/mt from the previous trading day. The mainstream spot premium quotation range for Jinchuan #1 refined nickel was 4,800-5,100 yuan/mt, with an average premium of 4,950 yuan/mt, up 50 yuan/mt from the previous trading day. The spot premium/discount quotation range for mainstream domestic brands of electrodeposited nickel was -200-400 yuan/mt.
08 Dec, 2025 11:49:41
[SMM Aluminum Express News] A major alumina refinery project in Banten, Indonesia, is moving forward. PT Banten Anugerah Industri Kemajuan and the state electricity company, PLN, have signed a Memorandum of Understanding for a massive new power supply of 1,920 MVA. The power will be provided in two phases: 960 MVA by 2026, increasing to the full 1,920 MVA by 2027. This reliable, large-scale electricity supply was a critical factor in the company's investment decision for the global-scale facility. PLN will coordinate all technical preparations, from system studies to building the necessary transmission infrastructure.
08 Dec, 2025 11:45:17
[Copper cathode rod November inventory level] In November, days of raw material inventories for copper cathode rod enterprises decreased by 0.72 days MoM to 1.76 days, while days of finished product inventories decreased by 2.21 days MoM to 3.93 days. The main reasons were that after the operating rate rebounded, enterprises prioritized consuming existing inventories, and raw material procurement was maintained on a just-in-time basis; after the price correction, destocking focused on finished product inventories, and coupled with high volatility in current copper prices, enterprises strictly controlled finished product inventory levels.
08 Dec, 2025 11:27:05
[Copper cathode rod November operating rate] The operating rate in the copper cathode rod industry was 66.65% in November, up 5.5 percentage points MoM, but down 8.03 percentage points YoY. The main reasons were that enterprises resumed normal production one after another, and downstream restocked on dips after a slight correction in copper prices, which collectively drove the operating rate rebound. SMM expects the operating rate to drop slightly by 1.58 percentage points in December, mainly due to financial constraints downstream at year-end and rising copper prices in December suppressing new orders. However, some enterprises' push for annual target at year-end limited the decline in the operating rate.
08 Dec, 2025 11:26:36
SMM December 8 News – According to market rumors obtained by SMM, a major smelter in northern China recently conducted a public tender for several tons of crude cadmium and refined cadmium, which was successfully concluded. Unverified market sources indicate that the final transaction price for refined cadmium was at a discount of RMB 1,400 yuan per ton to the benchmark price, while crude cadmium was transacted at a discount of RMB 3,000 yuan per ton to the benchmark. Market participants noted that although cadmium prices currently show a weakening trend and downstream buying interest remains lackluster, the successful conclusion of this tender may reflect that actual market demand is not as weak as perceived.
08 Dec, 2025 10:53:50
US Steel, an American steel company, said it’s starting to restart one of the two blast furnaces at its Granite City Works plant in Illinois. They made this decision after looking at market demand for a few months, which showed steady growth in orders from key customer segments According to US Steel CEO David Burritt, the company is confident in its ability to safely and profitably restart operations to meet customer demand in 2026. The blast furnace, which was temporarily shut down in 2023 due to weak market conditions, will now once again become a central element of the production recovery strategy. At the same time, restarting the unit will require a significant expansion of the workforce. The company estimates that approximately 400 additional employees will be hired. This will bring the total number of employees at the Granite City Works site to approximately 1,200. The production ramp-up comes on the heels of a major deal. In June, Japanese company Nippon Steel officially closed its $14.9 billion acquisition of US Steel.
08 Dec, 2025 10:46:19
Brazilian mining giant Vale has revised its iron ore production forecast for 2026 downward to 335-345 million tons, representing a reduction from the previous estimate of 340-360 million tons. The company expects to produce approximately 335 million tons in the current year. Vale's medium-grade Carajás ore sales are projected to reach 50 million tons in 2026, up from 33 million tons in 2025, while sales of PFC (Pellet Feed China) products are anticipated to increase to 40 million tons next year from 26 million tons this year. The company's sinter production is forecast to range between 30-34 million tons in 2026, with long-term growth targets of 60-70 million tons by 2030. Vale CEO Gustavo Pimenta said the company is preparing to meet rising iron ore demand from India, which may double its steel output by decade’s end. He noted that increased sales to India and other Asian markets could offset China’s stagnant demand. India will import about 10 million tons of Vale ore in 2025.
08 Dec, 2025 10:42:10

[SMM Nickel Sulphate Daily Review] December 6th: Procurement Sentiment Remains Weak, Nickel Salt Prices Unchanged from Yesterday

Secondary Lead: Downstream Adopted a Wait-and-See Attitude, Purchase Willingness Declined Today [SMM Lead Midday Review]

[SMM Nickel Midday Review] Nickel Prices Fluctuate Rangebound on December 8, Central Bank Increases Gold Holdings for 13th Consecutive Month

SHFE Tin Fluctuates at Highs Under Pressure, Supply-Demand Deadlock Awaits Breakthrough [SMM Tin Midday Review]

Selected NewsSluggish Demand Performance, Dismal Market Trading [SMM North China Spot Copper]

Selected NewsIt is reported that the tender for crude cadmium and refined cadmium from a factory in the north was successfully concluded [SMM Report].

Vale lowers its forecast for iron ore production in 2026

These Were The 10 Biggest EV Battery Developments In 2025

Stainless Steel Project Procurement Tender Announcement

Two EV battery players are joining forces to develop all-solid-state batteries

Selected NewsTransaction Center of Silicon Metal Weakens, Polysilicon Prices Hold Steady [SMM Silicon-Based PV Morning Conference Summary]

Selected NewsSupply-demand imbalance The magnesium market was in the doldrums today [SMM Magnesium Morning Meeting Minutes]

Enamelled Wire: Marginal Improvement in November Demand Supports a Weak Recovery, Record-High Copper Prices Hinder the Rebound in December Operating Rates

Policy support coupled with transportation disruptions underpins the bottom High prices suppress demand, beware of pullback risks [SMM Aluminum Morning Meeting Minutes]

Downstream Foundry Operations Shrink, Cast Aluminum Alloy Prices Adjust with Primary Aluminum [SMM Cast Aluminum Alloy Morning Comment]

Lead Price Lacks Momentum for Further Increases, May Maintain High-Level Consolidation [SMM Lead Morning News]

Selected NewsDomestic and Overseas Lead Inventories Decline, Short-Term Lead Prices Hold Up Well [SMM Lead Morning Meeting Minutes]

Selected NewsDRC state-owned enterprise Gecamines cooperates with Mercuria, LME copper surged significantly last Friday [SMM Copper Morning Meeting Minutes]

The most-traded SHFE tin contract opened slightly lower in the night session and maintained a fluctuating trend. The spot market overall exhibited characteristics of "high prices, low activity" [SMM Tin Morning News].

Both domestic and overseas tin markets overall show a fluctuating trend at highs Downstream end-users exhibit a strong wait-and-see sentiment [SMM Tin Morning Meeting Minutes]

TCs Continue to Decline SHFE Zinc Maintains Fluctuating Trend [SMM Zinc Morning Comment]

September PCE Data Falls Short of Expectations, LME Zinc Center Edges Up [SMM Morning Meeting Minutes]

Foreign companies Are Losing Ground in China: Industrial-Age Playbooks Can’t Win in a Digital-Age Battle

AnalysisIndustrySMM Solid-State Battery Weekly Updates: Industrialization Accelerates, the US and South Korea Step up Tech Competition

Selected News
Sluggish Demand Performance, Dismal Market Trading [SMM North China Spot Copper]

Selected News
It is reported that the tender for crude cadmium and refined cadmium from a factory in the north was successfully concluded [SMM Report].

Selected News
Transaction Center of Silicon Metal Weakens, Polysilicon Prices Hold Steady [SMM Silicon-Based PV Morning Conference Summary]

Selected News
Supply-demand imbalance The magnesium market was in the doldrums today [SMM Magnesium Morning Meeting Minutes]

Selected News
Domestic and Overseas Lead Inventories Decline, Short-Term Lead Prices Hold Up Well [SMM Lead Morning Meeting Minutes]

Selected News
DRC state-owned enterprise Gecamines cooperates with Mercuria, LME copper surged significantly last Friday [SMM Copper Morning Meeting Minutes]

Analysis
Industry
SMM Solid-State Battery Weekly Updates: Industrialization Accelerates, the US and South Korea Step up Tech Competition