News

Shanghai Metals Market7m
The US copper scrap market is shifting to the LME pricing model
Participants in the US copper scrap market have indicated that they are seeking to use the London Metal Exchange (LME) rather than COMEX copper contracts as the benchmark price for calculating ...
Shanghai Metals Market56m
US CPI rises significantly, exceeding expectations; overnight copper prices stop falling and stabilize [SMM Copper Morning Meeting Summary]
Overnight, LME copper opened at $9,635.5/mt, fluctuated downward in the early session to a low of $9,598/mt, then fluctuated upward throughout the session, reaching a high of $9,657.5/mt near the ...
Shanghai Metals Market59m
The total registered volume of alumina warrants increased slightly, and the window for cash-and-carry arbitrage remained open [SMM Alumina Morning Comment]
Futures Market: Overnight, the most-traded alumina 2509 futures contract opened at 3,175 yuan/mt, with a high of 3,187 yuan/mt, a low of 3,141 yuan/mt, and closed at 3,144 yuan/mt, down 16 yuan/mt or ...
Shanghai Metals Market32m
Trump’s 50% Copper Tariff Impact on Global Markets in 2025
Since February 2025, when Trump first suggested the possibility of copper tariffs, global traders have rushed record volumes ...
Shanghai Metals Market53m
The procurement demand of precursor plants may be tight, and nickel salt prices are expected to rebound [SMM Nickel Morning Meeting Summary]
Meeting Minutes on July 16] SMM reported on July 15 that the SS futures market showed a weak fluctuating trend during the day, influenced by the decline in SHFE nickel. In the spot market, driven by ...