News

Shanghai Metals Market17h
Detailed Customs Data for Copper Foil in April 2025: MOM Decline in Import and Export Volumes [SMM Analysis]
SMM Analysis: According to data from the General Administration of Customs, China's copper foil imports in April 2025 were ...
Shanghai Metals Market17h
As the aftermath of the trade war lingers, the import pattern of secondary copper in China is accelerating its restructuring
The latest data from the General Administration of Customs (GAC) indicates that in April 2025, China's imports of copper ...
Shanghai Metals Market18h
US dollar falls, metals show mixed performance; New York gold, polysilicon rise over 1%, alumina falls over 2% [SMM Daily Review]
In the overseas market, as of 15:03, overseas market base metals generally rose, with only LME copper falling 0.04%. LME lead ...
Shanghai Metals Market17h
High-Grade Nickel Pig Iron Prices Stabilize Amid Supply and Demand Dynamics
This week's average price for SMM 8-12% high-grade nickel pig iron (NPI) reached 947.3 RMB per nickel point (ex-factory, ...
Shanghai Metals Market12h
Faraday Future takes over UAE factory to support production of FF, FX’s models
Shanghai (Gasgoo)- Faraday Future (FF) announced on May 23 that it had held a formal handover ceremony for its first regional facility in Ras Al Khaimah, United Arab Emirates. The facility will ...
Shanghai Metals Market12h
Dongfeng Motor, Huawei deepen strategic partnership to boost smart mobility innovation
Shanghai (Gasgoo)- On May 23, Dongfeng Motor Corporation ("Dongfeng Motor") and Huawei Technologies Co., Ltd. ("Huawei") officially signed a comprehensive strategic cooperation agreement in Wuhan, ...
Shanghai Metals Market15h
Die-casting zinc alloy exports in April hit a new decade-high! How will subsequent exports develop?
In terms of export destinations, the top three countries and regions for China's unwrought zinc alloy exports in April were Taiwan, China (1,085.55 mt), Vietnam (154.62 mt), and Bangladesh (30.85 mt), ...
Shanghai Metals Market17h
Next week, pig iron production is still expected to decline, and iron ore prices are under pressure, in the doldrums [SMM Commentary]
DCE iron ore futures were in the doldrums, with the most-traded contract I2509 closing at 727, up 1.24% for the day. Traders sold goods in line with market conditions. As the weekend approached, steel ...
Shanghai Metals Market14h
Fearless of Trade War! Deputy Governor of Australia's Central Bank: Australian Enterprises Optimistic About Export Prospects to China
For instance, the steel and iron ore sectors are Australia's largest export industries to China. Hauser found that companies in these sectors believed that, in the short term, Australia's scale and ...
Shanghai Metals Market17h
The market transaction price has risen, and the short-term price may rise for recovery [NPI Daily Review]
[SMM Daily Review: Market Transaction Prices Rise, Short-Term Prices May Recover Upward] On May 23, the average price of SMM 8-12% high-grade NPI was 951 yuan/mtu (ex-factory, tax included), up 2 yuan ...
Shanghai Metals Market14h
Tariff Clouds Continue to Loom! Goldman Sachs: US Dollar Exchange Rate to Continue Declining This Year
As foreign investors reassess their risk exposures in a changing macro and policy environment, the strength of the US dollar is expected to gradually diminish. Goldman Sachs predicts that the US ...
Shanghai Metals Market12h
DEEPAL S09 SUV hits market, powered by Huawei’s cockpit OS, ADAS
Shanghai (Gasgoo)- On May 22, DEEPAL, a new energy vehicle (NEV) brand under Changan Automobile, officially put the DEEPAL S09, a large-sized SUV positioned as a "smart flagship for families", onto ...