Metal15m
US Fed's Interest Rate Cut Temporarily Paused; Spot Market Remains Sluggish [SMM Tin Morning News]
US Fed's Interest Rate Cuts Temporarily Halt, Spot Market Remains Sluggish [SMM Tin Morning Brief] The US ADP employment data for January showed an increase of 183,000, significantly exceeding the ...
Metal11m
Sichuan Aluminum Plant Gradually Resumes Production; Market Focuses on January Non-Farm Payrolls Data Guidance [SMM Aluminum Morning Meeting Summary]
Sichuan Aluminum Plants Gradually Resume Production, Market Focuses on January Non-Farm Payrolls Data Guidance] Macro side, US initial jobless claims mildly increased last week, and the Bank of ...
Metal15m
Lead Ingot Trading Gradually Recovers, Lead Prices Fluctuate Upward [SMM Lead Morning Meeting Summary]
Overnight, the most-traded SHFE lead 2503 contract opened at 17,060 yuan/mt, briefly touching a low of 17,015 yuan/mt in early trading. By the end of the session, it edged up to a high of 17,090 ...
Metal37m
Vedanta is expected to raise $1 billion through debt financing to fund a copper mine in Zambia.
According to Webstock Inc., citing foreign media on February 6, Chris Griffith, head of Vedanta Resources' base metal unit, stated that the company is attempting to raise approximately $1 billion in ...
Metal18m
Bears Enter, SHFE Zinc Center Slightly Moves Downward [SMM Zinc Morning Comment]
[SMM Zinc Morning Comment] The most-traded SHFE zinc 2503 contract opened at 23,615 yuan/mt. At the beginning of the session, SHFE zinc fluctuated along the daily moving average. Subsequently, bulls ...
Metal18m
US Dollar Index Rallied Overnight, Pressuring Lead Futures to Weaken [SMM Lead Morning Brief]
[SMM Lead Morning Brief: US Dollar Index Rose Overnight, Pressuring Lead Futures to Weaken] SMM February 7 News: Overnight, LME lead opened at $2,004/mt, briefly touching a high of $2,014/mt during ...
Metal28m
Macro Sentiment Bullish, LME Zinc Surges Significantly [SMM Morning Meeting Notes]
Macro Sentiment Bullish, LME Zinc Surged Significantly]: Overnight, LME zinc opened at $2,792.5/mt. At the beginning of the session, LME zinc briefly declined to a low of $2,783.5/mt. Subsequently, ...
Metal12h
Should Trump's tariffs take effect, how will they transform the aluminium market?
On February 2, U.S. President Donald Trump announced a 25% tariff on imports from Canada and Mexico, alongside an additional ...
Metal23h
US Dollar Index Continues to Decline, Copper Prices Supported Strongly in the Short Term [SMM Copper Morning Meeting Summary]
Copper Prices Maintained Fluctuating Trend Overnight as Market Awaits Further Guidance] Overnight, LME copper opened at ...
Metal14h
Anglo American's Copper Production in 2024 to Decrease by 6%; This Year's Copper Production Is Expected to Reach 690,000 to 750,000 mt
Anglo American's Copper Production Drops 6% in 2024; This Year's Copper Production Expected to Reach 690,000 to 750,000 mt] According to Webstock Inc., citing foreign media on February 6, global ...
Metal12h
XPENG introduces zero interest, up to 5-year zero down payment policy to boost car sales
Shanghai (Gasgoo)- On February 5, Chinese smart electric vehicle company XPENG announced a new car purchase policy, which offers customers a zero-down payment and five-year zero-interest option with ...
Metal14h
Supply-Side Disruptions Support SHFE Tin's Rise; Futures Strong, Spot Weak Pattern May Persist Until Next Week [SMM Tin Futures Brief Review]
The rapid surge in the most-traded SHFE tin futures contract may be linked to short covering or speculative capital inflows, with follow-up buying triggered after a technical breakout above key ...