News

Shanghai Metals Market12h
Detailed Customs Data for Copper Foil in April 2025: MOM Decline in Import and Export Volumes [SMM Analysis]
SMM Analysis: According to data from the General Administration of Customs, China's copper foil imports in April 2025 were ...
Shanghai Metals Market11h
As the aftermath of the trade war lingers, the import pattern of secondary copper in China is accelerating its restructuring
The latest data from the General Administration of Customs (GAC) indicates that in April 2025, China's imports of copper ...
Shanghai Metals Market13h
US dollar falls, metals show mixed performance; New York gold, polysilicon rise over 1%, alumina falls over 2% [SMM Daily Review]
In the overseas market, as of 15:03, overseas market base metals generally rose, with only LME copper falling 0.04%. LME lead ...
Shanghai Metals Market11h
High-Grade Nickel Pig Iron Prices Stabilize Amid Supply and Demand Dynamics
This week's average price for SMM 8-12% high-grade nickel pig iron (NPI) reached 947.3 RMB per nickel point (ex-factory, ...
Shanghai Metals Market19h
US dollar weakens, copper prices hold up well [SMM Copper Morning Meeting Summary]
US Dollar Weakens, Copper Prices Hold Up Well] On May 22, spot prices of SMM #1 copper cathode against the 2506 contract for ...
Shanghai Metals Market6h
Faraday Future takes over UAE factory to support production of FF, FX’s models
Shanghai (Gasgoo)- Faraday Future (FF) announced on May 23 that it had held a formal handover ceremony for its first regional facility in Ras Al Khaimah, United Arab Emirates. The facility will ...
Shanghai Metals Market6h
Dongfeng Motor, Huawei deepen strategic partnership to boost smart mobility innovation
Shanghai (Gasgoo)- On May 23, Dongfeng Motor Corporation ("Dongfeng Motor") and Huawei Technologies Co., Ltd. ("Huawei") officially signed a comprehensive strategic cooperation agreement in Wuhan, ...
Shanghai Metals Market6h
DEEPAL S09 SUV hits market, powered by Huawei’s cockpit OS, ADAS
Shanghai (Gasgoo)- On May 22, DEEPAL, a new energy vehicle (NEV) brand under Changan Automobile, officially put the DEEPAL S09, a large-sized SUV positioned as a "smart flagship for families", onto ...
Shanghai Metals Market11h
Next week, pig iron production is still expected to decline, and iron ore prices are under pressure, in the doldrums [SMM Commentary]
DCE iron ore futures were in the doldrums, with the most-traded contract I2509 closing at 727, up 1.24% for the day. Traders sold goods in line with market conditions. As the weekend approached, steel ...
Shanghai Metals Market12h
The market transaction price has risen, and the short-term price may rise for recovery [NPI Daily Review]
[SMM Daily Review: Market Transaction Prices Rise, Short-Term Prices May Recover Upward] On May 23, the average price of SMM 8-12% high-grade NPI was 951 yuan/mtu (ex-factory, tax included), up 2 yuan ...
Shanghai Metals Market13h
Xiaomi EV launches first SUV model 'YU7'
Shanghai (Gasgoo)- On May 22, 2025, Xiaomi EV officially unveiled its first SUV model, the YU7—Chinese name "御7"—positioned as a luxury high-performance SUV. The new vehicle is set to go on sale in ...
Shanghai Metals Market9h
Fearless of Trade War! Deputy Governor of Australia's Central Bank: Australian Enterprises Optimistic About Export Prospects to China
For instance, the steel and iron ore sectors are Australia's largest export industries to China. Hauser found that companies in these sectors believed that, in the short term, Australia's scale and ...