As of now, the FOB price of Indonesian MHP nickel is $12,516/mt Ni (metal content), and the FOB price of Indonesian MHP cobalt is $21,277/mt (metal content) of refined cobalt.

On August 8, the SMM battery-grade nickel sulphate index price was 27,212 yuan/mt, with the quotation range for battery-grade nickel sulphate being 27,190-27,690 yuan/mt, and the average price remaining unchanged from yesterday.

[SMM Tin Midday Review: SHFE Tin Continues to Fluctuate at Highs, with Expectations for US Fed Interest Rate Cut Continuing to Fester as Core Support] On the afternoon of August 8, 2025, the most-traded SHFE tin contract (SN2509) closed at 268,020 yuan/mt, up approximately 490 yuan from the previous day's settlement price, representing a 0.18% increase. Prices fluctuated at highs during the day, with the trading range narrowing to 267,260-268,790 yuan/mt. Market sentiment was cautious, with downstream order volumes remaining low. Meanwhile, the LME tin contract pulled back slightly to around $33,720 in the early Asian session, reflecting overseas bullish sentiment being disrupted by both macro policies and inventory divergence.

Today, spot #1 copper cathode in North China traded at a discount of 140 yuan/mt to 100 yuan/mt against the front-month contract, with an average discount of 120 yuan/mt, unchanged from the previous trading day. The transaction prices ranged from 78,240 yuan/mt to 78,340 yuan/mt, with an average price of 78,290 yuan/mt, up 20 yuan/mt from the previous trading day.

Since the beginning of this year, the open-pit mine of Bensteel Mining has faced unfavourable factors such as narrowing mining operation areas, harsh natural environments in the mines, increasing mining difficulties, heavy rainfall during the flooding season, significant changes in extreme weather conditions, and high temperatures. However, it has closely adhered to the production and operation philosophy of "benefit-centered" and the working principles of "accounting-based management" and "accounting-based production," thoroughly implementing the spirit of General Secretary Xi Jinping's important speech during his field trip to Liaoning and Bensteel Group of Ansteel Group.

On August 8, 2025: Recently, the Minerals Marketing Corporation of Zimbabwe (MMCZ) announced that it would consult with the Ministry of Mines to promote a comprehensive ban on the export of raw chrome ore, aiming to boost investment in domestic mineral deep processing...

In July, the global tungsten market saw another rally, with domestic and international tungsten prices hitting new highs. Among them, tungsten concentrate prices rose by 11.2% in July, ammonium paratungstate (APT) by 13.7%, tungsten carbide powder by 13.3%, tungsten powder by 13.8%, and ferrotungsten by 13.6%. In Europe, sodium paratungstate closed at $460-490 per ton-unit at the end of July, up 2.7% month-on-month. European ferrotungsten closed at $55-59.6 per kilogram of tungsten at the end of July, a 10.7% increase from the start of the month.