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Latest News

Few offers were made during the day, and there were almost no market participants. [SMM Yangshan Spot Copper]
12 mins ago
SMM Weekly Operating Rate of Primary Lead Smelters (February 6, 2026–February 12, 2026) [SMM Weekly Review of Primary Lead Operating Rates]
12 mins ago
AI Macro Sentiment Recedes Again, Triggering Market Downward Pressure, the Most-Traded SHFE Tin Contract Falls Over 5% [SMM Tin Midday Review]
[SMM Tin Midday Review: AI Macro Sentiment Recedes Again, Triggering Market Downward Pressure, the Most-Traded SHFE Tin Contract Falls Over 5%]
19 mins ago
[SMM Nickel Midday Review] Nickel prices experienced a significant correction on February 13, while the central bank conducted 1,000 billion yuan in outright reverse repo operations.
23 mins ago
[SMM Analysis] January 2026 Global Stainless Steel Market Review: Navigating High Costs and Shifting Supply Dynamics
[SMM Analysis] January 2026 Global Stainless Steel Market Review: Navigating High Costs and Shifting Supply Dynamics
The beginning of 2026 did not bring the calm usually expected in the global stainless steel industry chain ahead of the traditional Lunar New Year offseason. Instead, under the double pincer attack of surging raw material costs and escalating trade protectionism, the market is undergoing a violent restructuring.
31 mins ago
COMEX Copper Inventories Drop by 2,011 Short Tons on February 12
On February 12, COMEX copper inventories decreased by 2,011 short tons to 590,525 short tons.
32 mins ago
Copper prices fell sharply, with some downstream buyers making small restocking purchases, but overall trading remained sluggish [SMM South China Spot Copper]
33 mins ago
【SMM Steel】Salzgitter buys Thyrolf & Uhle to expand defense offerings
【SMM Steel】Germany's Salzgitter agreed to buy Thyrolf & Uhle, a specialty steel processor in Dessau-Roßlau. The deal targets the defense market, with rising demand for military vehicles and infrastructure protection. Thyrolf & Uhle employs ~100 people and processes over 12,000 tons of steel/year. It is certified to handle ballistic protection steel in SECURE® grades 400-600. This adds sheet metal and component expertise meeting military standards. Salzgitter's CEO says it strengthens its position in a sector needing reliable materials. The deal needs regulatory approval.
45 mins ago
【SMM Steel】AM/NS India first integrated mill with Green Steel nod
【SMM Steel】AM/NS India is the first integrated steelmaker certified under India's Green Steel Taxonomy. HR coils/sheets got 4 stars, CR coils/sheets 3 stars. The certification requires <2.2 t CO₂/t finished steel, approved by NISST. Via gas-based DRI, emissions intensity is down >35% since 2015 and was 14% below national avg in FY2025. AM/NS already supplies green steel for auto, infra, and machinery. It targets a 20% intensity cut by 2030 vs 2021 via renewables.
46 mins ago
【SMM Steel】Turkey's Habaş starts EIA for İzmir cold rolling plant
【SMM Steel】Habaş began the EIA process for its cold rolling facility in Aliağa, İzmir. The 490M TL project includes a PL/TCM line processing 1.824 Mt of HRC into 1.65 Mt of CRC/year. Five auxiliary units are planned. Construction continues but final permits are pending. The EIA allows public review of technical and environmental compliance. Operations are expected to start within 12 months.
46 mins ago
【SMM Steel】Jindal (India) starts new coating line in West Bengal
【SMM Steel】Jindal (India) Limited commissioned a new metal coating line at its Ranihati plant with an ~Rs 11 bn investment. The first batch is out, marking a key downstream expansion. High-value coated steel output will rise ~60% to 300,000 tons, driving ~20% revenue growth in FY26. Products target infra, white goods, solar, and roofing. This is part of the group's Rs 15 bn capex plan. It also plans a new Odisha steel plant with Rs 150 bn investment by 2030.
46 mins ago
【SMM Steel】Bosnia proposes 30% steel import tariff for 200 days
【SMM Steel】Bosnia's trade ministry proposed a 200-day, 30% duty on steel imports following a complaint by Nova Željezara Zenica. In 2025, reinforcing mesh imports surged 192.87% above the 4-year avg, with Serbian and Italian supply up 408.45% and 105.7%. Turkish coiled ribbed bar imports jumped 885.2%, Serbian 113.2%. The ministry warns of idle capacity and import dependency. The measure aims to prevent job losses and damage to local industry.
46 mins ago
【SMM Steel】Vietnam starts carbon quota pilot covering steel, cement, power
【SMM Steel】Vietnam approved pilot GHG emission allowances for 2025-2026. The 2026 quota is ~268.39 Mt CO₂e, up >10% YoY. Allocations go to 34 thermal power plants, 25 steel firms, and 51 cement plants under Decision No. 263/QD-TTg. 2025 quota: 243.1 Mt. Firm-level details are undisclosed. Including steel and cement signals tighter carbon rules and paves way for a 2028 carbon pricing scheme. Vietnam reaffirmed net-zero by 2050 and targets deep cuts by 2030 with int'l support.
46 mins ago
【SMM Steel】Toyota adopts low-emission steel for auto production
【SMM Steel】Toyota began buying green steel from Nippon Steel, JFE, and Kobe Steel late last year. Green steel costs ~40% more than conventional, but govt subsidies help. Volumes undisclosed. Using EAFs instead of blast furnaces cuts CO₂ by ~75%. Toyota gets official certificates, joining Nissan and Isuzu. The move by the world's top automaker may push wider adoption of cleaner tech.
47 mins ago
[SMM Analysis] Raw Material Shortages Boost Prices Across Tungsten Industry Chain, Bull Run Set to Continue
[SMM Analysis] Raw Material Shortages Boost Prices Across Tungsten Industry Chain, Bull Run Set to Continue
Driven by tight spot raw material supply, a sharp hike in corporate long-term contract prices and festive effects, the tungsten market saw price rises on shrinking volumes this week with domestic and overseas markets moving up in tandem; the strong short-term trend is set to continue, and attention should be paid to the resumption of cemented carbide production, scrap tungsten supply and downstream demand release after the Spring Festival.
Feb 7, 2026 17:39
A Panoramic View of Solid-State Battery Anodes: The Triple Game of Technology, Capacity, and Market
A Panoramic View of Solid-State Battery Anodes: The Triple Game of Technology, Capacity, and Market
Feb 9, 2026 22:06
China central bank keeps buying gold as bull run hits brakes
China central bank keeps buying gold as bull run hits brakes
Feb 9, 2026 14:50
Global Silver Investment to Remain Strong in 2026 Against the Backdrop of a Sixth Consecutive Annual Market Deficit
Global Silver Investment to Remain Strong in 2026 Against the Backdrop of a Sixth Consecutive Annual Market Deficit
Feb 11, 2026 09:27
Correction? What Correction: CIBC Raises Forecasts – Gold $6,000 USD, Silver $105, on Average
Correction? What Correction: CIBC Raises Forecasts – Gold $6,000 USD, Silver $105, on Average
Feb 11, 2026 09:15
Silver Price Forecast: 30% Historic CRASH - Buy The Dip Or Run?
Silver Price Forecast: 30% Historic CRASH - Buy The Dip Or Run?
Feb 2, 2026 15:52
[SMM Analysis] Tungsten Inventory Depletion in Europe Triggers Panic Buying, Accelerating Global Price Uptrend
[SMM Analysis] Tungsten Inventory Depletion in Europe Triggers Panic Buying, Accelerating Global Price Uptrend
Feb 2, 2026 16:35
Latest News
SHFE Copper Trading Nearly Halted Before the Holiday, Faces Import Pressure After the Holiday, Spot Discounts Remain Under Pressure [SMM Shanghai Spot Copper]
2 mins ago
Weekly Brief Review of the Lead Concentrate Market (February 9, 2026–February 13, 2026) [SMM Lead Concentrate Weekly Review]
12 mins ago
Ahead of the Chinese New Year holiday, trading activity in the spot market was sluggish, and the price spread for primary lead across regions widened [SMM Weekly Review of the Refined Lead Spot Market]
12 mins ago
Few offers were made during the day, and there were almost no market participants. [SMM Yangshan Spot Copper]
12 mins ago
SMM Weekly Operating Rate of Primary Lead Smelters (February 6, 2026–February 12, 2026) [SMM Weekly Review of Primary Lead Operating Rates]
12 mins ago
AI Macro Sentiment Recedes Again, Triggering Market Downward Pressure, the Most-Traded SHFE Tin Contract Falls Over 5% [SMM Tin Midday Review]
19 mins ago
[SMM Nickel Midday Review] Nickel prices experienced a significant correction on February 13, while the central bank conducted 1,000 billion yuan in outright reverse repo operations.
23 mins ago
[SMM Analysis] January 2026 Global Stainless Steel Market Review: Navigating High Costs and Shifting Supply Dynamics
[SMM Analysis] January 2026 Global Stainless Steel Market Review: Navigating High Costs and Shifting Supply Dynamics
31 mins ago
COMEX Copper Inventories Drop by 2,011 Short Tons on February 12
32 mins ago
Copper prices fell sharply, with some downstream buyers making small restocking purchases, but overall trading remained sluggish [SMM South China Spot Copper]
33 mins ago
African Cathode Long-Term Contracts Face Delays as Market Premiums Diverge
36 mins ago
Pansteel Vanadium's March 2026 Gansu Injection Semi Coke Tender
39 mins ago
Bidding for Tibet's Duolong Copper Mine Expansion Project Begins, Winners to Be Announced Soon
44 mins ago
【SMM Steel】Salzgitter buys Thyrolf & Uhle to expand defense offerings
45 mins ago
【SMM Steel】AM/NS India first integrated mill with Green Steel nod
46 mins ago
【SMM Steel】Turkey's Habaş starts EIA for İzmir cold rolling plant
46 mins ago
【SMM Steel】Jindal (India) starts new coating line in West Bengal
46 mins ago
【SMM Steel】Bosnia proposes 30% steel import tariff for 200 days
46 mins ago
【SMM Steel】Vietnam starts carbon quota pilot covering steel, cement, power
46 mins ago
【SMM Steel】Toyota adopts low-emission steel for auto production
47 mins ago