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【SMM Analysis】Weekly Review of Indonesian Nickel Market - Jan 30

MOMS Delays and West Monsoon Slow Down Supply; HPM Sees Slight Dip Amid Policy Uncertainty

【SMM Analysis】Weekly Review of Indonesian Nickel Market - Jan 30

Capacity Expansion Faces Bottlenecks, Demand Structure Further Diversifies: Long-Term Outlook for the Domestic Aluminum Billet Market, 2025-2030 [SMM Analysis]

Capacity Expansion Faces Bottlenecks, Demand Structure Further Diversifies: Long-Term Outlook for the Domestic Aluminum Billet Market, 2025-2030 [SMM Analysis]

[SMM Analysis: Capacity Expansion Faces Bottlenecks, Demand Structure Further Diversifies: Long-Term Outlook for China's Aluminum Billet Market, 2025-2030] Key Points: Over the next five years, China's aluminum billet market is expected to exhibit a pattern of "dual growth in supply and demand but continued surplus, optimized capacity structure, and intensified demand differentiation," as the industry shifts from scale expansion to quality improvement...

Jan 30, 2026 21:22

[SMM Analysis] January 2026 Lithium Carbonate Review: Capital Sentiment and Pre-Holiday Stockpiling Resonate, Lithium Carbonate Experiences a Retreat After Rapid Rise

[SMM Analysis] January 2026 Lithium Carbonate Review: Capital Sentiment and Pre-Holiday Stockpiling Resonate, Lithium Carbonate Experiences a Retreat After Rapid Rise

[SMM Analysis] In the first month of 2026, the lithium carbonate market experienced a retreat after a rapid rise. Starting from 120,000 yuan/mt at the beginning of the month, after a rapid surge and a brief pullback in mid-month, the price surged again in late January, breaking through the 180,000 yuan/mt mark. However, by month-end, as lithium carbonate prices retreated after the rapid rise, the monthly average price for battery-grade lithium carbonate in January was approximately 155,000 yuan/mt. Market characteristics this month included strong reluctance to sell among upstream players and increased purchase willingness from downstream buyers at relatively low price points.

Jan 30, 2026 19:03

[SMM Analysis] India PV Market Observation: DCR Module Premium Pulls Back, Price Trend Returns to Cost Logic

[SMM Analysis] India PV Market Observation: DCR Module Premium Pulls Back, Price Trend Returns to Cost Logic

In early 2026, India's PV market exhibited a unique "dual-track" pricing characteristic for modules, driven by policy barriers and local capacity ramp-up.

Jan 30, 2026 18:54

The most-traded SHFE tin contract plummeted more than 8% in a single day, and tin prices are expected to remain in the doldrums in the short term [SMM Tin Futures Review]

The most-traded SHFE tin contract plummeted more than 8% in a single day, and tin prices are expected to remain in the doldrums in the short term [SMM Tin Futures Review]

[SMM Tin Futures Review: The Most-Traded SHFE Tin Contract Plunged Over 8% in a Single Day, Tin Prices Expected to Be in the Doldrums in the Short Term]

Jan 30, 2026 18:53

[SMM Analysis] Zinc Prices Hit Over Three-Year High in January, How Will They Perform in February?

SMM Analysis：As of January 30, the most-traded SHFE zinc contract closed at 25,835 yuan/mt, up 2,525 yuan/mt for the month, a gain of 10.83%. Zinc prices rose significantly in January, hitting a low of 23,410 yuan/mt early in the month and reaching a high of 26,985 yuan/mt by month-end, with the overall price center shifting notably higher. With the Chinese New Year holiday approaching, how will zinc prices perform in February......

Jan 30, 2026 17:42

Holiday Wave Approaches! Operating Rates at Steel Mills Using Externally Purchased Billets to Continue Pulling Back in February

[SMM Billet Utilization Survey] According to an SMM survey, as of January 30, the operating rate of steel mills using externally purchased billets that mainly produce construction steel stood at 24.49%, down 0.11% MoM from December but up 24.49% YoY.

Jan 30, 2026 17:31

All Copper Aluminum Lead Zinc Tin Nickel New Energy Photovoltaic Ferrous Metals Rare Earth Scrap Metals Minor-Metals Precious Metals Car Others

TMT Receives Key Environmental Permit for Murchison Technology Metals Project

TMT Receives Key Environmental Permit for Murchison Technology Metals Project

AMG Vanadium Boosts Recycling Capacity by 20% with Ohio Facility Upgrade

AMG Vanadium Boosts Recycling Capacity by 20% with Ohio Facility Upgrade

VanadiumCorp Signs MoU for Efficient Vanadium Electrolysis Process Development

VanadiumCorp Signs MoU for Efficient Vanadium Electrolysis Process Development

Sumitomo and Kazakh Partner Begin Vanadium Electrolyte Plant Construction, Target 2025 Completion

【SMM Vanadium Express】A joint venture between Sumitomo Corporation and a Kazakhstan-based partner has commenced the construction of a vanadium electrolyte production facility, aiming for completion by late 2025.

Treibacher Launches Ultra-Fine Vanadium Carbide for 3D Printing

【SMM Vanadium Express】Treibacher Industrie AG introduced a new ultra-fine vanadium carbide powder for additive manufacturing (3D printing), targeting the tooling and high-performance component markets.

US Vanadium Expands High-Purity Vanadium Oxide Production in Arkansas

【SMM Vanadium Express】US Vanadium Holding Co. announced the expansion of its high-purity vanadium oxide production capacity in Arkansas to meet growing demand from the aerospace and chemical catalyst industries.

Chinese Firm Secures New Mining License for Large Vanadium-Titanium Deposit in Sichuan

【SMM Vanadium Express】Chinese Vanadium Titanium Magnetite Mining Co., Ltd. secured a new mining license for a vanadium-titanium magnetite deposit in Sichuan province, which is estimated to contain over 10 million tons of ore resources.

EVRAZ Reports 8% QoQ Increase in Vanadium Sales, Driven by Strong European and North American Steel Demand

【SMM Vanadium Express】EVRAZ reported that its Vanadium business segment's Q3 sales volume increased by 8% quarter-on-quarter, driven by stronger demand from the European and North American steel sectors.

Glencore Cuts Vanadium Slag Output in South Africa Due to Maintenance, Affecting 500 Tons of V2O5 Supply

【SMM Vanadium Express】Industry sources indicate that Glencore has temporarily reduced vanadium slag output at its South African operations due to scheduled equipment maintenance, impacting approximately 500 tons of V2O5 equivalent supply this quarter.

TNG Limited Reports Over 99.5% Purity in Mount Peake Project Pilot Tests

【SMM Vanadium Express】TNG Limited provided an update on its Mount Peake project, stating that pilot plant tests for titanium-vanadium-iron concentrate have yielded product purity exceeding 99.5%.

Australian Vanadium Completes BFS, Enters Financing Talks for Flagship Project

Australian Vanadium Completes BFS, Enters Financing Talks for Flagship Project

HBIS Develops New Vanadium-Aluminum Alloy for Aerospace Trial Use

HBIS Develops New Vanadium-Aluminum Alloy for Aerospace Trial Use

Bushveld Minerals in Talks for Long-Term Vanadium Supply Deals with Asian Battery Makers

Bushveld Minerals in Talks for Long-Term Vanadium Supply Deals with Asian Battery Makers

Lomon Billions' High-Purity Vanadium Project Gets Environmental Approval, Construction to Start in Q1 2025

【SMM Vanadium Express】Lomon Billions Group disclosed in its investor relations report that its subsidiary's high-purity vanadium pentoxide project has secured environmental approval, with construction expected to begin in Q1 2025.

Pangang Group Starts Trial of New Vanadium Electrolyte Line for Energy Storage

【SMM Vanadium Express】Pangang Group Vanadium & Titanium announced that its new vanadium electrolyte production line has commenced trial operations, with an initial annual capacity of 3,000 cubic meters, targeting the grid-scale energy storage market.

China's Spodumene Ore Imports Surge in December, Led by Canadian and African Supplies

Customs data shows that China's spodumene ore imports in December increased compared to November, reaching 788.5 thousand physical tons, equivalent to approximately 78.5 thousand tons of lithium carbonate equivalent (LCE) (calculated by SMM based on statistical processing considering average grade and moisture content).

[China Recalls Over 38 Million Motor Vehicles During the 14th Five-Year Plan Period]

On January 29, according to information released by the State Administration for Market Regulation, China further improved its defective products recall system during the 14th Five-Year Plan period. Over the five-year period, a total of 1,074 recalls were conducted for motor vehicles, involving 38.0352 million units, and 4,190 recalls for consumer goods, covering 40.4019 million items.

[Vietnam's FPT Group Establishes Semiconductor Chip Packaging and Testing Facility]

On January 28, Vietnam’s FPT Group announced the establishment of the country’s first locally-owned and operated semiconductor packaging and testing plant. The facility’s Phase 1 (2026–2027) will cover 1,600 m², housing six testing lines and a reliability testing zone, with completion expected by April 30. Phase 2 (2028–2030) plans to expand to about 6,000 m², adding packaging and testing lines to reach an annual capacity in the billions of units, focusing on IoT, automotive, and edge AI chips.

[CATL's Sodium-Ion Batteries for Passenger Cars Set for Imminent Launch, Multiple Automakers to Follow]

On January 30, Cailian Press learned from multiple independent sources that CATL's sodium-ion power batteries for passenger cars under the "NaXin" brand are set to begin extreme cold public testing next week. Models participating in the test include Changan Oshan, among others. Informed sources revealed, "In addition to Changan, passenger vehicle products from automakers such as GAC and JAC are also expected to be equipped with CATL's sodium-ion batteries."

[Shanghai Offers Vehicle Replacement Subsidies, Up to 15,000 Yuan for NEVs]

On January 30, Shanghai's Development and Reform Commission and Finance Bureau announced a policy to support vehicle replacement. Individuals who transfer a passenger car registered in their name and purchase a new energy passenger vehicle (listed in the NEV purchase tax exemption catalog) or a fuel-powered passenger vehicle with an engine displacement of 2.0 liters or less are eligible for subsidies. The subsidy for purchasing a new energy passenger vehicle is 8% of the vehicle price, capped at 15,000 yuan. For purchasing a fuel-powered vehicle (2.0L or below), the subsidy is 6% of the vehicle price, capped at 13,000 yuan.

【SMM Analysis】Weekly Review of Indonesian Nickel Market - Jan 30

MOMS Delays and West Monsoon Slow Down Supply; HPM Sees Slight Dip Amid Policy Uncertainty

Capacity Expansion Faces Bottlenecks, Demand Structure Further Diversifies: Long-Term Outlook for the Domestic Aluminum Billet Market, 2025-2030 [SMM Analysis]

Jan 30, 2026 21:22

[SMM Analysis] January 2026 Lithium Carbonate Review: Capital Sentiment and Pre-Holiday Stockpiling Resonate, Lithium Carbonate Experiences a Retreat After Rapid Rise

Jan 30, 2026 19:03

[SMM Analysis] India PV Market Observation: DCR Module Premium Pulls Back, Price Trend Returns to Cost Logic

Jan 30, 2026 18:54

The most-traded SHFE tin contract plummeted more than 8% in a single day, and tin prices are expected to remain in the doldrums in the short term [SMM Tin Futures Review]

Jan 30, 2026 18:53

[SMM Analysis] Zinc Prices Hit Over Three-Year High in January, How Will They Perform in February?

Jan 30, 2026 17:42

Holiday Wave Approaches! Operating Rates at Steel Mills Using Externally Purchased Billets to Continue Pulling Back in February

Jan 30, 2026 17:31

TMT Receives Key Environmental Permit for Murchison Technology Metals Project

AMG Vanadium Boosts Recycling Capacity by 20% with Ohio Facility Upgrade

VanadiumCorp Signs MoU for Efficient Vanadium Electrolysis Process Development

Sumitomo and Kazakh Partner Begin Vanadium Electrolyte Plant Construction, Target 2025 Completion

Treibacher Launches Ultra-Fine Vanadium Carbide for 3D Printing

US Vanadium Expands High-Purity Vanadium Oxide Production in Arkansas

Chinese Firm Secures New Mining License for Large Vanadium-Titanium Deposit in Sichuan

EVRAZ Reports 8% QoQ Increase in Vanadium Sales, Driven by Strong European and North American Steel Demand

Glencore Cuts Vanadium Slag Output in South Africa Due to Maintenance, Affecting 500 Tons of V2O5 Supply

TNG Limited Reports Over 99.5% Purity in Mount Peake Project Pilot Tests

Australian Vanadium Completes BFS, Enters Financing Talks for Flagship Project

HBIS Develops New Vanadium-Aluminum Alloy for Aerospace Trial Use

Bushveld Minerals in Talks for Long-Term Vanadium Supply Deals with Asian Battery Makers

Lomon Billions' High-Purity Vanadium Project Gets Environmental Approval, Construction to Start in Q1 2025

Pangang Group Starts Trial of New Vanadium Electrolyte Line for Energy Storage

China's Spodumene Ore Imports Surge in December, Led by Canadian and African Supplies

[China Recalls Over 38 Million Motor Vehicles During the 14th Five-Year Plan Period]

[Vietnam's FPT Group Establishes Semiconductor Chip Packaging and Testing Facility]

[CATL's Sodium-Ion Batteries for Passenger Cars Set for Imminent Launch, Multiple Automakers to Follow]

[Shanghai Offers Vehicle Replacement Subsidies, Up to 15,000 Yuan for NEVs]