SMM's monthly metal production data is scheduled for release at the end of each month, aiming to uncover the true fundamentals and provide clarity for industry chain participants and investors to better grasp the future trends of the non-ferrous market. 

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 27 Jan, 2025

[SMM Weekly Data on Copper Inventories in Major Regions] As of Monday, January 27, copper inventories in major regions across China tracked by SMM increased by 38,600 mt from last Thursday to 165,800 mt. Total inventories were 73,800 mt higher YoY compared to 92,000 mt in the same period last year, with Shanghai 41,200 mt higher YoY, Guangdong 10,700 mt higher YoY, and Jiangsu 17,300 mt higher YoY.

[SMM Spot Copper] During the day, mainstream standard-quality copper was quoted at a discount of 70-50 yuan/mt against the front-month contract, while high-quality copper was quoted at a discount of 40-20 yuan/mt. According to SMM, a significant inventory buildup has already begun in east China this week, with the market showing prices but no transactions ahead of the Chinese New Year.

[SMM Analysis: Brief Review of Secondary Copper Rod in 2024] In 2024, the government introduced several policies targeting the recycling industry, among which "reverse invoicing" and the Fair Competition Review Regulations had varying degrees of impact on the industry.....

[Expansion of Copper-Gold Ore Potential at Nalunaq, Southern Greenland] According to Mining.com, Amaroq Minerals has acquired a new license in southern Greenland, increasing its total mining rights area in the region to 6,800 square kilometers. The Johan Dahl copper belt in southern Greenland covers an area of 666.5 square kilometers. Amaroq Minerals stated that the copper ore potential in this region is significant. Through the Gardaq joint venture, the company already holds mining rights for approximately 3,147 square kilometers of this copper belt.

[Manara Minerals Plans to Acquire 10%-20% Stake in Reko Diq Copper-Gold Project] According to Mining.com, the Financial Times reported on Tuesday that Saudi Arabia's mining fund company, Manara Minerals, is expected to purchase a 10%-20% stake in Pakistan's Reko Diq copper-gold project for $500 million to $1 billion.