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Goldman Sachs Raises Copper Price Estimates for Q2 and Q3
May 08, 2025 09:53
On May 7 (Wednesday), Goldman Sachs raised its quarterly copper price forecast, citing easing trade tensions and resilient copper demand, which are expected to continue supporting copper prices in the coming months.
The production output of the top 15 mining enterprises in Q1 has been released, and the supply of copper concentrate is not optimistic [SMM Analysis]
[SMM Analysis:The production output of the top 15 mining enterprises in Q1 has been released, and the supply of copper concentrate is not optimistic ] The copper production of the top 15 mining enterprises in the first quarter of 2025 has been released. According to SMM statistics, the copper production of the top 15 mining enterprises in the first quarter was 2,967 kt, a year-on-year decrease of 0.8% and a month-on-month decrease of 12.8%. However, judging from the production data in the first quarter, the raw material supply this year seems not optimistic.
May 9, 2025 09:46
The off-season for demand has arrived, and the price of ADC12 is fluctuating downward. [Weekly Review of Secondary Aluminum Market]
[Weekly Review of Secondary Aluminum Market]The aluminum scrap market showed a divergent adjustment trend after the Labour Day holiday. As of May 8, SMM A00 primary aluminum spot closed at 19,620 yuan/mt, down a cumulative 440 yuan/mt from the level before the holiday (April 30). Aluminum scrap prices generally followed the downward trend of primary aluminum, but significant differences were observed across product types and regions.
May 8, 2025 19:34
MMi Daily Iron Ore Report (May 8)
Today, DCE Iron Ore futures saw a significant decline, with the most-traded contract I2509 closing at 693.5, down 2.73% for the day. Traders' enthusiasm for selling was moderate; steel mills purchased as needed, and the market transaction atmosphere was acceptable.
May 8, 2025 18:04
[SMM Analysis] China's Green Hydrogen Industry Grows Steadily: New Capacity Exceeds 3 Million mt in April, Accelerating Implementation of Multiple Technology Routes and Scenario Applications
In April 2025, China's green hydrogen industry reached a period of explosive growth. According to statistics from SMM, the country's monthly newly added capacity for green hydrogen-related projects exceeded 82,300 mt of green hydrogen, 2.35 million mt of green ammonia, and 2.2 million mt of green methanol, covering the entire value chain of hydrogen production, storage, transportation, and application. From Inner Mongolia to Qinghai, and from alkaline electrolyzers to PEM technology, China's green hydrogen industry is breaking through the bottleneck of large-scale development through diversified approaches, achieving benchmark applications in the transportation and industrial sectors.
May 8, 2025 13:58
Secondary Lead Industry Struggles Amid Consumption Lull and Intense Competition【SMM Analysis】
The secondary lead industry is facing difficulties during the off-season for lead-acid battery consumption. Low scrap volumes due to reduced battery replacements, combined with intense competition among recyclers, create significant pressure for scrap dealers to collect waste batteries. Secondary lead smelters are struggling with poor arrivals of waste batteries and high costs, resulting in losses of 600-800 yuan per ton of secondary refined lead. High lead ingot inventories and weak demand from downstream battery manufacturers further exacerbate the situation. Despite plans for new capacity in May, production cuts are anticipated as the industry grapples with tight raw material supplies and declining output.
May 8, 2025 13:32
MMi Daily Iron Ore Report (May 7)
Today, DCE Iron Ore futures opened higher and then fluctuated downward, with the most-traded contract I2509 eventually closing at 708, up 0.35% for the day. Traders' enthusiasm for selling was moderate; steel mills adopted a wait-and-see attitude cautiously, with some purchasing as planned, resulting in a generally moderate market transaction atmosphere.
May 7, 2025 17:59
In April, smelter maintenance and production resumptions occurred simultaneously, leading to a slight decline in silver production
The latest data from SMM indicates that in April 2025, silver production declined slightly by 1% MoM and also decreased marginally by 0.94% YoY. As of now, the cumulative silver production in 2025 has reached 5,961 mt.
May 7, 2025 08:54
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