All in all, the policy pivot on July 30 is not an isolated event, but rather a strategic move under the broader umbrella of the Trump administration’s “manufacturing reshoring” agenda. The resulting spread volatility, collapse of arbitrage flows, and rerouting of global shipments represent a structural correction to both market expectations and resource allocation mechanisms. More importantly, this event lays the groundwork for long-term shifts in copper industry dynamics, regional competition, and global policy risks.

To better serve our customers and enhance the efficiency of the SMM database, we will optimize and adjust the existing classification of the non-ferrous database in June 2025. This adjustment will not involve any changes to the data.

Dear Visitors, We would like to inform you that updates to the news and price sections of our English website will be temporarily suspended during the upcoming Chinese New Year holidays.

We would like to inform you that due to the upcoming Labour Day holiday,  all of our news updates will be temporarily suspended during May 1-5 and all of our weekly reports for the Labour Day holiday week will also be temporarily cancelled.

The CSPT Working Group convened its first quarter general manager's office meeting in Shanghai on March 28, 2024. After discussion, the meeting reached the following five consensuses:

Dear SMM Users,  As we approach the time to bid adieu to the old year and celebrate the Spring Festival, we adhere to the national statutory holidays and our policy of not issuing quotes on weekends.

As the Chinese New Year approaches, we at Shanghai Metals Market extend our warmest wishes to you and your families. May this festive season bring you joy, prosperity, and success.

As the LME Asia Week is in full swing, SMM will jointly hold a FREE seminar with Orient Futures whose theme is "Green Energy & Non-Ferrous Metals Outlook".