[SMM Tin Midday Review: Center of the Most-Traded SHFE Tin Contract Moved Lower, Trading Was Slightly Sluggish Amid Structural Divergence in End-Use Demand]

[SMM Tin Morning Briefing: The Most-Traded SHFE Tin Contract Opened Sharply Lower in the Night Session and Remained Rangebound at Low Levels, While Trading in the Spot Market Was Relatively Mediocre]

According to reports, Samsung Electronics is working with NVIDIA to accelerate the development of next-generation NAND flash memory chips. A joint research team comprising the Samsung Semiconductor Research Institute, NVIDIA, and the Georgia Institute of Technology has successfully developed a "physics-informed neural operator" model. This model analyzes the performance of ferroelectric-based NAND devices more than 10,000 times faster than existing models, and the related results have been made public. Based on these research findings, Samsung is collaborating with NVIDIA to develop and commercialize ferroelectric NAND flash memory.

[SMM Tin Midday Commentary: Bullish and Bearish Factors Intertwine, and the Dilemma of Fluctuating Between Gains and Losses in Shanghai Tin Continues]

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Rebounded with Volatility After Opening Sharply Lower in the Night Session, While Downstream Enterprises Remained Cautious in Their Purchases]

Meta on Wednesday unveiled four in-house chips customized specifically for artificial intelligence-related tasks, as part of the company's large-scale data center expansion plan. The first new chip, MTIA 300, was deployed several weeks ago and is intended to help train relatively small artificial intelligence models that support Meta's core ranking and recommendation tasks. The upcoming MTIA 400, MTIA 450, and MTIA 500 chips are intended to handle more advanced inference tasks related to generative artificial intelligence, such as generating images and videos based on users' text prompts.

[SMM Tin Midday Commentary: SHFE Tin Contract Fluctuated Near 390,000, Traditional Consumption Season Performed Slightly Below Expectations]

[SMM Tin Morning News: The Most-Traded SHFE Tin Contract Maintained a Fluctuating Trend Around the 400,000 Mark in the Night Session, with Downstream Enterprises Mostly Digesting Inventories for Operations]

SMM News, March 13: This week, mainstream tax-inclusive ex-factory prices for secondary lead were at parity against the SMM #1 lead average price, with discounts of 50-100 yuan/mt in some areas; dragged down by scrap battery prices and weak downstream consumption, the industry remained loss-making, and most smelters held prices firm and were reluctant to sell. As of March 13, 2026, the theoretical comprehensive profit and loss for large-scale enterprises was -422 yuan/mt, and that for small and medium-sized enterprises was -633 yuan/mt (the model’s by-product revenue did not include tin or antimony). With delivery to be completed and rigid demand expected to recover next week, SMM expected discounts for secondary lead to narrow slightly. Overall, losses across China’s secondary lead industry remained unchanged and production resumptions were slow. Given the availability of primary lead and imported lead cargoes, premiums for spot orders of secondary refined lead were likely to maintain sideways movement, making substantial premiums difficult to emerge. > Subscribe to View Historical SMM Metal Spot Prices

SMM News, Mar 13: This week, the recycling volume of waste lead-acid battery recyclers rebounded significantly WoW, with the recycling volume of some recyclers rising 40% from the initial stage of work resumption. However, affected by downstream consumption not yet having fully recovered and a relatively low volume of retired scrap battery, some enterprises still saw recycling volume that had not returned to pre-holiday levels. As secondary lead smelters resumed work at a relatively slow pace and demand for scrap battery had not yet surged, SMM expected the purchase prices of waste lead-acid battery to stabilize next week. Domestic secondary crude lead smelters posted a poor operating rate, with some enterprises suspending production due to environmental protection-related controls. Suppliers held firm offers, and the current mainstream ex-factory prices excluding tax stood at 15,250-15,400 yuan/mt. If containing some antimony and tin metals, ex-factory offers were at least 15,500 yuan/mt. At present, imported lead supply was ample, and suppliers had relatively weak bargaining power, giving downstream enterprises near ports a greater advantage in purchases. SMM expected domestic secondary crude lead supply to remain tight in the short term, with imports serving as the main supplement. » Subscribe to View Historical SMM Metal Spot Prices