Shanghai Metals Market

American Rare Earths Lists on NYSE, Raises $63.3M for Heavy Rare Earth Projects

SMM Rare Earth News Flash] American Rare Earths (REA) completed a traditional IPO outside China on May 6, listing on the NYSE American exchange at an ...
Shanghai Metals Market

[SMM China Iron Ore Import] China Iron Ore Import fell in Apr instead of rising; only a slight increase expected in May.

In April, steel mills generally exhibited subdued purchasing activity due to the limited cost-effectiveness of imported iron ore. Concurrently, rising premiums and shipping costs further compressed ...
Shanghai Metals Market

Peru's Energy Crisis Pushes Copper Prices Higher; SHFE Copper Spot Discounts Under Pressure but Approaching Delivery Provides Support [SMM Shanghai Spot Copper]

SMM Shanghai Spot Copper] Looking ahead to tomorrow, Peru's energy crisis has raised market concerns over copper ore supply. Copper prices surged significantly during the night session, and end-users' ...
Shanghai Metals Market

[SMM Nickel Midday Review] Nickel prices plunged sharply on May 12, with serious disagreements currently existing in US-Iran negotiations

On May 12, SMM #1 refined nickel prices fell 1,450 yuan/mt from the previous trading day. Spot premiums: Jinchuan #1 refined nickel averaged 1,200 yuan/mt, unchanged from the previous trading day, ...
Shanghai Metals Market

Green Hydrogen Tracker — Zhongke Yitan Makes Two Moves in Inner Mongolia: Wulate Houqi 6.9 Billion Green Methanol-to-SAF Project Approved

Following the filing of the Chifeng project in April 2026, Zhongke Yitan's second green fuel base in Inner Mongolia — the Urad Houqi 500,000 mt green methanol-to-SAF project — was recently officially ...
Shanghai Metals Market

SMM Weekly Maintenance Summary on May 11

SMM Weekly Maintenance Statistics] According to SMM statistics, this week (May 9 to May 15), the hot metal impact volume resulting from blast furnace maintenance ...