News

Shanghai Metals Market2m
LME zinc continues to weaken, with attention on macro guidance [SMM Zinc Morning Meeting Summary]
LME Zinc Continues to Weaken, Focus on Macro Guidance]: Overnight, LME zinc opened at $2,701/mt. After opening, LME zinc rose to a high of $2,710.5/mt, then fluctuated downward. It approached the ...
Shanghai Metals Market2m
Supply-side pressure persists, with SHFE zinc in the doldrums [SMM Zinc Morning Comment]
Supply-Side Pressure Persists, SHFE Zinc in the Doldrums] Overnight, LME zinc opened at $2,701/mt. After opening, LME zinc rose to a high of $2,710.5/mt, then fluctuated downward. It approached the ...
Shanghai Metals Market3m
A PV state-owned enterprise applies for bankruptcy liquidation of nine of its subsidiaries!
SOLARBE learned from the National Enterprise Bankruptcy Reorganization Case Information Network that the administrator of Dongying PV Solar Energy Co., Ltd. had applied to the Dongying Intermediate ...
Shanghai Metals Market9m
586 MW! This PV company secured a major order for modules in the US
Recently, Waaree Solar, the US subsidiary of Indian PV enterprise Waaree Energies, announced that it had signed a supply agreement worth $176 million (approximately INR 15 billion) with an independent ...
Shanghai Metals Market12m
The night session closed higher amid volatility, with attention on guidance from non-farm payrolls data [SMM Copper Morning Comment]
Overnight, LME copper opened at $9,754.5/mt, initially fluctuated upward and peaked at $9,809.5/mt, before fluctuating downward. It touched a low of $9,702.5/mt near the close and eventually closed at ...
Shanghai Metals Market13h
Stainless Steel Market Remains Sluggish in First Week After Dragon Boat Festival, Inventory Rises [SMM Analysis]
SMM, June 5: This week (May 30-June 5, 2025), the total inventory in Wuxi and Foshan's two major stainless steel markets showed a significant inventory buildup, rising from 967,500 mt on May 29, 2025, ...
Shanghai Metals Market12h
Rare Earth Export Controls in Place for Over Two Months, Overseas Automakers' Raw Material Inventories are Critically Low [SMM Commentary]
Rare Earth Export Controls in Place for Over Two Months, Overseas Automakers' Raw Material Inventories Critically Low] Currently, rare earth control measures have been in place for over two months, ...
Shanghai Metals Market15h
Social inventory continues to increase, while SHFE zinc maintains a fluctuating trend [SMM Zinc Futures Brief Commentary]
Social Inventory Continues to Increase, SHFE Zinc Maintains Fluctuating Trend] The most-traded SHFE zinc 2507 contract opened at 22,365 yuan/mt. In the early session, bulls increased their positions, ...
Shanghai Metals Market9h
Xi Jinping had a phone call with US President Trump.
On the evening of June 5, President Xi Jinping had a phone conversation with US President Donald Trump at the latter's request.
Shanghai Metals Market12h
FAW-Volkswagen to produce two CMP-based NEV models at Tianjin plant from 2027
Shanghai (Gasgoo)- On June 4, FAW-Volkswagen signed a memorandum of cooperation with the Tianjin Economic-Technological Development Area ("TEDA") government, announcing plans to produce two new energy ...
Shanghai Metals Market13h
HK Stocks Close | Hang Seng Index Posts Three-Day Rally; Rare Earth Export Controls Help JL MAG Rare-Earth Surge Over 12%
Today, the three major indices of Hong Kong stocks extended their gains. By the close, the Hang Seng Index rose 1.07% to close at 23,906.97 points; the Hang Seng Tech Index climbed 1.93% to close at 5 ...
Shanghai Metals Market18h
In May, manufacturers in south China actively resumed production, and production is expected to continue growing in June.
According to SMM data, high-carbon ferrochrome production in May 2025 increased further, rising 5.76% MoM but falling 5.38% YoY. Among them, Inner Mongolia accounted for 78.26% of the production, with ...