SMM launches the "SMM China Titanium Dioxide Price Index" to provide a transparent pricing reference and reflect market trends, effective from March 20, 2026.

SMM officially released SMM: Sulfuric Acid Demand: Total: Annual data, with China as the data region.

SMM has now officially launched the new SMM: Supply-Demand Balance of Nickel Matte: Monthly data point based on extensive market surveys.

SMM will launch two new price points for Indonesia 316L stainless steel, "Indonesia 316L/NO.1 Coil Mill Edge" and "Indonesia 316L/2B Coil Mill Edge," effective March 13, 2026.

SMM will delist 14 price points for various steel types from specific mills effective April 1, 2026, due to prolonged stockouts. Clients should adjust their price usage to avoid business disruptions.

LFP Prices

Effective March 17, 2026, SMM will officially launch the following two new price points: "SMM Battery-Grade Lithium Carbonate (CIF South Korea)" and "SMM Battery-Grade Lithium Hydroxide (CIF South Kor

Dear Users, To fully cover price information across all links of the molybdenum industry chain, facilitate upstream and downstream enterprises in grasping market changes, and reduce transaction risks, after thorough market research and industry communication, we hereby decide to add 7 molybdenum industry chain-related price indicators, including molybdenum concentrate (25%-40%), molybdenum oxide (57%) CIF Tianjin Port, waste molybdenum scrap, and waste molybdenum cutting wire. The newly added price indicators are as follows: Molybdenum concentrate 40%-45%: Complies with industry standard YS/T 235-2016, with a molybdenum content of 40%-45%. Unit: RMB/ton-degree (tax-inclusive). Molybdenum Concentrate 35%-40% : Complies with industry standard YS/T 235-2016, with a molybdenum content of 35%-40%. Unit: RMB/ton-degree (tax-inclusive). Molybdenum Concentrate 30%-35%: Complies with industry standard YS/T 235-2016, with a molybdenum content of 30%-35%. Unit: RMB/ton-degree (tax-inclusive). Molybdenum Concentrate 25%-30% : Complies with industry standard YS/T 235-2016, with a molybdenum content of 25%-30%. Unit: RMB/ton-degree (tax-inclusive). Note: The above 4 molybdenum concentrate price indicators are all tax-inclusive. Molybdenum Oxide (57% Mo) CIF Tianjin Port: Complies with national standard YB/T 5129-2012, with Mo ≥ 57%. Unit: USD/pound molybdenum (tax-exclusive). Waste Molybdenum Scrap: Complies with national standard GB/T 27687-2011, with Mo ≥ 99.95%, clean and free of impurities. Unit: RMB/kilogram (tax-exclusive). Waste Molybdenum Cutting Wire: Complies with national standard GB/T 27687-2011, with Mo ≥ 99.95%, clean and free of impurities. Unit: RMB/kilogram (tax-exclusive). Note: The above 3 price indicators are all tax-exclusive. Effective Date: The newly added price indicators will be officially released on December 1, 2025, and updated around 11:30 AM every working day. This addition aims to achieve more refined regional and grade classification. All new price indicators are formulated based on mainstream industry transaction specifications and trade terms, verified through standard sampling and verification processes, and are for market reference only, not constituting trading decision advice. For information on price formation methodology and detailed product specifications, please log on to the official platform. If you have any questions, please contact Li Jiahui from SMM Tungsten & Molybdenum Research Team at +86-21-51666882. SMM Tungsten & Molybdenum Industry Research TeamDecember 5, 2025

Discontinuation of Iron Ore Data Points in the SMM Database

Dear 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