News

Shanghai Metals Market8h
Rising alumina prices drive up aluminum cost; currently, south-west China implements rainy season electricity prices [SMM Analysis]
According to SMM data, the average tax-inclusive full cost of China's aluminum industry in June 2025 was 16,545 yuan/mt, up 1 ...
Shanghai Metals Market4h
Geely Automobile achieves highest semi-annual sales in H1 2025
In June alone, Geely Automobile sold 236,036 passenger vehicles, a 42% year-on-year spike, marking the tenth consecutive month with monthly sales exceeding 200,000 units. NEV sales in June reached 122 ...
Shanghai Metals Market5h
Aluminum ingot inventory sees a slight buildup, with short-term aluminum prices in the doldrums [SMM aluminum futures brief comment]
Today, the most-traded SHFE aluminum 2508 contract opened at 20,565 yuan/mt, with a high of 20,640 yuan/mt, a low of 20,525 yuan/mt, and closed at 20,635 yuan/mt, up 0.22%. Trading volume reached ...
Shanghai Metals Market5h
Copper prices soar, secondary copper rod enterprises suspend purchasing secondary copper raw material [SMM Secondary Copper Daily Review]
Check SMM copper quotes, data, and market analysis 》Subscribe to view historical price trends of SMM metal spot cargo. SMM July 1. At 11:30 today, the futures closing price w ...
Shanghai Metals Market7h
Tangshan's environmental protection-driven production restrictions cause interference; iron ore prices are in the doldrums [SMM Brief Comment]
Recently, there have been frequent reports of production cuts on the demand side. Today, the market has heard news that Tangshan will implement environmental protection-driven production restrictions ...
Shanghai Metals Market6h
Prices remain stagnant, and the market is waiting for new momentum [SMM magnesium ingot spot cargo bulletin]
SMM reported on July 1 that today's magnesium ingot quotes in the Fugu area ranged from 16,150 to 16,250 yuan/mt, remaining unchanged from the previous working day. The China FOB price was quoted at ...
Shanghai Metals Market6h
Refined cobalt became the "leader" in H1, followed by antimony and terbium oxide. Who will shine again in H2? [SMM Special Topic]
Editor's Note: Time flies, and as H1 2025 concludes, the metals market has witnessed volatile performance. To help industry professionals and investors review and anticipate market trends, SMM ...
Shanghai Metals Market7h
US dollar index remains at a low level, while BC copper rises strongly [SMM BC copper commentary]
The SHFE copper 2508 contract closed at 80,640 yuan/mt. If we consider the most-traded BC copper 2508 contract closing at 71,850 yuan/mt, its after-tax price would be approximately 81,191 yuan/mt. The ...
Shanghai Metals Market6h
EVE Energy to invest up to 8.654 billion yuan in building new energy storage battery plant in Malaysia
Shanghai (Gasgoo)- Chinese battery supplier EVE Energy announced on June 27 that its indirect wholly-owned subsidiary, EVE ENERGY STORAGE MALAYSIA SDN.BHD., will invest up to 8.654 billion yuan to ...
Shanghai Metals Market7h
CATL launches CTP 2.0 battery production lines at SERES Super Factory for AITO vehicle manufacturing
This marks CATL's first facility in the city and its first deployment of a factory-in-factory collaborative model, supplying locally manufactured power battery systems for the AITO vehicle lineup.
Shanghai Metals Market5h
Longqi Enterprise lowered its titanium dioxide price quote today [SMM Spot Titanium Cargo Report]
[SMM Spot Titanium Report: Longqi Enterprise Lowers Titanium Dioxide Prices Today] SMM reported on July 1 that today's market quotes for rutile titanium dioxide are 13,000-14,000 yuan/mt, and for ...
Shanghai Metals Market7h
Early July saw an increase in downstream procurement, driving spot premiums higher [SMM spot copper in South China]
Overall, downstream procurement increased at the beginning of July, spot premiums rose, and overall trading activity was better than yesterday.