SMM Official Announcement: Introduction of Democratic Republic of the Congo (DRC) USD Copper Premium (FCA) Price

To Our Valued Customers,

With the gradual expansion of copper cathode production capacity in Africa, the transactional synergy between the Chinese market and the African copper cathode market continues to strengthen. To align with these market developments, Shanghai Metals Market (SMM) hereby announces the introduction of the DRC USD Copper Premium (FCA)​ effective from ​March 7, 2025, following extensive market research and analysis.

SMM Pricing Methodology Framework​
As an independent third-party service provider, SMM does not engage in any physical transactions. Instead, we act as market observers and facilitators, maintaining close communication with buyers and sellers to deliver reliable market services. SMM continuously refines its methodology through industry engagement, adhering to widely recognized product specifications, trade terms, and transaction conditions. All qualifying market data receives equal consideration, while SMM reserves the right to exclude information deemed unrepresentative or unreliable.

Daily SMM Price Publications​
SMM publishes daily spot metal prices (or indices) covering domestic, international, and global markets. Each SMM price is governed by a transparent methodology, accessible on our official website (www.smm.cn). These methodologies define the procedures for price generation and dissemination, which SMM strictly adheres to.

To reflect evolving market dynamics, SMM may periodically revise its methodologies, with advance notice provided on our website. For inquiries or feedback regarding SMM prices or methodologies, please contact our customer service team via the contact details listed on www.smm.cn.

Shanghai Metals Market​
Empowering Markets with Transparency and Precision