The SMM Imported Zinc Concentrate Index for this week is $73.75/dmt, with a 10.94% WoW increase. The SMM Imported Lead Concentrate average spot TC for this week is $-55/dmt, flat from the previous week's figure......

With silver hitting decade-highs since 2012: ◼ Short-term: Position squaring by longs has intensified bull-bear battles, raising correction risks ◼ Medium-term: Structural support remains from:Tight physical supply (global inventory drawdowns)  and  ustained industrial demand (8%+ annual PV sector growth)

Marex Financial Products has recently launched a structured "cash-and-carry" note linked to cobalt, marking a significant step forward in the financial innovation of commodity markets. This is not only Marex’s first structured yield product based on cobalt—a critical raw material—but also a testament to its integrated capabilities across physical asset acquisition, risk management, and financial product structuring.

Ghana's government is preparing to renegotiate terms of the Ewoyaa lithium mining agreement after a precipitous drop in global lithium prices has jeopardized the project's economic feasibility.

Affected by the sharp decline in global lithium prices, the Ghanaian government has announced that it will review the terms of the cooperation agreement for the Ewoya lithium mine project, as the economic feasibility of the project is facing severe challenges.

This week's magnesium market maintained a weak supply-demand balance, with prices moving in a narrow range. The mainstream 90% magnesium ingot price settled at RMB 16,300/ton, showing a dip-and-rebound pattern during the week as producers defended prices amid low inventories. Magnesium alloy prices ranged between RMB 17,900-18,000/ton while magnesium powder traded at RMB 17,550/ton, both tracking the downward trend of raw materials with tepid market activity. Dolomite prices remained stable with sufficient inventory at major production bases and reduced freight costs easing cost pressures. Domestic buying was mainly need-based, while export demand saw improved purchasing from Japan/Korea but continued European hesitation. The market is expected to maintain this range-bound pattern in the near term.

This achievement, made possible through its partnership with exclusive distributor EVDirect, underscores BYD's rapid rise and growing brand recognition in the Australian market.

This week, the ferrous metals series market followed a similar trend to that of previous weeks. The night session on Wednesday saw a strong upward rally, with finished steel breaking through previous resistance levels and continuing to fill the gap from early April. Prices experienced a correction at the beginning of the week. In the latter half of the week, market rumors emerged about production restrictions ranging from 30% to 50% in the coking industry in the Wuhai region. Additionally, Indonesia planned to impose export tariffs, and there was a second round of coke price increase proposals scheduled for next week. Coking coal and coke continued to lead the gains in the ferrous metals series market. Meanwhile, amid the off-season, the continuous inventory reduction of finished steel provided support for the market...

The retail price benchmark for levying consumption tax on ultra-luxury vehicles has been reduced from 1.3 million yuan to 900,000 yuan (excluding VAT).