SMM April 7 News (Source: SMM): According to SMM, Shandong Humon will conduct an open tender sale of its high-purity tellurium by-products starting from April 7. The official announcement specifies a quantity of 4,000 kg, packaged in iron drums. The delivery method is buyer pickup, with freight borne by the buyer. Buyers must collect the goods by April 23, 2026. The delivery location is Shandong Humon Smelting Co., Ltd. (No. 11 Jinzheng Street, Shuidao Town, Muping District, Yantai City, Shandong Province).

The gold price set a technical signal last week while providing fresh fuel for the debate over its future direction.

From the perspective of Sprott’s experts, gold remains a central strategic building block for investors, even if the precious metal suffers in the short term from the rise in US Treasury yields.

Entering the second half of March, regional divergence in China’s aluminum market became increasingly pronounced, with the divergence between inventory trends and spot price spreads in east China and south China intensifying. On the one hand, the nationwide post-holiday inventory buildup in aluminum gradually approached its end, inventory overhang pressure in east China continued to ease, circulation efficiency steadily improved, the inventory buildup momentum slowed down significantly, and.....

[Guangdong Premiums Rose This Week, Expected to Maintain a Fluctuating Trend Next Week] Guangdong premiums rose 45 yuan/mt WoW this week. As of this Friday, mainstream 0# zinc in Guangdong was quoted at discounts of 20~0 yuan/mt against market quotations, and the Shanghai-Guangdong price spread narrowed.......

[Renewed Environmental Protection Measures in Northern China Slightly Weighed on Galvanizing Operating Rates]: This week, the operating rate of the galvanizing industry was 58.88, down slightly by 0.81 percentage points WoW. Raw material side, zinc prices rebounded this week, downstream pick-up of goods was limited and consumption was mainly from existing stocks, but zinc ingots previously price-fixed by galvanising enterprises arrived one after another, leading to a slight decline in zinc ingot inventory at galvanising enterprises. The lower operating rate was mainly due to the renewed environmental protection measures in some northern regions, which affected operations.