Shanghai Metals Market

[SMM Steel] India targets 25% emissions cut and capacity expansion under new policy

SMM Steel] India is drafting the National Steel Policy 2025, aiming to reduce steel sector emissions by about 25% and expand crude steel capacity to ...
Shanghai Metals Market

[SMM Steel] European carbon prices hold above €70/t amid ETS reforms and CBAM signals

SMM Steel] European carbon allowance futures remained above €70/t in early April, reaching €74.6/t on April 1 following European Commission proposals ...
Shanghai Metals Market

APT CIF Rotterdam Rises to $3,185/mtu Amid Strong Demand and Tight Supply; European Scrap Prices Decline

SMM Tungsten Express] As of April 9, SMM data shows APT CIF Rotterdam at $3,150-3,220/mtu, averaging $3,185/mtu, up $35 from last week. Demand remain ...
Shanghai Metals Market

[SMM Steel] India’s FY2025-26 crude steel output rises, exports surge while imports fall

SMM Steel] India crude steel output reached 168.4 million mt in FY2025-26, up 10.7% YoY. Finished steel exports increased 35.9% YoY to 6.6 million mt ...
Shanghai Metals Market

SMM April 9 EV Battery Market Summary [SMM Evening News]

Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for ...
Shanghai Metals Market

Breakthrough in Wafer-Scale Growth of 2D Semiconductors Aids Post-Moore Chip Tech

Recently, a joint research team from the National University of Defense Technology and the Institute of Metal Research, Chinese Academy of Sciences, a ...
Shanghai Metals Market

Luoping Zinc & Electricity Clarifies Jinpo Mine Capacity, Awaits Annual Report for Production Details

Lead-Zinc Miner Updates] Yesterday, Luoping Zinc & Electricity (002114) responded to investor questions on its interactive platform, stating that the ...
Shanghai Metals Market

Jinchenxin Secures Contract for 600,000 t/a Youre Lead-Zinc Mine Project in Baiyu County

Lead-Zinc Miner Enterprise Updates] Today, Jinchenxin (603979.SH) announced that the company had undertaken the 600,000 t/a mining engineering constr ...
Shanghai Metals Market

MMi Daily Iron Ore Report (April 9)

The overall trend for iron ore futures was weak today, with the main contract I2609 closing at 750 RMB/ton, down 2.53% from the previous session. Spot prices fell 7-12 RMB/ton, with traders showing ge ...
Shanghai Metals Market

BC Copper Fluctuated and Closed Up 0.67% as Geopolitical Disruptions Combined with Weakening US Dollar Index [SMM BC Copper Commentary]

Today, the most-traded BC copper contract 2605 opened at 87,270 yuan/mt, initially experiencing wild swings to touch a high of 87,360 yuan/mt before maintaining wide fluctuations. After the daytime ...
Shanghai Metals Market

SHFE Cast Aluminum Alloy Warrants Drop to 30,493 mt on April 9, Down 569 mt From Previous Day

SMM Update] SHFE data showed that on April 9, the total registered cast aluminum alloy warrants stood at 30,493 mt, a decrease of 569 mt from the pre ...
Shanghai Metals Market

Negotiations Made Progress; Middle East Situation Remained Volatile, Iron Ore Prices Under Further Pressure [SMM Imported Ore Daily Brief]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal ...