Today's news: the Yangshan copper premium rose sharply in April * the Iranian president launched the SALCO aluminum smelter * the price of cobalt salt may have limited room to fall.

Published: Apr 27, 2020 09:19

Macro news

[special topic] under the raging epidemic, the blockade measures of various countries extend the relaxation of VS restrictions and are in progress at the same time.

The Ministry of Industry and Information Technology organized a video conference on the analysis of the operation situation of the industrial industry in the first quarter.

Metal news

Copper premium in Yangshan rose sharply in April [SMM analysis] it is difficult to maintain a high level of pressure on both sides of supply and demand in May

[SMM analysis] leading enterprises plan to reduce cobalt salt production, the price of cobalt prices may be limited.

Nickel bean autolytic VS battery grade nickel sulfate which is more economical? [SMM analysis] Nickel bean autolysis nickel sulfate battery grade nickel sulfate is more economical?

[SMM Thread] 26 Sunday the spot market is more stable than the cold quotation.

Copper and aluminum exports from Egypt fell 10 per cent in the first quarter from a year earlier

Aluminum production in the first quarter of 2020 was 940000 tons, 0.9 per cent lower than the previous quarter.

Iran's President starts SALCO Aluminium smelter with an annual output of 300000 tons

Application for extension of special mining rights in Bogla Gold Mine, Zijin Mining Industry, has not been approved

Related news

The three ministries and commissions have stepped in to extend the tax exemption for new energy vehicles and need the cooperation of local governments.

Oil stocks have given the world a headache! Experts say negative oil prices are a clear warning

 

Click to sign up for the SMM "2020 (15th) lead and Zinc Summit"

Scan the QR code to sign up for the lead and zinc summit and fill in the personal information at the end of the page, and the conference staff will contact you later!

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Fed's Waller: Ready to Cut Rates if Labor Market Weakens, Cautious on Inflation Risks
Mar 21, 2026 16:40
Fed's Waller: Ready to Cut Rates if Labor Market Weakens, Cautious on Inflation Risks
Read More
Fed's Waller: Ready to Cut Rates if Labor Market Weakens, Cautious on Inflation Risks
Fed's Waller: Ready to Cut Rates if Labor Market Weakens, Cautious on Inflation Risks
US Fed Governor Christopher Waller said on Friday that if signs of weakness emerged in the labor market, he would again support an interest rate cut later this year, while remaining alert to the inflationary pressures that the current geopolitical situation may bring.Waller noted that a closure of the Strait of Hormuz signaled greater inflationary pressure, and that higher oil prices could ultimately affect core inflation. He stressed that the current cautious stance did not mean there would be no action for the rest of the year.His remarks sent an important signal to the market—that the window for an interest rate cut had not closed, provided that employment data showed clear weakening.
Mar 21, 2026 16:40
IRGC: US Carrier Ford's Deployment and Withdrawal Reflects "Desperate and Humiliating" Reality for US, Israel
Mar 21, 2026 16:39
IRGC: US Carrier Ford's Deployment and Withdrawal Reflects "Desperate and Humiliating" Reality for US, Israel
Read More
IRGC: US Carrier Ford's Deployment and Withdrawal Reflects "Desperate and Humiliating" Reality for US, Israel
IRGC: US Carrier Ford's Deployment and Withdrawal Reflects "Desperate and Humiliating" Reality for US, Israel
According to Xinhua News Agency, the Islamic Republic News Agency reported on the 20th that the Islamic Revolutionary Guard Corps issued a statement saying that, despite extensive attention from Western media, the US Navy aircraft carrier Ford was deployed to the West Asia region but failed to provide support for US forces there and instead withdrew from the battlefield, reflecting the “desperate and humiliating” reality facing the US and Israel.
Mar 21, 2026 16:39
US Treasury Secretary Bessent: SPR Release Complexity and Limits Amid Oil Price Stabilization Efforts
Mar 21, 2026 16:38
US Treasury Secretary Bessent: SPR Release Complexity and Limits Amid Oil Price Stabilization Efforts
Read More
US Treasury Secretary Bessent: SPR Release Complexity and Limits Amid Oil Price Stabilization Efforts
US Treasury Secretary Bessent: SPR Release Complexity and Limits Amid Oil Price Stabilization Efforts
US Treasury Secretary Bessent claimed that the Strategic Petroleum Reserve (SPR) could be tapped again to suppress oil prices, but the reality was far more complex than this statement suggested—the reserve level was already close to the statutory minimum, and physical safety constraints left extremely limited room for any further release.Last week, Bessent said that the US had participated in the largest internationally coordinated SPR release operation to date, totaling 400 million barrels, and warned that, if necessary, the US could once again unilaterally release reserves to stabilize oil prices.
Mar 21, 2026 16:38