News

Shanghai Metals Market2h
In April, smelter maintenance and production resumptions occurred simultaneously, leading to a slight decline in silver production
The latest data from SMM indicates that in April 2025, silver production declined slightly by 1% MoM and also decreased ...
Shanghai Metals Market3m
Pan Gongsheng: Ten monetary policy measures, including RRR cuts and interest rate cuts, will be introduced
Through measures such as RRR cuts, the PBOC will increase the supply of medium and long-term liquidity to maintain ample market liquidity. Second, pricing policies. The PBOC will lower policy interest ...
Shanghai Metals Market13m
CNMC Luanshya Accelerates Internationalization of CLM Copper Cathode Brand, Achieving 100% Conformity Rate for Copper Cathode in Q1
This highlights CNLM's outstanding performance in supply chain management, compliant operations, and sustainable development, further enhancing international customers' trust in the CLM copper cathode ...
Shanghai Metals Market1h
Bessent Warns That the US Has Reached the "Warning Line" of Debt, but Still Insists It Will Not Default
Once the US Treasury's so-called "extraordinary measures" or special accounting techniques are exhausted, the US government will face the risk of debt default unless legislators and the President ...
Shanghai Metals Market1h
The Chinese side has agreed to engage with the US side, and He Lifeng will hold talks with Scott Bessent.
A reporter asked: On the morning of May 7, the Ministry of Foreign Affairs announced that Vice Premier He Lifeng would visit Switzerland from May 9 to 12, during which he would hold talks with the US ...
Shanghai Metals Market1h
State Council Information Office Holds Press Conference, Attended by Pan Gongsheng, Li Yunze, and Wu Qing
PBOC Governor Pan Gongsheng, NFRA Director Li Yunze, and CSRC Chairman Wu Qing will attend the press conference. Pan Gongsheng: Since the beginning of this year, money and credit have shown ...
Shanghai Metals Market2h
US dollar index weakens amid tightening supply, copper prices extend gains overnight [[SMM Copper Morning Comment]]
News: Overnight, LME copper opened at $9,435/mt, dipping to a low of $9,431/mt shortly after the opening bell. It then fluctuated upward, reaching a high of $9,563/mt near the close, before pulling ...
Shanghai Metals Market1h
Philippine Nickel Ore Port Arrivals Increase Significantly, Stainless Steel Prices May Continue to Remain Weak [[SMM] Nickel Morning Meeting Summary]
Minutes of the Morning Meeting on May 7】In April, the production of MHP in Indonesia was significantly affected by floods, resulting in a gap between supply and demand and keeping its coefficient firm ...
Shanghai Metals Market2h
Smelter Maintenance and Production Resumptions Coexisted in April, Leading to a Slight Decline in Silver Production [[SMM Analysis]]
According to SMM, in April 2025, silver production recorded a 1% MoM decline and a 0.94% YoY decline. The cumulative SMM 1# silver production for 2025 reached 5,961 mt. According to SMM, in April 2025 ...
Shanghai Metals Market1h
Resonance of favourable macro front in China, no reason to be bearish on copper prices in the short term [[SMM Copper Morning Meeting Summary]]
Resonance of Favourable Domestic Macro Front Leaves No Reason for Bearish Sentiment on Copper Prices in the Short Term】On May 6, spot #1 copper cathode was quoted at a premium of 250-320 yuan/mt ...
Shanghai Metals Market2h
Winning Bid Result for Supports of Phase I of the 500MW PV Integrated Project for Sand Prevention and Control in Dalad Banner Announced
On May 6, the procurement results for the solar panel mounting brackets (Lots I, II, and III) of Phase I of the 500,000 kW PV Integrated Project for Sand Control and Desertification Prevention in ...
Shanghai Metals Market1h
Kazakhstan Plans to Build Ferroalloy Gas Utilization Facilities
According to a report by Eurasian Resources Group (ERG) on April 30, ERG has signed an Engineering, Procurement, and Construction (EPC) contract with China Tianchen Engineering Corporation (TCC) to ...