Base Metal Spot Discounts Narrow due to Tightening Cash Flows, Rare Earth Prices Up

Jan 10, 2013 10:19

Source:SMM

Spot discounts of base metals narrowed due to tightening cash flows after the New Year’s Day holiday.

SHANGHAI, Jan. 8 (SMM) – Spot discounts of base metals narrowed due to tightening cash flows after the New Year’s Day holiday. SMM quotes for #1 copper discounts were RMB 60-150/mt, A00 aluminum ingot were RMB 10-50/mt, and #0 zinc were RMB 300-320/mt.

Besides, rare earth prices also changed recently. According to SMM quotes, prices for praseodymium-neodymium alloy were up RMB 5,000/mt, to RMB 390,000-395,000/mt, a rise of 1.3%. Some rare earth downstream producers purchased modestly leading up to the Chinese New Year holiday, and cargo holders are optimistic towards the market after the holiday. SMM took a cautious attitude.

SMM released 10 articles to review the base metal industry in 2012.

Preview on January 9: Reserves Purchase by SRB Boosts the Market

SMM selects original hot topics today to present you industrial focuses around the world and price movements.

base metals

rare earth prices

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Base Metal Spot Discounts Narrow due to Tightening Cash Flows, Rare Earth Prices Up

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025