Announcements About Us Download APP

Sign In

News

Exclusive analysis article with latest market updates, and in-time news feeds.

The silver price’s blistering rally came to an abrupt halt on Friday as XAG/USD collapsed by almost 30%, briefly plunging from Thursday’s record high above $120 to near $83.

Feb 2, 2026 15:52

Silver Price Forecast: 30% Historic CRASH - Buy The Dip Or Run?

[SMM Analysis] Tungsten Inventory Depletion in Europe Triggers Panic Buying, Accelerating Global Price Uptrend

Last week, surging European tungsten prices, driven by low inventories and panic buying, highlighted a severe supply-demand imbalance. While the scrap market sees a global shift due to high Asian premiums, EQR’s progress in Spain and Australia is strategically reshaping the non-Chinese supply landscape. Despite post-Lunar New Year caution, the upward price trend remains firm.

Feb 2, 2026 16:35

[SMM Conference] Join Industry Leaders & Navigate Green Transition at the GRMI 2026 in Tokyo this May

Shanghai Metals Market (SMM) is thrilled to announce that the 2026 (3rd) Global Renewable Metal Industry Summit will be held in Tokyo, Japan, on May 11-12, 2026, to promote industry exchange and cooperation against the backdrop of the global push for sustainable development and resource recycling.

Feb 2, 2026 10:41

[SMM Analysis] January Lithium Carbonate Market: A Roller Coaster Ride Fueled by Sentiment & Pre-holiday Buying

[SMM Analysis] In the first month of 2026, the lithium carbonate market experienced a retreat after a rapid rise.

Jan 30, 2026 19:03

[SMM Analysis] Reshaping Cu Cons Trade Flows: China's New Raw Material Strategy Landscape Amid Geopolitical Chessboard

[SMM Analysis: Reshaping Cu Cons Trade Flows: China's New Raw Material Strategy Landscape Amid Geopolitical Chessboard] According to data from the General Administration of Customs, China imported 2.704 million dmt of copper ore and concentrates in December 2025, a month-on-month increase of 7% and a year-on-year increase of 7.2%. From January to December, China’s cumulative imports of copper ore and concentrates reached 30.365 million dmt, a cumulative year-on-year increase of 7.8%.

Jan 31, 2026 23:05

In early 2026, India's PV market exhibited a unique "dual-track" pricing characteristic for modules, driven by policy barriers and local capacity ramp-up.

Jan 30, 2026 18:54

SMM Analysis：As of January 30, the most-traded SHFE zinc contract closed at 25,835 yuan/mt, up 2,525 yuan/mt for the month, a gain of 10.83%. Zinc prices rose significantly in January, hitting a low of 23,410 yuan/mt early in the month and reaching a high of 26,985 yuan/mt by month-end, with the overall price center shifting notably higher. With the Chinese New Year holiday approaching, how will zinc prices perform in February......

Jan 30, 2026 17:42

All Copper Aluminum Lead Zinc Tin Nickel New Energy Photovoltaic Ferrous Metals Rare Earth Scrap Metals Minor-Metals Precious Metals Automotive Others

Spot orders for refined lead are sparse in quantity, and smelters have halted production for holidays due to loss pressures. [SMM Secondary Refined Lead Weekly Review]

Data: SHFE, DCE market movement (Feb 06)

Procurement Efforts by Downstream Enterprises Weaken, Secondary Lead Finished Product Inventories Expected to Shift to an Upward Trend Next Week [SMM Secondary Lead Inventory Weekly Review]

Weekly Review of Lead Futures Prices (Feb 2, 2026–Feb 6, 2026) [SMM Lead Weekly Review]

SHFE Lead Forms M-Shaped Pattern, Records Six Consecutive Declines [Lead Futures Brief Review]

Supply and demand fundamentals were weak before the holiday, lead prices are expected to remain weak next week [SMM Weekly Lead Market Forecast]

Lead-Acid Battery Market Sees Increasing Chinese New Year Atmosphere, Producers Begin Holidays [SMM Lead-Acid Battery Weekly Operation Comment]

Lead Prices Fluctuated Downward, Lead-Acid Battery Enterprises Conducted Final Stockpiling [SMM Lead-Acid Battery Market Weekly Review]

Suppliers Sold Goods at Large Discounts, Primary Lead Enterprise Plant Inventory Dropped Nearly 20,000 mt Weekly [SMM Primary Lead Inventory Weekly Review]

Waste Lead-Acid Battery Prices Fluctuate at Lows, Secondary Crude Lead Market Trading Sluggish [SMM Scrap Battery & Secondary Crude Lead Weekly Review]

Weekly Brief Review of the Lead Concentrate Market (February 02, 2026 - February 06, 2026) [SMM Lead Concentrate Weekly Review]

Lead prices were in the doldrums this week as downstream consumers gradually went on holiday and consumption weakened [SMM Refined Lead Spot Market Weekly Review].

SMM Weekly Operating Rate of Primary Lead Smelters (January 30, 2026–February 5, 2026) [SMM Weekly Review of Primary Lead Operating Rates]

SMM Weekly Operating Rate of Secondary Lead Smelters (January 30-February 5, 2026) [SMM Lead Weekly Review]

[SMM Conference] Secure Chinese New Year Special Offer for GRMI2026 & Navigate Global Green Transition Together

[SMM Conference] Secure Chinese New Year Special Offer for GRMI2026 & Navigate Global Green Transition Together

Shanghai Metals Market (SMM) is thrilled to announce that the 2026 (3rd) Global Renewable Metal Industry Summit will be held in Tokyo, Japan, on May 11-12, 2026, to promote industry exchange and cooperation against the backdrop of the global push for sustainable development and resource recycling.

Lead Ingot Inventory Accumulates, Lead Price Center Shifts Downward [SMM Lead Morning News]

[SMM Lead Morning Brief: Lead Ingot Inventory Accumulates, Lead Price Center Shifts Downward] SMM February 6 News: Overnight, LME lead opened at $1,968.5/mt. With limited fundamental support, LME lead continued to fluctuate downward throughout the day...

Supply and Demand Were Both Weak Before the Holiday, and Lead Prices Are Expected to Continue in the Doldrums [SMM Lead Morning Meeting Minutes]

[SMM Lead Morning Meeting Minutes: Pre-Holiday Supply-Demand Weakness, Lead Prices Expected to Remain in the Doldrums] US December JOLTS job openings hit a more than five-year low, falling far short of expectations. As the Chinese New Year holiday approaches, migrant workers began returning to their hometowns, and production workshops at some small and medium-sized lead-acid battery enterprises gradually shut down this week.

Data: SHFE, DCE market movement (Feb 05)

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

Feb 5, 2026 15:57

SHFE Lead Continued to Weaken, Recording Five Consecutive Declines [Lead Futures Brief Review]

Feb 5, 2026 15:20

Chinese Smelter Halts Operations for New Year, Resumes in Late Feb-Early Mar

[Secondary Lead Market Dynamics] A small secondary lead smelter in Central China indicated that after 2–3 days of production to complete long-term contract deliveries, it will halt operations for the Chinese New Year holiday, with production resumptions expected around late February to early March.

Feb 5, 2026 11:47

Silver Price Forecast: 30% Historic CRASH - Buy The Dip Or Run?

The silver price’s blistering rally came to an abrupt halt on Friday as XAG/USD collapsed by almost 30%, briefly plunging from Thursday’s record high above $120 to near $83.

Feb 2, 2026 15:52

[SMM Analysis] Tungsten Inventory Depletion in Europe Triggers Panic Buying, Accelerating Global Price Uptrend

Feb 2, 2026 16:35

[SMM Conference] Join Industry Leaders & Navigate Green Transition at the GRMI 2026 in Tokyo this May

Feb 2, 2026 10:41

[SMM Analysis] January Lithium Carbonate Market: A Roller Coaster Ride Fueled by Sentiment & Pre-holiday Buying

Jan 30, 2026 19:03

[SMM Analysis] Reshaping Cu Cons Trade Flows: China's New Raw Material Strategy Landscape Amid Geopolitical Chessboard

Jan 31, 2026 23:05

[SMM Analysis] India PV Market Observation: DCR Module Premium Pulls Back, Price Trend Returns to Cost Logic

Jan 30, 2026 18:54

[SMM Analysis] Zinc Prices Hit Over Three-Year High in January, How Will They Perform in February?

Jan 30, 2026 17:42

Spot orders for refined lead are sparse in quantity, and smelters have halted production for holidays due to loss pressures. [SMM Secondary Refined Lead Weekly Review]

Data: SHFE, DCE market movement (Feb 06)

Procurement Efforts by Downstream Enterprises Weaken, Secondary Lead Finished Product Inventories Expected to Shift to an Upward Trend Next Week [SMM Secondary Lead Inventory Weekly Review]

Weekly Review of Lead Futures Prices (Feb 2, 2026–Feb 6, 2026) [SMM Lead Weekly Review]

SHFE Lead Forms M-Shaped Pattern, Records Six Consecutive Declines [Lead Futures Brief Review]

Supply and demand fundamentals were weak before the holiday, lead prices are expected to remain weak next week [SMM Weekly Lead Market Forecast]

Lead-Acid Battery Market Sees Increasing Chinese New Year Atmosphere, Producers Begin Holidays [SMM Lead-Acid Battery Weekly Operation Comment]

Lead Prices Fluctuated Downward, Lead-Acid Battery Enterprises Conducted Final Stockpiling [SMM Lead-Acid Battery Market Weekly Review]

Suppliers Sold Goods at Large Discounts, Primary Lead Enterprise Plant Inventory Dropped Nearly 20,000 mt Weekly [SMM Primary Lead Inventory Weekly Review]

Waste Lead-Acid Battery Prices Fluctuate at Lows, Secondary Crude Lead Market Trading Sluggish [SMM Scrap Battery & Secondary Crude Lead Weekly Review]

Weekly Brief Review of the Lead Concentrate Market (February 02, 2026 - February 06, 2026) [SMM Lead Concentrate Weekly Review]

Lead prices were in the doldrums this week as downstream consumers gradually went on holiday and consumption weakened [SMM Refined Lead Spot Market Weekly Review].

SMM Weekly Operating Rate of Primary Lead Smelters (January 30, 2026–February 5, 2026) [SMM Weekly Review of Primary Lead Operating Rates]

SMM Weekly Operating Rate of Secondary Lead Smelters (January 30-February 5, 2026) [SMM Lead Weekly Review]

[SMM Conference] Secure Chinese New Year Special Offer for GRMI2026 & Navigate Global Green Transition Together

Lead Ingot Inventory Accumulates, Lead Price Center Shifts Downward [SMM Lead Morning News]

Supply and Demand Were Both Weak Before the Holiday, and Lead Prices Are Expected to Continue in the Doldrums [SMM Lead Morning Meeting Minutes]

Data: SHFE, DCE market movement (Feb 05)

Feb 5, 2026 15:57

SHFE Lead Continued to Weaken, Recording Five Consecutive Declines [Lead Futures Brief Review]

Feb 5, 2026 15:20

Chinese Smelter Halts Operations for New Year, Resumes in Late Feb-Early Mar

Feb 5, 2026 11:47