News

[SMM Tin Futures Review: The Most-Traded SHFE Tin Contract Fluctuated at Highs Amid Mixed Factors, Downstream Enterprises Remained Cautious and Watchful]

[SMM Tin Noon Review: SHFE Tin Contracts See V-Shaped Movement Within Morning Range, Macro Volatility Leads to High-Level Consolidation]

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Rallied Slightly During Night Session Before Pulling Back, Spot Market Trading Sluggish]

[SMM Tin Futures Review: SHFE and LME Tin Futures Fluctuate Synchronously, Market Remains Cautious and Watchful Amid Highs]

After research and deliberation, the SHFE issued a notice stating that, starting from the settlement after market close on Friday, January 30, 2026, the price limit margins and trading margin ratios will be adjusted as follows: the price limit margins for listed alumina, lead, and zinc futures contracts will be adjusted to 9%, with the trading margin ratios for hedging positions adjusted to 10% and those for non-hedging positions adjusted to 11%.

Brazilian miner Vale’s iron ore production rose to 336.1 million metric tons in 2025, the company said on Tuesday, marking the first time since 2018 that its output surpassed that of rival Rio Tinto’s Pilbara operations in Australia.

Grupo Mexico, one of the world’s largest copper producers, nearly doubled its fourth-quarter net profit on higher metals prices and stronger volumes, it said on Tuesday, more than offsetting weaker infrastructure results tied to suspended oil platforms and foreign-exchange headwinds.

The President of the German Association of the Automotive Industry (VDA), Hildegard Mueller, stated that the trade agreement between the European Union and India sends a strong signal that tangible action is possible. "Although not all trade barriers have been eliminated, in a global environment where protectionism is gradually gaining traction, this agreement will bring much-needed improvements in market access." She particularly welcomed the arrangement on automotive tariffs in the agreement, which involves gradually reducing import tariffs on complete vehicles based on an initial quota of 250,000 units and fully eliminating tariffs on automotive parts within 5 to 10 years. This agreement will not only strengthen bilateral trade between the EU and India but also significantly enhance the attractiveness of mutual investment between the two sides.

On January 27, 2026, the "Smart Computing in Shanghai" High-Level Forum was held in Shanghai. At the main forum themed "Computing Power as the Foundation, Ecosystem Empowerment," Pan Yan, Deputy Director of the Shanghai Municipal Commission of Economy and Informatization, revealed that Shanghai is actively implementing national strategies, carrying out the "AI+" initiative, and leading the digital and intelligent transformation of the manufacturing industry. Looking ahead to the 16th Five-Year Plan period, Shanghai will moderately advance the construction of a number of intelligent computing infrastructure facilities, accelerate the large-scale deployment of locally produced chips, build a self-sufficient and controllable intelligent computing industry, establish a "domestic chips, domestic models, domestic cloud" system, and promote the "Shanghai Brand" of intelligent computing super nodes. Additionally, the city will foster an open and shared intelligent computing ecosystem by continuously optimizing policies, capital, and talent support, driving Shanghai's computing power industry to new heights.

[SMM Tin Morning Brief: The most-traded SHFE tin 2603 contract experienced a slight rise followed by a volatile pullback during the night session, while some enterprises have gradually reduced operations as the Chinese New Year approaches.]

Indonesia is set to introduce a minimum reference price for tin to protect domestic mining operations from global price volatility. Energy and Mineral Resources Minister Bahlil Lahadalia stated that the regulation will establish a benchmark based on minimum production costs, serving as a "protective instrument" for small-scale and community miners.

[SMM Tin Futures Review: The Most-Traded SHFE Tin Contract Moved Sideways Around 430,000 Before Surging Higher, Downstream Purchase Willfulness Was Significantly Suppressed]

[SMM Tin Midday Review: SHFE Tin Consolidates Weakly After Earlier Rally, Spot Trades Sluggish Amid High Absolute Prices]

In its latest report released today, Counterpoint Research stated that the non-GPU server AI chip—the AI ASIC segment—will experience rapid growth in the near term, with shipments projected to triple by 2027 compared to 2024 levels, and is expected to surpass GPU shipments in 2028, reaching over 15 million units.