News

Shanghai Metals Market2h
US CPI data unexpectedly falls below expectations, bullish for copper prices [SMM Copper Morning Meeting Summary]
US CPI Data Unexpectedly Falls Below Expectations, Bullish for Copper Prices] On May 13, spot prices of SMM #1 copper cathode ...
Shanghai Metals Market2h
US CPI Falls Below Expectations, US Dollar Declines, Metals Rise Across the Board; LME Copper, LME Zinc, and SHFE Zinc Gain Over 1% [Overnight Market]
Overnight, metals in both domestic and overseas markets generally rose. LME copper, LME zinc, and SHFE zinc all increased by ...
Shanghai Metals Market1h
Macro bullish factors VS off-season consumption, lead prices continue to consolidate at high levels [SMM Morning Lead Meeting Summary]
Macro Factors Bullish vs. Off-Season Consumption, Lead Prices Continue to Consolidate at High Levels] Driven by sustained macro bullish factors, lead prices held up well overnight. This week, ...
Shanghai Metals Market1h
The largest IPO in Hong Kong stock market this year may be coming! CATL Receives 21 Times Oversubscription, Lithium Battery Sector Heats Up
This week, CATL, a leading domestic lithium battery company, launched its Hong Kong IPO, heating up the lithium battery sector.
Shanghai Metals Market2h
US CPI Unexpectedly Cools, US Dollar Index Weakens; LME Copper and SHFE Copper Surge Over 1% in Night Session [SMM Copper Morning Comment]
US CPI Unexpectedly Cools, US Dollar Index Weakens as LME Copper and SHFE Copper Surge Over 1% in Night Session] On the macro side, the US unadjusted CPI year-on-year rate for April unexpectedly fell ...
Shanghai Metals Market1h
Favorable Sino-US Tariff Policies Implemented, Limited Impact of Philippines' Rumored Mining Ban on Nickel Prices [SMM Nickel Morning Meeting Summary]
A spokesperson from the Ministry of Commerce (MOFCOM) made a statement regarding the joint statement on the Sino-US Geneva Economic and Trade Talks. MOFCOM stated that substantial progress was ...
Shanghai Metals Market2h
Overseas transaction prices of bauxite decline; alumina expected to maintain fluctuating trend in short term [SMM Alumina Morning Comment]
Futures Market: Overnight, the most-traded alumina 2509 futures contract opened at 2,841 yuan/mt, reaching a high of 2,898 yuan/mt and a low of 2,804 yuan/mt, before closing at 2,886 yuan/mt, up 46 ...
Shanghai Metals Market1h
Risk appetite rebounds, copper continues to be boosted in the short term [institutional commentary]
Overnight, LME copper prices fluctuated and rose. Macro side, the US Labor Department reported that April CPI increased 2.3% YoY, slightly below the expected and previous 2.4%; core CPI increased 2.8% ...
Shanghai Metals Market2h
After CPI Showed Positive Signs, Trump Called Again: US Fed Should Cut Interest Rate as Soon as Possible
This year, the US Fed has maintained interest rates unchanged, leading Trump to continuously pressure Powell to cut interest rates. Almost after every interest rate decision, non-farm payrolls data ...
Shanghai Metals Market2h
Macro Factors Support Rise in Aluminum Prices; Continuous Monitoring of Terminal Export Changes [SMM Aluminum Morning Meeting Summary]
Macro Factors Support Aluminum Price Increase, Continuous Monitoring of Terminal Export Changes] On the macro front, China's domestic favorable policies remain unchanged, and positive developments in ...
Shanghai Metals Market1h
Zimbabwe Miners Federation Signs Agreement with Tsingshan Dingsen Steel
The Zimbabwe Miners Federation (ZMF) visited the factory of Tsingshan Group's Disco Steel on May 2 and signed a relevant agreement. The agreement streamlines the operational processes and details for ...
Shanghai Metals Market2h
OpenAI Considers Building Data Center in UAE, SHFE Tin Prices Surge and Stabilize [SMM Tin Morning News]
OpenAI considers building data centers in the UAE. SHFE tin prices surge and stabilize. [SMM Tin Morning Brief] Macro: (1) SoftBank: Investment in OpenAI may reach US$20 billion. OpenAI considers ...