SMM, October 27: According to SMM, Baiyin Nonferrous Group has initiated a public tender for the sale of 100 metric tons of crude cadmium. Official sources specify that the bidding will start at a base price with a discount of 500 yuan per metric ton, and the highest bid will win. The auction requires at least three registered participants to proceed. The registration deadline is 17:00 on October 29, 2025, and the bidding will begin at 15:00 on October 30, 2025. Market participants indicate that due to recent fluctuations in cadmium prices, this tender is particularly noteworthy as it could, to some extent, reflect the strength of market demand.

[SMM Analysis] According to data from the General Administration of Customs, China imported a total of 3.7388 million mt of copper cathode in 2024, up 6.49% YoY. Among them, December imports were 370,400 mt (up 2.93% MoM, up 18.88% YoY). In 2024, China exported a total of 457,500 mt of copper cathode, up 63.86% YoY. Among them, December exports were 16,700 mt (up 44.06% MoM, up 55.61% YoY).

Overnight, LME copper opened at $9,531.5/mt, initially rising to an intraday high of $9,580/mt before declining throughout the session, touching a low of $9,493.5/mt near the close, and finally settling at $9,547/mt, down 0.13%.

SMM, Oct 30: Driven by multiple policies this year, the demand for silver in the electrical alloy industry has increased compared to last year, with a noticeable improvement in order volume.

Overnight, LME copper opened at $9,589.5/mt, initially reaching a high of $9,601/mt. It then fluctuated downward, hitting a low of $9,496/mt during the session.

SMM, October 25: Yesterday, the closing price of the most-traded SHFE tin contract was 254,160 yuan/mt, down 530 yuan/mt, a decrease of 0.21%, with the highest at 255,900 yuan/mt and the lowest at 253,040 yuan/mt.

[SMM Weekly Overhaul Statistics] According to SMM statistics, this week (October 19th to October 25th), the impact of iron production caused by blast furnace overhaul is...

SMM, Oct. 10: On September 25, SAIC-GM announced via its official WeChat account that it has launched the industry's first 6C ultra-fast charging LFP battery in collaboration with CATL, capable of increasing range by over 200 kilometers with just a 5-minute charge.

LME copper opened at $9,948.5/mt overnight, initially fluctuating rangebound before declining to a low of $9,945/mt.

Overnight, the most-traded SHFE aluminum 2411 contract opened at 20,295 yuan/mt, reaching a high of 20,345 yuan/mt and a low of 20,225 yuan/mt, closing at 20,315 yuan/mt, up 165 yuan/mt, a rise of 0.81%.