The 2021 China Rare Earth Permanent Magnets Market Application & Development Forum organised by SMM was held from September 23 – 24 in Anhui, Hefei, which gathered senior executives, industrial veterans and elites from the rare earth industry to discuss the development on the back of dual-carbon strategy with focus on industry policies, price trends and end applications.

Following the establishment of the Singapore office on September 1, 2017, Shanghai Metals Market has established a new overseas office in London in May 2021.

Leaders of the United States, Japan, Australia and India would determine relevant responses to China at an online summit held on March 12 in order to reduce the dependence on China’s rare earth, according to media reports. This meeting was reportedly to be the highest-level meeting so far in the "Quadruple Security Dialogue" among the US, Japan, India and Australia.

Prices of rare earths have skyrocketed over the recent months. For instance, listed prices of terbium oxide soaring 500,000 yuan/mt to 5.8 million yuan/mt at end-November 2020. The soaring prices of rare earths is mainly due to the rapidly increasing demand while supply remains tight. In 2021, the prices of rare earth products are likely to be strongly supported by demand and remain firm.

Publishing schedule for CNY 2021

SMM International Pte Ltd, a subsidiary of the Shanghai Metals Market (SMM), has won the Outstanding Commodity Business Partner Award for the second consecutive year in the Hong Kong Exchanges and Clearing's (HKEX) Base Metals Awards 2020.

China will adjust the most favored nation (MFN) rate, conventional tariff and provisional tariff on some commodities from January 1, 2021, the Customs Tariff Commission of China’s State Council said on Wednesday December 23.

China has adopted a new energy security strategy, vowing to promote reforms in energy supply and consumption, market building and innovation while strengthening international cooperation, according to a white paper released Monday

The annual Central Economic Work Conference was held in Beijing from last Wednesday to Friday, as Chinese leaders charted course for the economy in 2021.

Despite the ongoing COVID-19 pandemic and the possible impact of de-globalization, the metals market is likely to face new challenges, especially in the scrap sector, according to commodities veteran Andy Homes.