Summary of important non-ferrous information: processing fees for fine waste copper rods have been greatly narrowed * the gap between supply and demand of alumina has been widened * zinc prices have risen again and procurement has decreased downstream.

Published: Sep 19, 2020 12:15
Summary of important non-ferrous information: Ministry of Commerce: "unreliable entity list regulations" has been approved by the State Council * processing fees for refined copper rods are significantly narrowed and may be further narrowed in the future * cable orders continue to weaken gold, gold, silver and silver are expected to fail * alumina supply and demand gap expands in the short term or may usher in a small rise in the dawn * consumption doubts about spot transactions of zinc ingots in Tianjin in September peak season * Zinc prices rise back downstream. Procurement reduction galvanized stable die-casting orders steadily rising * bidding prices of metal manganese in steel mills at home and abroad rose significantly from September to October * rare earth market continues to decline under pressure and price stalemate

Metal news

Ministry of Commerce: regulations on the list of unreliable entities have been approved by the State Council

Ministry of Commerce: authoritative experts answer reporters' questions on the regulations on the list of unreliable entities

[SMM Analysis] the processing fee of fine waste copper rod has been greatly reduced and may be further narrowed in the future.

[copper weekly survey feedback] Cable orders continue to weaken, gold, gold, silver and ten are expected to fail.

Investigation report on Electrolytic Aluminum in Yunnan Province in September [SMM Analysis]

[SMM analysis] the gap between supply and demand of alumina may increase slightly in the short term.

[SMM Analysis] the spot stock of Guangdong aluminum ingots remains strong and the price gap between Guangdong and Shanghai widens greatly.

Review on the processing fee of lead concentrate on September 18, 2020 [SMM Review]

Doubt on consumption in the peak season in September. The spot transaction of zinc ingots in Tianjin is poor.

[SMM analysis] Zinc 2010 contract position in the period is still historically high structural opportunity or there is still room for it.

[SMM Survey] Zinc prices rise again downstream Purchasing reduces galvanizing stable Die casting orders steadily rising

[SMM data] the bidding price of manganese metal in steel mills at home and abroad increased significantly from September to October.

[SMM analysis] can the high price of battery-grade nickel sulfate maintain the shortage of supply and demand in the future?

The rare earth market continues to be under pressure and the price is falling in the stalemate.

[SMM Hot Rolling Weekly] "every nine must fall" has been cashed in next week's prices or to meet the overfall rebound?

[SMM investigation] the operating rate of lead-acid battery consumption is only slightly lower in half a week.

Li Ruige Metal plans to build a project with an annual output of 300000 tons of recycled aluminum in Wenxi County, Shanxi Province.

The group standard "process Design Standard for recycled Aluminum Plant" was approved and issued.

Copy the lithium battery market? A list of the core targets for fuel cells to meet the policy of strong catalysis

An exclusive interview with BYD Wu Haiping: Silicon carbide production capacity is climbing to meet the production needs of BYD Han.

[SMM data] inventory in the bonded area of pure nickel on September 18: imports continue to lose money, foreign traders' willingness to hoard goods in the bonded area is low and the stock is flat for the fourth week in a row.

Pure Nickel domestic Social inventory: pure Nickel imports very little this week. Bargain-hunting consumption of warehouse receipts in the lower reaches of the country. Social inventory of warehouse receipts has fallen again.

SMM Alumina Weekly Review (0914-0918): domestic trade inquiries increased overseas prices rebounded slightly

Weekly review of laterite nickel trading: the rainy season is approaching the nickel mining period, the ship has been out until November, the supply of negotiable goods is tight to stimulate the nickel mine to continue to jump.

Weekly Review of Nickel Pig Iron Trading: there is a price stalemate between buyers and sellers. Ferro Nickel prices may continue to operate near this location next week.

Zhou [Chrome Mine Weekly Review] Terminal stainless Steel profit Compression Chrome Ore Outer disk remains strong

September 18 Nickel Mine inventory: Port Nickel Mine inventory rose slightly this week some ports declined due to inefficient unloading

[SMM Cobalt Lithium spot Weekly report (0914-0918)] the downward trend of cobalt price is still in lithium price or there is still room to rise.

SMM magnesium spot Weekly Review] magnesium prices continue to weaken and there are no signs of stopping the decline (2020.09.14-2020.09.18)

Selected SMM Weekly report

Aluminum prices are intertwined with long and short factors, paying close attention to the circulation of the spot market next week and pre-festival stock.

[selected SMM Weekly] stable supply & seasonal weakening of consumption lead fundamentals are short

[SMM Weekly] 10 the contract position is too high to help the structure strengthen next week, zinc prices may be able to set a new high for the year.

SMM Weekly selected] High Nickel Pig Iron Price stalemate Game imported laterite Nickel Ore still has room to rise

Hu [selected SMM Weekly] the discount rose in a concussive trend during the tin week in Shanghai compared with that of last week.

[selected SMM Weekly report] "National Day" will hit bottom or rebound in steel prices.

2020 China Zinc Salt Industry chain Trading Summit

The eighth Zinc oxide Industry Summit Forum

Scan the code to participate in the meeting or apply to join the SMM zinc oxide industry exchange group

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 for 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
Vicuña Awards 63.6-km Northern Corridor Contract as Josemaria-Filo Development Advances
2 hours ago
Vicuña Awards 63.6-km Northern Corridor Contract as Josemaria-Filo Development Advances
Read More
Vicuña Awards 63.6-km Northern Corridor Contract as Josemaria-Filo Development Advances
Vicuña Awards 63.6-km Northern Corridor Contract as Josemaria-Filo Development Advances
Vicuña Corp., the 50/50 joint venture between BHP and Lundin Mining, has awarded the construction contract for Sections A1 and A2 of the Northern Corridor in Argentina, advancing enabling infrastructure for the integrated Josemaria and Filo del Sol copper-gold-silver project. The contract was awarded to a joint venture comprising Contreras, BBC (Boetto y Buttigliengo Constructora) and San Juan-based Construmin following a technical and economic evaluation process that also considered local participation. The awarded sections cover 63.6 kilometres between Angualasto and Junta La Palca, passing through Malimán, and form the first portion of the broader Northern Corridor, which is reported at approximately 220 kilometres. The route is intended to provide future access to the Vicuña project through San Juan Province and support logistics requirements associated with upcoming development stages. The scope of work includes earthworks, embankment construction, excavation and blasting, drainage systems, retaining structures, signage and other road-safety infrastructure. Vicuña is being advanced through a staged development strategy, with Josemaria expected to form the first stage of development, followed by subsequent development of Filo del Sol. BHP has indicated that a Stage 1 final investment decision could occur as early as the end of 2026. The contract award marks another tangible infrastructure milestone for Vicuña as BHP and Lundin Mining advance one of the world’s largest undeveloped copper districts. Development of reliable road access will be important for construction logistics and future operations at the remote project. While the award does not alter the current production timetable, it demonstrates continued progress on enabling infrastructure ahead of a potential Stage 1 final investment decision.
2 hours ago
Algo Grande Intersects 30.23 m at 1.5% CuEq at Adelita, Including 3.55 m at 9.4% CuEq
2 hours ago
Algo Grande Intersects 30.23 m at 1.5% CuEq at Adelita, Including 3.55 m at 9.4% CuEq
Read More
Algo Grande Intersects 30.23 m at 1.5% CuEq at Adelita, Including 3.55 m at 9.4% CuEq
Algo Grande Intersects 30.23 m at 1.5% CuEq at Adelita, Including 3.55 m at 9.4% CuEq
Algo Grande Copper announced first assay results from its Phase II drilling programme at the Adelita Project in Sonora, Mexico, confirming high-grade copper-silver-gold skarn mineralisation at the Cerro Grande discovery. Hole AG-CG-PH2-002 intersected 30.23 metres grading 1.5% copper equivalent from 146.70 metres, comprising 0.83% copper, 47.3 g/t silver and 0.40 g/t gold. The interval included 3.55 metres grading 9.4% CuEq, containing 5.26% copper, 311.8 g/t silver and 2.22 g/t gold, as well as a 1.20-metre interval grading 15.8% CuEq, including 9.84% copper. The company said the mineralisation was intersected approximately 100 metres above the high-grade zone encountered during its Phase I drilling programme, indicating that the Cerro Grande system extends closer to surface than previously recognised. The hole was completed at a final depth of 661.8 metres. Assays remain pending below 179 metres, where a further 40.40 metres of visually mineralised core was logged between 179 and 301 metres. Additional Phase II holes along the Cerro Grande magnetic corridor also contain visually logged copper mineralisation, although assay results for those intervals remain outstanding. The Phase II programme is designed to expand the Cerro Grande skarn discovery along a 2.5-km magnetic corridor, with approximately 7,200 metres across 15 holes planned. The latest results extend high-grade copper-silver-gold mineralisation into a shallower part of the Cerro Grande system and provide further evidence of continuity along the skarn horizon. However, significant portions of the ongoing Phase II drilling remain supported only by visual observations, making forthcoming assays important in determining whether the mineralised footprint can be materially expanded. CuEq values are based on assumed recoveries, while true widths have not yet been established.
2 hours ago
Copper Ends 10-Week Winning Streak as US Tariff Uncertainty Triggers Sharp Pullback
2 hours ago
Copper Ends 10-Week Winning Streak as US Tariff Uncertainty Triggers Sharp Pullback
Read More
Copper Ends 10-Week Winning Streak as US Tariff Uncertainty Triggers Sharp Pullback
Copper Ends 10-Week Winning Streak as US Tariff Uncertainty Triggers Sharp Pullback
According to foreign media reports, copper recorded its first weekly decline since June as uncertainty over potential US tariffs on refined copper triggered a sharp reversal from record highs. Three-month copper on the London Metal Exchange traded at around US$14,238/mt on Friday, leaving prices approximately 1.2% lower for the week and ending a 10-week winning streak. Copper had reached a record US$14,875/mt before falling 3.6% on Thursday, after Reuters reported that the White House had not yet made a decision on whether to impose tariffs on refined copper imports. The pullback reflected a reduction in bullish positioning following the recent rally. However, underlying physical-market conditions remained relatively tight. Available LME copper inventories stood at 117,600 tonnes, while copper stocks monitored by the Shanghai Futures Exchange fell 13% week on week to 54,780 tonnes, their lowest level since January 2024. Near-term tightness on the LME also eased. The cash-to-three-month spread shifted into contango on Thursday, with cash copper trading at a US$4.50/mt discount to the three-month contract, indicating reduced concern over immediate metal availability. Uncertainty surrounding US trade policy remains an important driver of copper flows. Reuters reported that the White House has not yet made a decision on refined copper tariffs, as officials weigh concerns over higher manufacturing costs against the potential benefits of encouraging domestic mining. Expectations of possible tariffs had previously encouraged greater copper flows into the US, contributing to regional inventory imbalances. Copper's retreat from record highs suggests that tariff expectations had become an important component of recent bullish positioning. While uncertainty over US trade policy could continue to generate short-term volatility, falling Chinese inventories and geographically concentrated stocks indicate that underlying physical supply conditions remain relatively tight. The shift of the LME spread into contango, however, suggests that immediate availability concerns have eased compared with earlier in the rally.
2 hours ago
Summary of important non-ferrous information: processing fees for fine waste copper rods have been greatly narrowed * the gap between supply and demand of alumina has been widened * zinc prices have risen again and procurement has decreased downstream. - Shanghai Metals Market (SMM)