[SMM Analysis] China Accelerates the Construction of a Peripheral Copper Resource Supply Belt

The zinc import price ratio continued to deteriorate in February, with further downside pressure in the outlook

The SHFE/LME zinc price ratio pulled back to around 7.1 and fluctuated [SMM Weekly Review of SHFE/LME Zinc Price Ratio]

Silver Market Price Review and Expectations Brief Commentary (February 12, 2026) [SMM Silver Market Weekly Review]

[SMM Analysis] Nickel Prices Swing as Indonesian Targets and Market Sentiment Drive Volatility