Metal

National mainstream copper inventories have accumulated for six consecutive weeks [SMM weekly data]

Data Brief: As of Thursday, January 8, SMM's national mainstream copper inventories increased 6.29% WoW, marking the sixth consecutive week of inventory buildup. Total inventory grew by 168,100 mt YoY ...
Metal

Silver Prices Retreat from Highs, Downstream Industries Stockpile on Rigid Demand, Spot Premiums Gradually Return [SMM Daily Review]

During the day, silver prices experienced a slight correction, and the tight supply of spot cargo in the spot market gradually eased. In the Shanghai area, suppliers' large-factory silver ingot ...
Metal

SHFE Zinc Continues to Rise, Focus on Tonight's US ADP Employment Data [SMM Zinc Futures Brief Review]

[SHFE Zinc Continues to Rise, Focus on Tonight’s US ADP Employment Data] The most-traded SHFE zinc 2602 contract opened at 24,395 yuan/mt. After opening, bulls reduced their positions, pushing the ...
Metal

[Nickel Sulphate Daily Review] January 7 Nickel Prices Drive Up Cost Expectations, Nickel Salt Prices Rise Significantly

On January 7, the SMM battery-grade nickel sulphate index price was 29,810 yuan/mt, with the quotation range for battery-grade nickel sulphate at 29,500–31,000 yuan/mt, and the average price increased ...
Metal

Silver Prices Hold Up Well, Investment Demand Weakens, Spot Premiums Slightly Decline [SMM Daily Review]

Silver prices held up well during the day, and the tight supply of spot cargo in the spot market eased slightly today. In Shanghai, suppliers lowered the premium of large-factory silver ingots against ...
Metal

Baiyin Nonferrous Group Co., Ltd. publicly tendered for 100 mt of crude cadmium on the 7th [SMM report]

SMM reported on January 7: According to SMM, Baiyin Nonferrous Group Co., Ltd.'s Northwest Lead-Zinc Smelter launched a public tender to sell 100 mt of crude cadmium. Official information indicated ...
Metal

Inventories and Copper Prices Both Hit Record Highs, Downstream Sectors Return to Inertia [SMM Spot Copper in South China]

Today, spot prices of #1 copper cathode in Guangdong against the front-month contract were at a discount of 20 yuan/mt to a premium of 50 yuan/mt, with the average premium at 15 yuan/mt, down 25 ...
Metal

Silver Prices End Volatile Adjustment and Rise Again, Spot Market Premiums Remain High with Difficulties in Pullbacks [SMM Daily Review]

Silver prices rose slightly today, with spot market supply remaining relatively tight, as many shipments under long-term contracts have not yet arrived at social warehouses. In Shanghai, suppliers' ...
Metal

Project Updates on the Brafouédégo Gold Mine in the Republic of Côte d'Ivoire and Other Projects

African Gold announced that drilling more than 150 meters beyond the resource boundary of the Blaffo Guetto gold deposit in the Republic of Côte d'Ivoire intersected gold mineralization. Drilling ...
Metal

Overseas Lead Inventory Drawdown, LME Lead Rises to a One-and-a-Half-Month High [SMM Lead Morning Briefing]

[SMM Lead Morning Brief: Overseas Lead Inventory Drawdown, LME Lead Rises to One-and-a-Half-Month High] SMM Jan. 6: Overnight, LME lead opened at $2,008/mt, and after opening, it held up well, coupled ...
Metal

Secondary Lead: Overall Willingness to Sell Secondary Refined Lead Is Low, Downstream Spot Orders Lean Toward the Primary Market [SMM Lead Midday Review]

The SMM #1 lead average price today increased by 125 yuan/mt from yesterday to 17,350 yuan/mt. The mainstream tax-included ex-works quotations for refined lead spot orders were at discounts of 150-0 ...
Metal

Copper inventories in major regions across China continued to accumulate after the New Year's Day holiday [SMM weekly data].

Data Review: As of Monday, January 5, SMM's national mainstream copper inventories increased 7.83% WoW and rose 151,900 mt YoY. All regions except Shanghai continued inventory buildup this week.