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News
- [SMM Stainless Steel Flash] UK Construction Sector Criticizes Stricter Steel Tariffs and Quota Cuts Amid Rising Costs
The UK construction industry has strongly criticized proposed trade measures that would introduce stricter steel tariffs of 50% alongside quota reductions of up to 60%. Industry representatives warn these measures will drastically inflate costs for private housing and public infrastructure, particularly threatening the viability of companies involved in the €115 billion HS2 railway project, where large volumes of imported steel are already contracted. Thorsten Gerber, CEO of the Gerber Group, warned that these protectionist approaches disproportionately harm SMEs, automotive manufacturers, and the entire downstream metal processing sector, urging both London and Brussels to reconsider their strategies to avoid massive economic damage and widespread job losses.
Mar 23, 2026 19:50 - Geopolitical Tensions Stall Mideast Aluminum Shipments, Mercuria Withdraws 100,000 mt from LME Warehouses
According to foreign media reports, as the ongoing escalation of geopolitical conflict in the Middle East disrupted navigation through the Strait of Hormuz, shipments of aluminum products in the region had “stalled.” Mercuria Energy Group, the world’s largest independent integrated energy and commodities trading house, was expected to urgently withdraw nearly 100,000 mt of aluminum from London Metal Exchange (LME) warehousing facilities to ease the supply gap in European and US markets. Three sources familiar with the matter revealed that Switzerland-based Mercuria had on Monday canceled warrants for, or earmarked for delivery, nearly 100,000 mt of aluminum stored in LME-approved warehouses at Port Klang. Mercuria has so far declined to comment on the move.
Mar 13, 2026 23:22 - Gold bulls say broader rally is intact despite investors' dash for cash
LONDON, March 3 (Reuters) - Gold's appeal as it draws support from the widening conflict in the Middle East is expected to remain intact even if some investors have favoured the dollar as their preferred safe haven, traders and analysts said.
Mar 5, 2026 09:46 - The First Meeting of the China-U.S. Economic and Trade Consultation Mechanism Was Held in London, UK
From June 9 to 10 local time, He Lifeng, the Chinese lead negotiator for China-US economic and trade talks and Vice Premier of the State Council, held the first meeting of the China-US economic and trade consultation mechanism with the US lead negotiators, US Treasury Secretary Scott Bessent, Commerce Secretary Gina Raimondo, and Trade Representative Jamie Grierson in London, UK. Both sides engaged in candid and in-depth dialogue, exchanged in-depth views on economic and trade issues of mutual concern, reached a consensus in principle on the framework of measures to implement the important agreements reached during the phone call between the two heads of state on June 5 and to consolidate the outcomes of the Geneva economic and trade talks, and made new progress in addressing each other's economic and trade concerns. He Lifeng stated that this meeting was an important consultation conducted under the strategic consensus reached by the two heads of state on June 5 this year. China's attitude and stance on China-US economic and trade issues are clear and consistent. The essence of China-US economic and trade relations is mutual benefit and win-win results. Both countries stand to gain from cooperation and suffer from confrontation in the economic and trade field. There are no winners in a trade war. China does not want to fight one, but it is not afraid to do so either. Both sides should resolve economic and trade differences through equal dialogue and mutually beneficial cooperation. China is sincere and principled in its economic and trade consultations. Going forward, both sides should further leverage the role of the China-US economic and trade consultation mechanism in accordance with the important agreements and requirements reached during the phone call between the two heads of state, continuously enhance consensus, reduce misunderstandings, and strengthen cooperation. China reiterates that both sides should work together, honor their commitments, and take concrete actions to fulfill the consensus. They should demonstrate the spirit of integrity in upholding commitments and make efforts to jointly safeguard the hard-won outcomes of the dialogue, continue to maintain communication and dialogue, promote the steady and long-term development of China-US economic and trade relations, and inject more certainty and stability into the world economy. The US side stated that the meeting achieved positive outcomes, further stabilizing bilateral economic and trade relations. It will work together with China in accordance with the requirements of the phone call between the two heads of state to jointly implement the consensus reached during this meeting. (CCTV News)
Jun 11, 2025 17:07 - ICE to Launch Cobalt, Spodumene, and Nickel Derivatives in London Later This Year
The Intercontinental Exchange (ICE) is expected to launch derivatives for cobalt, spodumene, and nickel in London later this year, according to ICE executives.
Mar 26, 2025 09:48 
London Loses Leadership as the World's Top Financial CentreLondon has lost its lead as the world's top financial centre, according to the City of London Corporation's annual report published on Thursday.
Mar 30, 2023 14:46
Announcements
Dear Industry Peers, Hello! Electrolytic manganese metal (EMM) is a key raw material for manufacturing products such as stainless steel, specialty alloys, and battery materials. Europe, as a major global hub for stainless steel production, high-end manufacturing, and the new energy industry, is also one of the core consumer markets for EMM. Its price dynamics significantly influence the global market structure and pricing. Based on Rotterdam’s status as Europe’s largest port, which aggregates raw materials from major production regions worldwide and facilitates the circulation of spot cargo within the region, it has developed a mature storage, logistics, and trading network. The prices there accurately reflect the arrival costs in the European market, the supply-demand balance, and regional premiums, providing market participants with a critical benchmark for price reference. To proactively address market shifts, meet the pressing need for price discovery of Rotterdam warehouse electrolytic manganese metal, and enhance market transparency, SMM has decided: Commencing December 23, 2025, SMM will officially launch a new price: SMM Electrolytic Manganese Metal, in-whs Rotterdam, USD/mt Details of this price point are as follows: Description:SMM Electrolytic Manganese Metal, in-whs Rotterdam, USD/mt Quality:Mn99.7% Quantity:Minimum 25 tonnes Definition: In-warehouse Rotterdam,duty-unpaid, customs uncleared Brand Listing:Tianyuan Manganese Industry, CITIC Dameng, Wuling Manganese Industry,etc Timing:1Months Unit:USD/mt Payment Terms:Cash, other payment terms normalized Pulication:Daily, by 11am Beijing Time (i.e., before 4:00 AM London Summer Time before 3:00 AM London Winter Time) SMM Nickel Industry Research Departmen December 16, 2025
PriceDec 16, 2025 16:06Dear User, Hello! In order to promote international trade in the tungsten market, assist global upstream and downstream enterprises in better grasping market dynamics, obtaining timely spot market information, and reducing risks and costs associated with cross-border transactions, while also deepening research on the European tungsten industry chain, we will be adding two new price points starting December 1st for market reference: APT CIF (Rotterdam port) and Ferrotungsten (in-whs Rotterdam) . Price Point: APT CIF (Rotterdam port) Product Description: Ammonium Paratungstate (APT), WO₃ ≥ 88.5%, CIF Port of Rotterdam, Netherlands Product Standard: White, fine, free-flowing crystals. WO₃ 88.5% min, Al 0.001% max, As 0.0005% max, Bi 0.0005% max, Ca 0.001% max, Cd 0.0005% max, Co 0.0005% max, Cr 0.0005% max, Cu 0.0005% max, Fe 0.001% max, K 0.001% max, Mn 0.001% max, Mg 0.001% max, Mo 0.002% max, Na 0.001% max, Ni 0.0005% max, P 0.001% max, Pb 0.0005% max. Pricing Method: USD per metric ton unit (USD/mtu) Minimum Quantity Requirement: ≥ 20 metric tons Release Schedule: Weekly, by 12:00 PM London time on working Thursdays Price Point: Ferrotungsten (in-whs Rotterdam) Product Description: Ferrotungsten FeW ≥ 75%, in-warehouse Rotterdam, Netherlands Product Standard: Lumpy. W 75.00% min, C 0.40% max, S 0.08% max, Mn 0.50% max, As 0.10% max, Sn 0.08% max, P 0.05% max, Si 0.70% max, Cu 0.15% max, Sb 0.05% max. Pricing Method: USD per kilogram of tungsten (USD/kg W) Minimum Quantity Requirement: ≥ 3 metric tons Release Schedule: Weekly, by 12:00 PM London time on working Thursdays SMM Tungsten & Molybdenum Industry Research Team November 25, 2025
PriceNov 25, 2025 17:02Dear Industry Peers, Imported manganese ore is a key raw material for manufacturing products such as silicomanganese alloy and ferromanganese alloy, with high-quality manganese ore being particularly favored by the market. Australian manganese ore is a mainstream and high-frequency oxide ore globally, serving as an important reference standard for global manganese ore pricing, and its price fluctuations directly impact the cost chain of global manganese-based alloys. Tianjin Port and Qinzhou Port are the main unloading ports for imported manganese ore in China. Equipped with complete storage facilities, these two ports feature high single-vessel unloading efficiency and large manganese ore reserve capacity. The formed complementary pattern of "Tianjin in the north and Qinzhou in the south" has enhanced China's bargaining power in global manganese ore trade. Prices at Tianjin Port (north) and Qinzhou Port (south) serve as benchmarks for global manganese ore pricing, which are referenced by both domestic and foreign ore merchants. To actively respond to market changes, meet the urgent demand of users for understanding the prices of Australian Mn42% manganese ore at Tianjin Port and Qinzhou Port, and improve the transparency of market information, SMM has decided: Commencing December 31, 2025, SMM will officially launch two new price: SMM Mn Ore, Australia Block 42%, In-whs-Tianjin Port, Yuan/ton-degree SMM Mn Ore, Australia Block 42%, In-whs-Qinzhou Port, Yuan/ton-degree Details of this price point are as follows: Description: SMM Mn Ore, Australia Block 42%, In-whs-Tianjin Port, Yuan/ton-degree Quality: Mn 42% Quantity: Min 100 tonnes Definition: EX-warehouse-Tianjin Port Brand Listing: South 32,etc Timing: Prompt Unit: Yuan/ton-degree Payment Terms: Cash on same day, other payment terms normalized Pulication: Daily, by 11am Beijing Time (i.e., before 4:00 AM London Summer Time before 3:00 AM London Winter Time) Description: SMM Mn Ore, Australia Block 42%, In-whs-Qinzhou Port, Yuan/ton-degree Quality: Mn 42% Quantity: Min 100 tonnes Definition: EX-warehouse-Qinzhou Port Brand Listing: South 32,etc Timing: Prompt Unit: Yuan/ton-degree Payment Terms: Cash on same day, other payment terms normalized Pulication: Daily, by 11am Beijing Time (i.e., before 4:00 AM London Summer Time before 3:00 AM London Winter Time) SMM Nickel Industry Research Department December 26, 2025
PriceDec 26, 2025 11:19
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