According to the latest release from the General Administration of Customs, SMM statistics showed that China’s total manganese ore imports in February 2026 were 2.3064 million mt, down 33.00% MoM and up 3.24% YoY. Cumulative imports in January-February were 5.749 million mt, up 46.29% YoY from the same period last year. February imports from Australia were 413,100 mt, down 31.35% MoM; South Africa 990,400 mt, down 49.55% MoM; Gabon 375,100 mt, up 13.01% MoM; Ghana 270,400 mt, up 1.78% MoM; Brazil 99,700 mt, down 17.87% MoM; and Myanmar 49,900 mt, up 14.8% MoM.

According to the latest release from the General Administration of Customs, SMM statistics showed that China’s SiMn exports were 2,539.52 mt in January 2026, down 50.55% MoM and down 31.84% YoY. China’s SiMn imports were 0 mt in January 2026, down 100% MoM and down 100% YoY. By import and export regional structure, SiMn exports were mainly destined for Indonesia.

According to the latest release from the General Administration of Customs, SMM statistics showed that China’s total manganese ore imports were 3.4426 million mt in January 2026, up 5.14% MoM and up 102.98% YoY. January imports by origin were Australia (601,700 mt, up 3.93% MoM), South Africa (1.963 million mt, up 12.1% MoM), Gabon (331,900 mt, down 11.61% MoM), Ghana (265,700 mt, down 21.39% MoM), Brazil (121,400 mt, up 80.69% MoM), and Myanmar (43,500 mt, down 4.56% MoM).

By late March, the consumption driven by dealers' customary post-holiday restocking in the lead-acid battery market had been largely released. Meanwhile, end-use consumption in the e-bike and automotive battery markets was generally mediocre, especially as the impact of the new national standard for e-bikes disrupted supporting orders for new vehicles, and some lead-acid battery enterprises only maintained production based on sales. Lead prices fell this week. In the initial stage, downstream enterprises restocked at lower prices based on demand, but after lead prices fell again in the second half of the week, some enterprises became more cautious in procuring raw lead materials.

[SMM Titanium Weekly Review: Cost-Driven Titanium Dioxide Price Hikes Took Effect, Market Adjustments Released Upward Signals] This week, the titanium industry chain showed a divergent trend. The titanium concentrate market remained in the doldrums, with imported ore prices falling लगातार under pressure from downstream efforts to push for lower prices and accumulating port inventory. Titanium dioxide, meanwhile, saw the second round of collective price adjustments in mid-month under persistently high sulphuric acid costs. Mainstream enterprises in China raised domestic prices by 500 yuan/mt and export prices by $100/mt, pushing the quoted center up to 14,000-14,500 yuan/mt, though follow-up from domestic demand remained mediocre and foreign trade orders showed clear divergence. The titanium slag market stayed in the doldrums, with prices under pressure amid weak costs and demand. In the titanium sponge market, leading enterprises took the lead in raising prices, with domestic prices up 2,000 yuan/mt and international prices up $300/mt. Supported by restocking demand for titanium materials and low inventory, the market showed a strong willingness to hold prices firm, but downstream processing segments still maintained a wait-and-see stance, and titanium ingot and titanium plate/strip prices only edged up slightly. Overall, cost support and structural demand divergence coexisted, and future price trends still depended on substantive improvement on the supply and demand side.

According to customs data, China’s bismuth trioxide exports were 753.74 mt in February 2026, versus 677.56 mt in January 2026, continuing to increase MoM. Looking at the overall change in exports, since September 2025, China’s bismuth oxide exports had risen almost every month, indicating that bismuth oxide enterprises still had strong export willingness and demand outside China was also increasing significantly. Market participants believed that although February was affected by the relatively long Chinese New Year holiday, exports still continued to rise, so there was a strong likelihood that China’s bismuth trioxide exports would continue to increase in March.

Data released by the online customs statistics query platform showed that China’s refined tin imports were 1,101.12 mt in January 2026, down 28.86% MoM and down 52.82% YoY. Indonesia was the largest origin, with refined tin imports from Indonesia at 613.8 mt that month, down 3.53% MoM and down 66.36% YoY. Russia was the second-largest origin, with refined tin imports from Russia at 158.06 mt that month, up 691.52% MoM. Below is a breakdown of China’s refined tin imports in January 2026 compiled based on data from the official website of the General Administration of Customs: Source: General Administration of Customs Note: 1. Refined tin includes unwrought non-alloy tin (refined tin). 2. The total imports (total) also include data for certain origins not listed in the table above. (Wenhua Composite)

Data released by the online query platform for customs statistics showed that China imported 2,310,344.42 mt of copper ore and concentrates in February 2026, down 11.93% MoM and up 5.96% YoY. Chile was the largest origin, with imports of copper ore and concentrates from Chile totaling 747,321.72 mt in the month, down 4.27% MoM and down 1.33% YoY. Peru was the second-largest origin, with imports of copper ore and concentrates from Peru totaling 489,372.44 mt in the month, down 28.31% MoM and down 20.67% YoY. Below is a breakdown of China’s imports of copper ore and concentrates in February 2026, compiled based on data from the official website of the General Administration of Customs of China: Source: General Administration of Customs Note: The total import/export volume (grand total) also includes partial origin data not listed in the table above (Wenhua Composite)

Delaware Depository, a COMEX/NYMEX Depository for the storage and delivery of gold, gold (enhanced delivery), silver, platinum, and palladium deliverable against the Exchange’s respective futures contracts, will implement new rates in connection with Storage of Gold, Gold (Enhanced Delivery), and Silver at its facilities located in Delaware. The new rates reflect the maximum amounts of fees that can be charged and will be effective July 1, 2026.

Data released by the online query platform of customs statistics showed that China’s imports of copper ore and its concentrates in January 2026 were 2,623,162.74 mt, down 3.00% MoM and up 4.02% YoY. Chile was the largest origin, with China importing 780,640.92 mt of copper ore and its concentrates from Chile that month, down 21.10% MoM and down 7.54% YoY. Peru was the second-largest origin, with China importing 682,585.86 mt of copper ore and its concentrates from Peru that month, up 26.59% MoM and up 2.90% YoY. Below is a breakdown of China’s imports of copper ore and its concentrates in January 2026, compiled based on data from the official website of the General Administration of Customs of China: Source: General Administration of Customs Note: The total import/export volume (total) also includes data for some origins not listed in the table above (Wenhua Composite)