Affected by the sharp decline in global lithium prices, the Ghanaian government has announced that it will review the terms of the cooperation agreement for the Ewoya lithium mine project, as the economic feasibility of the project is facing severe challenges.

This week, the ferrous metals series market followed a similar trend to that of previous weeks. The night session on Wednesday saw a strong upward rally, with finished steel breaking through previous resistance levels and continuing to fill the gap from early April. Prices experienced a correction at the beginning of the week. In the latter half of the week, market rumors emerged about production restrictions ranging from 30% to 50% in the coking industry in the Wuhai region. Additionally, Indonesia planned to impose export tariffs, and there was a second round of coke price increase proposals scheduled for next week. Coking coal and coke continued to lead the gains in the ferrous metals series market. Meanwhile, amid the off-season, the continuous inventory reduction of finished steel provided support for the market...

As of Friday this week, in northern ports: Australian lump ore was priced at 39.7-40.2 yuan/mtu, up 0.50% WoW from last Friday; South African semi-carbonate ore was priced at 33.9-34.4 yuan/mtu, up 0.29% WoW from last Friday; Gabonese ore was priced at 38-38.8 yuan/mtu, up 0.26% WoW from last Friday; South African high-iron ore was priced at 29.3-29.6 yuan/mtu, unchanged WoW from last Friday; and South African medium-iron ore was priced at 33.7-34.2 yuan/mtu, up 0.59% WoW from last Friday. In southern ports: Australian lump ore was priced at 39.7-40.2 yuan/mtu, up 0.50% WoW from last Friday; South African semi-carbonate ore was priced at 34-34.5 yuan/mtu, up 0.29% WoW from last Friday; Gabonese ore was priced at 38.8-39.3 yuan/mtu, unchanged WoW from last Friday; South African high-iron ore was priced at 28.7-29.2 yuan/mtu, up 0.7% WoW from last Friday; and South African medium-iron ore was priced at 34-34.5 yuan/mtu, up 0.59% WoW from last Friday. The manganese ore market has recently been fluctuating at highs, with offers remaining firm and spot prices expected to rise steadily in the short term. The specific reasons are as follows...

[SMM Weekly Chrome Review: Ferrochrome Quotations Remain Stable, Chrome Ore Market Operates Steadily] On July 18, 2025: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia is 7,800-7,900 yuan/mt (50% metal content), unchanged from the previous trading day...

[SMM Daily Briefing on Coal and Coke] In terms of supply, downstream buyers have been actively procuring, and coke producers have seen good shipments, with coke inventory remaining at a low level. However, coke producers have recently been operating at a loss, with production restrictions in place. Moreover, due to stricter environmental protection measures in the Wuhai region, production restrictions have been intensified. Demand side, steel mill profits have been favorable, with operating rates maintained at a relatively high level. There is a rigid demand for coke from steel mills, and with traders diverting some of the supply, some steel mills are urging for faster deliveries. In summary, the supply of coke has begun to tighten, and cost support remains strong. The coke market may continue to hold up well in the short term, with expectations of further price increases next week.