Shanghai Metals Market

Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays

Approaching the 2026 Chinese New Year, SMM conducted communication and research on the pre-holiday break arrangements of domestic die-casting zinc alloy enterprises. This survey covered 20 enterprises ...
Shanghai Metals Market

[SMM Conference] Secure Chinese New Year Special Offer for GRMI2026 & Navigate Global Green Transition Together

Shanghai Metals Market (SMM) is thrilled to announce that the 2026 (3rd) Global Renewable Metal Industry Summit will be held ...
Shanghai Metals Market

[SMM Analysis] The market experienced panic selling this week, and nickel prices plummeted.

This week, nickel prices experienced a sharp sell-off triggered by a sudden reversal in macro sentiment and high inventory pressure from the fundamentals. At the start of the week, the market came ...
Shanghai Metals Market

A gold and silver reset, not a reversal

Gold and silver have recovered part of their recent losses following one of the sharpest corrections seen in precious metals ...
Shanghai Metals Market

Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY

Approaching the 2026 Chinese New Year break, SMM conducted a series of surveys on the pre-holiday shutdowns among domestic zinc oxide enterprises, covering 20 companies with a combined annual capacity ...
Shanghai Metals Market

Touchi Joins SMM 2026 (3rd) Global Renewable Metals Summit as Dinner Sponsor, Shaping Green Future Together

Shanghai Metals Market (SMM) is delighted to  announce that Touchi International Corp has officially joined our 2026 (3rd) ...
Shanghai Metals Market

The transaction price of Australian alumina was slightly lower than the previous one

On February 5, 2026, 30,000 mt of alumina was transacted overseas at a transaction price of $309/mt FOB Western Australi ...
Shanghai Metals Market

Cost Reduction and Aluminum Prices Surge, Average Profit in Aluminum Industry Exceeds 7,500 yuan/mt in January

Auxiliary material market side, prebaked anode prices dropped in January, while fluoride salt prices rose MoM. In February 2026, both prebaked anode and aluminum fluoride prices are expected to ...
Shanghai Metals Market

Vietnam Approves $2.3B Alumina Expansions in Lam Dong, Boosting Aluminum Chain

SMM Aluminum Express news] Vietnam's Lam Dong Province approved two alumina expansions worth ~US$2.3 billion total—the province's biggest investments ...
Shanghai Metals Market

Stainless Steel Costs Weakened, Profits Narrowed, Raw Material Market Sluggish and Wait-and-See Before the Holiday [SMM Analysis]

T his week, stainless steel spot production costs pulled back in sync, narrowing steel mills' profit margins. Taking 304 cold-rolled products as an example, based on raw material prices on the day, ...
Shanghai Metals Market

Industry Sentiment Remains Strong, Copper Foil Operating Rates Kick Off with a Good Start in January [SMM Analysis]

According to SMM, the operating rate of Chinese copper foil enterprises reached 88.56% in January 2026, up 0.36 percentage points MoM and up 21.44 percentage points ...
Shanghai Metals Market

Supply and demand fundamentals were weak before the holiday, lead prices are expected to remain weak next week [SMM Weekly Lead Market Forecast]

On the LME lead front, precious and non-ferrous metals continued their decline from the previous week. Overseas lead inventory surged by nearly 30,000 mt, pushing LME lead prices lower, with the LME ...