Shanghai Metals Market

[SMM Analysis] Ternary Cathode Material Exports Remain High in Early 2026

It is worth noting that the overall overseas ternary cathode demand outlook for 2026 remains subdued. The U.S. market has ...
Shanghai Metals Market

China’s Home Appliance Production and Exports, January-February 2026

From January to February 2026, China's air conditioner production reached 40.118 million units, up 0.7% YoY. From January to ...
Shanghai Metals Market

Pr-Nd Alloy Hits 2-Year Profit High as Raw Material Costs Decline

As of this week, the weekly net profit of Pr-Nd alloy reached 36,812.4 yuan, with a net margin of 4.1%. Compared with last week, net profit increased 134%, setting a new profit high for the past ...
Shanghai Metals Market

Latest exploration progress of Renascor Resources across multiple projects in South Australia

Renascor Resources Drilling at Bulloo Creek intersected cobalt and copper mineralisation associated with magnetic anomalies, delivering several interv ...
Shanghai Metals Market

【SMM Analysis】Pr-Nd Alloy Hits 2-Year Profit High as Raw Material Costs Decline

SMM Analysis】As of this week, the weekly net profit of Pr-Nd alloy reached 36,812.4 yuan, with a net margin of 4.1%. Compared with last week, net profit increased 134%, setting a new profit high for ...
Shanghai Metals Market

[SMM Analysis] The Return of the Philippine Mining Season Faces Freight Cost Pressure, While Indonesian Supply Is Constrained by the Progress of RKAB Approvals

Mining Season Began, with NPI Prices Losing Upward Momentum and Freight Pressure Coexisting Philippine nickel ore prices were flat this week. In terms of prices, Philippine nickel ore CIF China ...
Shanghai Metals Market

As the Traditional Consumption Off-Season Approached, Lead-Acid Battery Enterprises Mostly Produced Based on Sales [SMM Weekly Operating Rate Comment on Lead-Acid Batteries]

It was learned that the SMM weekly composite operating rate of lead-acid battery enterprises in five provinces was 73.92% from March 13 to March 19, 2026, up 0.46 percentage points WoW from the ...
Shanghai Metals Market

Macro and Fundamentals Remain in a Stalemate, Focus on Signals of a Lead Price Bottoming Next Week [SMM Weekly Lead Market Forecast]

Next week, there will be limited macroeconomic data releases, mainly including the final March University of Michigan Consumer Sentiment Index for the US and the final March one-year inflation ...
Shanghai Metals Market

Off-Season Demand Coupled With the Chinese New Year Effect Led to a Significant Decline in China's SiMn Exports in January [SMM Analysis]

According to the latest release from the General Administration of Customs, SMM statistics showed that China’s SiMn exports were 2,539.52 mt in January 2026, down 50.55% MoM and down 31.84% YoY. China ...
Shanghai Metals Market

Imported Lead Concentrate Supply Eased after Chinese New Year, Cumulative Imports in 2026 up 14% YoY

According to customs data, lead concentrate imports in February 2026 were 124,580 mt in physical content, up 3.8% MoM and up 26.4% YoY; cumulative imports in January-February reached 252,241 mt in ...
Shanghai Metals Market

SiMn Exports Pulled Back MoM in February, While Imports Remained at Zero [SMM Analysis]

According to the latest release from the General Administration of Customs, SMM statistics showed that China’s SiMn exports were 1,965.37 mt in February 2026, down 22.61% MoM. Cumulative exports in ...
Shanghai Metals Market

Ferrous Metals Expected to Continue Holding Up Well Amid the Middle East Conflict and Long-Term Contract Negotiations [SMM Steel Industry Chain Weekly Report]

This week, ferrous metals fluctuated at highs, with raw material ore and coking products outperforming steel. Against the backdrop of the escalating conflict in the Middle East, ore and coking ...