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![[SMM Conference] Secure Your Super Early Bird Ticket to Indonesia Critical Minerals 2026: Deep-Dive into Supply & Demand Dynamics | Ni-Co-Cu-Al-Sn Forum, All in One Event](https://imgqn.smm.cn/production/admin/votes/imagesFTiWz20251127175541.jpeg)
[SMM Conference] Secure Your Super Early Bird Ticket to Indonesia Critical Minerals 2026: Deep-Dive into Supply & Demand Dynamics | Ni-Co-Cu-Al-Sn Forum, All in One Event
Jan 21, 2026 11:01
As the pulse of Southeast Asian mining grows stronger and critical metals become the core arena for global industrial competition, an industry event that gathers global wisdom and links resources across the entire industry chain is about to kick off!
[SMM Analysis] China’s Copper Scrap Import Landscape Shifts in 2025 – Japan Replaces US as Top Supplier
The latest data from the General Administration of Customs shows that in December 2025, China imported 239,000 mt in physical content of copper scrap and shredded copper scrap, up 14.81% MoM and 9.88% YoY. For the full year of 2025, cumulative imports reached 2.3427 million mt in physical content, up 4.12% YoY. China's secondary copper raw material imports maintained an overall stable and positive development trend amid a complex international economic and trade environment. (HS code: 74040000)
Jan 20, 2026 17:59
![[SMM Analysis] China’s Copper Scrap Import Landscape Shifts in 2025 – Japan Replaces US as Top Supplier](https://imgqn.smm.cn/production/admin/votes/imagesgBPTz20220129154900.png)
[SMM Analysis] China Supply Crisis Sends Global Tungsten Prices Soaring, While European Market Stalls
European APT prices rose to $1,025/mtu, yet trade remains thin, creating a "stalled market" scenario despite high Chinese-led global quotes. Simultaneously, scrap tungsten prices are surging globally, signaling a potential shift toward scrap as a primary cost driver due to persistent ore shortages, further squeezing downstream margins.
Jan 20, 2026 17:08
![[SMM Analysis] China Supply Crisis Sends Global Tungsten Prices Soaring, While European Market Stalls](https://imgqn.smm.cn/production/admin/news/cn/thumb/AEVaP20180117144840.jpeg?imageView2/1/w/176/h/110/q/100)
[SMM Analysis] Overseas Lead Ingot Suppliers' Willingness to Ship Weakens, China's Lead Ingot Imports Expected to Decline in January?
According to customs data, China's refined lead exports totaled 2,767 mt in December 2025, up 141.08% MoM and 270.61% YoY. Total exports of refined lead and lead materials from January to December reached 59,440 mt, up 42.5% YoY. On the import side, China's refined lead imports stood at 8,395 mt in December, while lead alloy imports reached 24,011 mt. Total imports of refined lead and lead materials from January to December amounted to 198,641 mt, down 10.19% YoY.
Jan 20, 2026 16:47
![[SMM Analysis] Overseas Lead Ingot Suppliers' Willingness to Ship Weakens, China's Lead Ingot Imports Expected to Decline in January?](https://imgqn.smm.cn/production/admin/news/cn/thumb/RwpKQyKPhpnyJBOIHCUS20170627035033.jpg?imageView2/1/w/176/h/110/q/100)
[SMM Analysis] China’s Enamelled Copper Wire Exports Peak in 2025, Driven by Solid Traditional Markets and Robust Emerging Demand
According to data from the General Administration of Customs, China's exports of copper enamelled wire in December 2025 reached 12,538.43 mt, up 1.3% YoY but down 2.15% MoM. For the full year of 2025, China's total exports of copper enamelled wire amounted to 143,301.61 mt, with a cumulative increase of 21.07% YoY. (HS code 85441100)
Jan 20, 2026 15:55
![[SMM Analysis] China’s Enamelled Copper Wire Exports Peak in 2025, Driven by Solid Traditional Markets and Robust Emerging Demand](https://imgqn.smm.cn/production/admin/votes/imagesiqWEj20240311161746.jpeg)
[SMM Analysis] China's Zinc Concentrate Import Window Remains Open, January Imports Set to Stay High
SMM Analysis：According to the latest customs data, China imported 462,500 mt in physical content of zinc concentrates in December 2025, down 10.87% (56,400 mt in physical content) MoM from November, but up 1.15% YoY. Cumulative zinc concentrate imports for January-December totaled 5.3305 million mt in physical content, up 30.1% YoY......
Jan 20, 2026 14:41
![[SMM Analysis] China's Zinc Concentrate Import Window Remains Open, January Imports Set to Stay High](https://imgqn.smm.cn/production/admin/news/cn/thumb/ulXYWdqBsTfPSImAeYVe20170628015555.jpg?imageView2/1/w/176/h/110/q/100)
[SMM Analysis] Review of China's Ternary Cathode Materials Competitive Landscape in 2025
NCM 6-series materials solidified their dominant position within China's EV battery market. Capitalizing on this market shift, several domestic cathode material producers focusing on the mid-to-high nickel segment delivered outstanding performances. Simultaneously, the overseas ternary market maintained its focus on high-nickel materials.
Jan 20, 2026 14:17
Zambian Government Delegation Visits SMM to Explore Strategic Cooperation in Energy & Minerals
On January 17, a high-level delegation of 10 officials from key Zambian government institutions—including the Zambia National Assembly, Ministry of Energy, Ministry of Finance, and Zambia Electricity Supply Corporation (ZESCO) — visited Shanghai Metals Market (SMM).
Jan 20, 2026 13:25
[SMM Analysis] HRC 2025: Breaking Through the "Ice and Fire," Sounding the Rebound Horn in 2026?
Throughout the year, HRC prices experienced high volatility in Q1, a sharp decline and bottoming out in Q2, a strong rally driven by macro tailwinds such as "anti-involution" in Q3, followed by a retreat from highs, and finally ended with rangebound fluctuations in Q4.
Jan 20, 2026 10:37
![[SMM Analysis] HRC 2025: Breaking Through the "Ice and Fire," Sounding the Rebound Horn in 2026?](https://imgqn.smm.cn/production/admin/news/cn/thumb/eXRqC20180420140958.jpeg?imageView2/1/w/176/h/110/q/100)
[SMM Analysis] Explosion at Bao Gang United Steel Poses Little Threat to Rare Earth Supply, Fundamentals Unaffected
On January 18, 2026, at 15:03, a significant explosion occurred at the rare earth steel plate plant of Bao Gang United Steel. As a key enterprise in China’s rare earth industry, the incident sparked global concerns about rare earth supply and raised expectations of a new round of price increases. However, a comprehensive analysis of the accident’s nature, industry chain structure, and market mechanisms indicates that the impact on rare earth supply is limited and unlikely to substantially affect price trends.
Jan 19, 2026 17:53
![[SMM Analysis] Explosion at Bao Gang United Steel Poses Little Threat to Rare Earth Supply, Fundamentals Unaffected](https://imgqn.smm.cn/production/admin/news/cn/thumb/iDsTT20180621153807.png?imageView2/1/w/176/h/110/q/100)
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