To better serve as a benchmark for spot prices in the nickel, cobalt, manganese, and new energy industries, and to assist the market in optimizing order signing mechanisms, SMM, after a period of consolidation and market survey, plans to advance the release time of some prices starting from March 24, 2025

Official Announcement

Dear Customers, Greetings! To more accurately and effectively reflect the market fluctuations of domestic ferrochrome and chrome ore, and to better serve customers in the chrome industry chain, SMM plans to officially launch 15 new price points related to imported high-carbon ferrochrome, domestically produced low and micro-carbon ferrochrome, and imported chrome ore on January 3, 2025: South African high-carbon ferrochrome, Indian high-carbon ferrochrome, Kazakhstani high-carbon ferrochrome, Inner Mongolia medium-carbon ferrochrome (FeCr55C200), Inner Mongolia micro-carbon ferrochrome (FeCr55C10), Inner Mongolia micro-carbon ferrochrome (FeCr55C3), South African 42-44% chrome concentrate (Tianjin Port), Zimbabwean 48-50% chrome concentrate ore (Tianjin Port), Pakistani 40-42% chrome lump ore (Tianjin Port), Albanian 40-42% chrome lump ore (Tianjin Port), South African 40-42% chrome concentrate ore (Qinzhou Port), South African 42-44% chrome concentrate ore (Qinzhou Port), South African 40-42% raw chrome ore (Qinzhou Port), South African 36-38% chrome lump ore (Qinzhou Port), Zimbabwean 48-50% chrome concentrate ore (CIF……

Dear Customers, Greetings! To provide more accurate and effective feedback on the domestic chrome ore market trends and better serve customers in the chrome industry chain, as well as to enhance the reference value of price quotations, SMM plans to officially launch daily CIF price points for chrome ore on December 25. A total of five new price points will be added: South Africa 40-42% chrome concentrate ore (CIF), South Africa 38% chrome lump ore (CIF), South Africa 40-42% raw chrome ore (CIF), Turkey 40-42% chrome lump ore (CIF), and Turkey 46-48% chrome concentrate ore (CIF).

Overnight, LME copper opened at $9,053/mt, initially dipped to a low of $9,032/mt, and then climbed steadily to an intraday high of $9,109.5/mt.

Without noticing it, nearly half of 2024 has passed. Looking back at the lithium carbonate market since the beginning of the year has been tumultuous. Since the beginning of the year, the price of battery-grade lithium carbonate has risen from 96,900 RMB/ton to a high of 113,000 RMB/ton, and then experienced a downward trend in recent days after nearly two months of market fluctuations.