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According to Xinhua News Agency, as the US-Iran conflict escalated, the Islamic Revolutionary Guard Corps of Iran announced the closure of the Strait of Hormuz on the evening of February 28.

Mar 2, 2026 16:48

[SMM Insight] Hormuz Strait Closure: Sulfur Supply Disruption & Indonesia MHP Cost Impact

China's Enhanced Export Controls: Impact on 20 Japanese Entities and Rare Earth Supply Chains【SMM Analysis】

On Feb 24, 2026, China placed 20 Japanese firms, including Subaru, on an export control watchlist for unverifiable end-use of dual-use items. This signals tighter controls on critical minerals and tech amid geopolitical and supply chain shifts. The analysis examines the firms' supply chain roles and the long-term industrial implications.

Feb 28, 2026 15:27

[SMM Magnesium Analysis] China Magnesium Trade Faces Challenges Amid Geopolitical Tensions and Export Controls

In 2026, China's magnesium exports face dual pressures: Middle East conflicts have spiked freight rates and blocked major trade routes, while tighter controls on dual-use items to Japan limit growth. Despite 420,000 tons exported in 2025, the industry must shift from low-price "involution" to rational quoting to sustain its global dominance.

Mar 2, 2026 18:17

[SMM Analysis] US-Iran War: What It Means for Global Copper Concentrate Market?

[SMM Analysis: How does the Iran-Israel conflict affect copper concentrate?]

Mar 2, 2026 13:42

[SMM Analysis] Global Stainless Steel Market Navigates Complex Landscape in February, What's the Long-Term Outlook?

February 2026 proved to be a pivotal month of challenge and adjustment for the global stainless steel market. Driven by the compounding pressures of the Carbon Border Adjustment Mechanism (CBAM), intensifying geopolitical trade friction, significantly tightened raw material quotas, and sudden supply chain disruptions, the market navigated a complex landscape.

Mar 2, 2026 18:18

Against this backdrop, the value of energy storage and grid infrastructure becomes particularly prominent. If conflict persists, the core objective of energy systems will shift from cost optimization to systemic resilience. Distributed energy, microgrids, and storage possess an insurance-like function; their value becomes more visible under extreme conditions. Even if elevated raw material prices increase project costs, higher policy priority may provide long-term support.

Mar 2, 2026 11:39

[SMM Analysis:Overview of Q4 Copper Production of the Top 20 Global Mining Companies in 2025] According to SMM statistics, copper production by the world's top 20 mining companies in the fourth quarter of 2025 stood at 3,526 kt, a 2.1% increase quarter-on-quarter but a 10.5% decrease year-on-year.

Feb 27, 2026 17:50

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

【SMM Nickel Flash News】 ESDM's Statement of RKAB Revision Rules Amid APNI’s 30% Increase Claim

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[SMM Daily Nickel Intermediate Product Review] March 4: Nickel Prices for MHP and High-Grade Nickel Matte Declined

1 hour ago

【SMM Nickel Flash News】 APNI and PNIA Sign MOU to Establish IndoPhil Nickel Corridor

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Data: SHFE, DCE market movement (Mar 03)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 03 Mar , 2026

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【SMM Analysis】Indonesia Nickel Quotas: Will July Revisions Relieve the Smelter Supply Deficit?

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[NPI Daily Review] The Market Was Mainly Driven by Restocking to Meet Immediate Needs; High-Grade NPI Prices Held Steady

[SMM Daily Review: The Market Was Mainly Driven by Rigid-Demand Restocking, and High-Grade NPI Prices Held Steady] News on March 3: The upstream sentiment factor for SMM high-grade NPI was 2.86, up 0.01 MoM, and the downstream sentiment factor for high-grade NPI was 1.29, up 0.01 MoM.

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NDRC Chief Hosts Symposium with Private Firms to Boost Domestic Demand and Economic Growth

On March 2, Zheng Shanjie, head of the National Development and Reform Commission (NDRC), presided over a symposium with private enterprises, soliciting opinions and suggestions on expanding domestic demand, stabilizing investment, and achieving a good start for economic development during the 15th Five-Year Plan period.

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Iran Closes Strait of Hormuz, Threatens to Strike Passing Vessels

Iran claimed that the Strait of Hormuz had been closed and would strike all vessels attempting to pass through.

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[SMM Nickel Midday Review] On March 3, nickel prices continued to retreat, and Iran claimed the Strait of Hormuz had been closed

Mar 3, 2026 11:45

[SMM Nickel Intermediate Product Daily Review] On March 3, MHP and high-grade nickel matte prices declined

So far, the FOB price of Indonesian MHP nickel is $15,654/mt Ni, and the FOB price of Indonesian MHP cobalt is $49,740/mt Co. The MHP payables (against SMM battery-grade nickel sulphate index) are 86-87, and the payable indicator for MHP cobalt element (against SMM refined cobalt (Rotterdam warehouse)) is 91. The FOB price of Indonesian high-grade nickel matte is $16,017/mt Ni.

[SMM Insight] Hormuz Strait Closure: Sulfur Supply Disruption & Indonesia MHP Cost Impact

According to Xinhua News Agency, as the US-Iran conflict escalated, the Islamic Revolutionary Guard Corps of Iran announced the closure of the Strait of Hormuz on the evening of February 28.

Mar 2, 2026 16:48

Data: SHFE, DCE market movement (Mar 02)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Mar , 2026

Mar 2, 2026 15:59

[SMM Nickel Sulphate Daily Review] On March 2, Cost Fluctuations Continued to Affect the Market and the Average Price of Nickel Salts Slightly Declined

On March 2, the average price of SMM battery-grade nickel sulphate slightly declined compared to yesterday.

Mar 2, 2026 14:42

Shaanxi Jutai to Launch 30,000 mt Nickel Plate Production Line in Zhejiang by March 2026

Recently, Shaanxi Jutai New Materials Technology Co., Ltd. announced that its 30,000 mt annual nickel plate production line located at the Zhoushan base in Zhejiang has entered the final commissioning phase and will officially commence production in March 2026. It is understood that the nickel plate project to be launched mainly produces high-purity electrodeposited nickel plates, which will be widely used in the manufacturing fields of alloys and electroplating.

Mar 2, 2026 13:48

CPC Central Committee Discusses Draft of 15th Five-Year Plan and Government Work Report

The Political Bureau of the CPC Central Committee convened a meeting to discuss the draft outline of the 15th Five-Year Plan and the government work report.

Mar 2, 2026 13:48

[SMM Nickel News]

On March 2, the SMM #1 refined nickel price fell by 1,150 yuan/mt from the previous trading day. In terms of spot premiums and discounts, the average for Jinchuan #1 refined nickel was 7,150 yuan/mt, down 700 yuan/mt from the previous trading day; the range for major domestic brands of electrodeposited nickel was -700-300 yuan/mt, showing a decline.

Mar 2, 2026 13:47

[SMM Nickel Midday Review] Nickel prices drop slightly on March 2, as geopolitical tensions in the Middle East escalate sharply

Mar 2, 2026 13:42

[SMM Insight] Hormuz Strait Closure: Sulfur Supply Disruption & Indonesia MHP Cost Impact

According to Xinhua News Agency, as the US-Iran conflict escalated, the Islamic Revolutionary Guard Corps of Iran announced the closure of the Strait of Hormuz on the evening of February 28.

Mar 2, 2026 16:48

China's Enhanced Export Controls: Impact on 20 Japanese Entities and Rare Earth Supply Chains【SMM Analysis】

Feb 28, 2026 15:27

[SMM Magnesium Analysis] China Magnesium Trade Faces Challenges Amid Geopolitical Tensions and Export Controls

Mar 2, 2026 18:17

[SMM Analysis] US-Iran War: What It Means for Global Copper Concentrate Market?

Mar 2, 2026 13:42

[SMM Analysis] Global Stainless Steel Market Navigates Complex Landscape in February, What's the Long-Term Outlook?

Mar 2, 2026 18:18

New Energy Is No Longer Just a Transition Narrative, but a National Security Asset

Mar 2, 2026 11:39

[SMM Analysis] Overview of Q4 Copper Production of Global Top 20 Miners & 2026 Production Guidance

Feb 27, 2026 17:50

【SMM Nickel Flash News】 ESDM's Statement of RKAB Revision Rules Amid APNI’s 30% Increase Claim

Common.Time.minsAgo

[SMM Daily Nickel Intermediate Product Review] March 4: Nickel Prices for MHP and High-Grade Nickel Matte Declined

1 hour ago

【SMM Nickel Flash News】 APNI and PNIA Sign MOU to Establish IndoPhil Nickel Corridor

Common.Time.hoursAgo

Data: SHFE, DCE market movement (Mar 03)

Common.Time.hoursAgo

【SMM Analysis】Indonesia Nickel Quotas: Will July Revisions Relieve the Smelter Supply Deficit?

Common.Time.hoursAgo

[NPI Daily Review] The Market Was Mainly Driven by Restocking to Meet Immediate Needs; High-Grade NPI Prices Held Steady

Common.Time.hoursAgo

NDRC Chief Hosts Symposium with Private Firms to Boost Domestic Demand and Economic Growth

Common.Time.hoursAgo

Iran Closes Strait of Hormuz, Threatens to Strike Passing Vessels

Common.Time.hoursAgo

[SMM Nickel Midday Review] On March 3, nickel prices continued to retreat, and Iran claimed the Strait of Hormuz had been closed

Mar 3, 2026 11:45

[SMM Nickel Intermediate Product Daily Review] On March 3, MHP and high-grade nickel matte prices declined

Mar 3, 2026 11:18

[SMM News] Indonesia's State Electricity Company (PLN) Increases Purchase of Tsingshan IWIP Waste Heat Power to 11 Megawatts, Aiming to Strengthen Regional Power Grid Stability

Mar 2, 2026 20:54

【SMM Flash News】PLN Increases Excess Power Purchase from IWIP to 11 MW to Boost Regional Grid Stability

Mar 2, 2026 20:54

[SMM Analysis] Global Stainless Steel Market Navigates Complex Landscape in February, What's the Long-Term Outlook?

Mar 2, 2026 18:18

[SMM Insight] Hormuz Strait Closure: Sulfur Supply Disruption & Indonesia MHP Cost Impact

Mar 2, 2026 16:48

Data: SHFE, DCE market movement (Mar 02)

Mar 2, 2026 15:59

[SMM Nickel Sulphate Daily Review] On March 2, Cost Fluctuations Continued to Affect the Market and the Average Price of Nickel Salts Slightly Declined

Mar 2, 2026 14:42

Shaanxi Jutai to Launch 30,000 mt Nickel Plate Production Line in Zhejiang by March 2026

Mar 2, 2026 13:48

CPC Central Committee Discusses Draft of 15th Five-Year Plan and Government Work Report

Mar 2, 2026 13:48

[SMM Nickel News]

Mar 2, 2026 13:47

[SMM Nickel Midday Review] Nickel prices drop slightly on March 2, as geopolitical tensions in the Middle East escalate sharply

Mar 2, 2026 13:42

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