News

Cornish Metals Plc announced on Thursday that the US Export-Import Bank has issued a letter of interest for financing of up to $225 million to support the development of the South Crofty mine. The financing is subject to the explicit condition that the mine must supply tin ore to the US.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 05 Feb , 2026

[SMM Tin Midday Review: SHFE Tin Contract Fell 7% Today, Macro Pullback Coupled with Holiday Impact Limited Overall Demand Recovery]

Texas Instruments (TXN.O) has agreed to acquire chipmaker Silicon Labs for $7.5 billion. According to a joint statement released by the two companies, shareholders of Silicon Labs will receive $231 in cash per share. The transaction is expected to be completed in H1 2027. Silicon Labs' chips are widely used in smart home devices, industrial automation, battery ESS, and commercial lighting, among other fields. Through this acquisition, Texas Instruments demonstrates its continued focus on its core business. Last week, the world's largest analog chip manufacturer issued a surprisingly strong sales guidance, indicating that demand from industrial clients and automakers is recovering. Due to its significant role in the global supply chain, Texas Instruments has, to some extent, become a barometer of the overall economy, reflecting enterprises' confidence in future sales prospects.

Nasdaq is considering introducing a "fast entry" rule to accelerate the inclusion of newly listed large companies. The proposed amendment would allow newly listed firms to join the Nasdaq-100 Index after just 15 trading days, significantly shorter than the current waiting period of at least three months. This move aims to make the index more reflective of the market in a timely manner. In the current environment, enterprises often delay their listings for years, and once they enter the public market, they release substantial market capitalization. Companies expected to go public this year include SpaceX, which could reach a potential valuation of $1.3 trillion, making it one of the largest companies by market value in the Nasdaq-100 Index. The "fast entry" rule is part of an industry consultation proposal, with discussions expected to conclude later this month. If approved by the Nasdaq Index Committee after the consultation period, the adjustment will take effect following the quarterly rebalancing in March.

Guo Shougang, Deputy Director General and First-Level Inspector of the First Department of Equipment Industry at the Ministry of Industry and Information Technology, stated at a special press conference held by the State Administration for Market Regulation on the 4th that the Ministry of Industry and Information Technology will continue to thoroughly implement the requirements of the National Standardization Development Outline and the NEV Industry Development Plan (2021–2035), among others. It will accelerate the development of key standards in areas such as driving automation, crash safety, and control components, promoting the enhancement of automotive safety levels and quality performance through standard upgrades, thereby laying a solid foundation for the high-quality and sustainable development of the industry.

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Rose Slightly During the Night Session Before Fluctuating Downward, While Market Willingness to Pick Up Goods Showed Some Rebound]

Intel (INTC.O) CEO Chen Liwu stated that the memory chip shortage in the computer industry is likely to persist for at least two years. He said on Tuesday, "To my knowledge, there are no mitigation measures in place at the moment." Chen Liwu mentioned that he had spoken with two key figures in the memory field, who told him, "There will be no relief until 2028." The massive infrastructure development for artificial intelligence has significantly increased the demand for memory chips, which has reduced the supply of chips available for traditional computers and smartphones. This has led to chip shortages and price increases—potentially dampening consumer willingness to purchase these products. Chen Liwu also pointed out that Nvidia, as a leading supplier of AI processors, will further drive up memory demand with its latest Rubin platform and next-generation products, noting that AI will "consume a vast amount of memory.

On February 3, Li Yuecheng, Secretary of the Party Leadership Group and Minister of the Ministry of Industry and Information Technology, presided over a Party group meeting. The meeting emphasized the need to strengthen overall planning and forward-looking layout. It is essential to improve the mechanisms for technology foresight, prediction, and investigation, enhance the exploration of multiple technology pathways, and establish a tiered layout for future industries based on technological maturity and market application levels. The construction of pilot zones for future industries should be advanced in an orderly manner, guiding different regions to develop according to local conditions and avoid overlapping development. It is crucial to enhance the supply of science and technology for future industries. Leveraging the advantages of the new-type national system, efforts should be made to deeply implement national major science and technology projects and key R&D programs, systematically plan for original and pioneering technology breakthroughs, and promote advancements in areas such as 6G, quantum technology, bio-manufacturing, hydrogen energy, brain-computer interfaces, and embodied AI. Large-scale application demonstrations of new technologies, products, and scenarios in manufacturing should be carried out, accelerating the maturation of cutting-edge technologies through the large-scale opening and application of scenarios.

[SMM Tin Morning News: The most-traded SHFE tin contract opened slightly higher in the night session and maintained a high-level sideways trend, with spot cargo transaction willingness showing initial signs of rebound]

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

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Erases Half-Month's Gains in Two Days, Spot Market Trading Recovers]

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Extended Its Sharp Decline During the Night Session, While the Spot Market Slightly Recovered Due to Price Stimulation]

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