News

Shanghai Metals Market1m
"New Fed Correspondent": April's CPI Did Not Reflect Tariff Impact; Inflationary Pressures to Emerge in the Following Months
Timiraos' report suggests that for the US Fed, April's inflation data does not prompt a change in its "wait-and-see" stance. Fed officials are preparing for the impact of tariffs, which are expected ...
Shanghai Metals Market3m
US CPI Unexpectedly Cools, US Dollar Index Weakens; LME Copper and SHFE Copper Surge Over 1% in Night Session [SMM Copper Morning Comment]
US CPI Unexpectedly Cools, US Dollar Index Weakens as LME Copper and SHFE Copper Surge Over 1% in Night Session] On the macro side, the US unadjusted CPI year-on-year rate for April unexpectedly fell ...
Shanghai Metals Market8m
Trump Prepares to Tear Up Biden's Export Red Line, UAE Expected to Be Approved to Purchase One Million Nvidia Chips
In March this year, Tahnoon traveled to Washington to lobby the Trump team to relax export restrictions on Nvidia chips. According to media reports, the UAE had pledged to invest US$1.4 trillion in US ...
Shanghai Metals Market11m
US CPI Falls Below Expectations, US Dollar Declines, Metals Rise Across the Board; LME Copper, LME Zinc, and SHFE Zinc Gain Over 1% [Overnight Market]
Overnight, metals in both domestic and overseas markets generally rose. LME copper, LME zinc, and SHFE zinc all increased by ...
Shanghai Metals Market12m
Inflation cools down! US CPI in April stood at 2.3% YoY, the lowest level since February 2021
In April, the US Consumer Price Index (CPI) increased by 2.3% YoY, marking the third consecutive month of slower-than-expected growth and reaching its lowest level since February 2021. Despite this, ...
Shanghai Metals Market20m
US Stock Market Close: S&P 500 Recovers All Losses for the Year, Nvidia Surges, Leading the Return of AI Concepts
The DJIA fell 0.64% to close at 42,140.43, dragged down by a 17.79% plunge in UnitedHealth Group, one of its components. Before the market opened, UnitedHealth announced it would suspend its 2025 ...
Shanghai Metals Market25m
First Tin Makes New Critical Mineral Discovery in German Mine Project
UK-based junior mining company First Tin (LSE:1SN) has confirmed the widespread presence of various critical mineral resources, including gallium and indium, within its Auersberg and Gottesberg ...
Shanghai Metals Market6h
300+! List of Companies Participating in the Latest Progress of the Recycled Metals Forum Updated!
Thailand's Recycled Metals IndustryGreen Transformation and SustainableDevelopment Prospects Dr. Somthai Wongcharoen, Secretary General, ASEAN Institution of Recycling (AIR) From Policy to Market: The ...
Metal7h
GM, LG Energy Solution Disclose Progress on New-Type Lithium-Rich Manganese-Based Prismatic Battery, Aiming for Mass Production in 2028
US automaker General Motors announced on Tuesday that it will collaborate with its partner LG Energy Solution to launch a new-type lithium-rich manganese-based (LMR) prismatic battery, aiming to ...
Shanghai Metals Market9h
Macro favorable policies remain unchanged; aluminum prices may maintain fluctuating upward trend [SMM Aluminum Futures Brief Comment]
Today, the most-traded SHFE aluminum 2506 contract opened at 19,960 yuan/mt, with a high of 20,020 yuan/mt, a low of 19,930 yuan/mt, and closed at 20,005 yuan/mt, up 0.35%. Trading volume was 69,400 ...
Shanghai Metals Market11h
US–China Geneva Agreement: What It Means for Zinc Behind the Tariff Rollback
China will suspend 24% as well, leaving its residual tariff at 10% on US goods (down from 125%). Additionally, China agreed ...
Shanghai Metals Market11h
India's copper demand will increase and is expected to double by 2030
On May 13 (Tuesday), to meet the demands of industrial and energy transformation, India's domestic copper demand is expected to double by 2030. Companies in India's copper industry include Hindalco ...