Shanghai Metals Market

The Difficult Balance Between Policy Uncertainty and Price Volatility

In October 2025, the secondary copper rod market struggled under multiple pressures including policy uncertainty, volatile copper prices, and weak end-use demand, generally characterized by an ...
Shanghai Metals Market

Domestic Capacity Release and High Costs Expected to Drive Continued Decline in November Petroleum Coke Imports [SMM Analysis]

Since Q4, domestic petroleum coke market supply has shown a dual divergence characterized by accelerated domestic capacity release and shrinking imported supply, leading to phased adjustments in the ...
Shanghai Metals Market

From State Capital to Strategic Autonomy: Analyzing Government Roles in the Global Rare Earth Game【SMM Analysis】

As a non-renewable strategic resource, rare earth has become a focal point of competition among major powers. With China dominating the rare earth industry chain, particularly in the smelting and ...
Shanghai Metals Market

Toyota's Solid-State Battery Layout: Mass Production in 2027 to Achieve a 1,000-km Driving Range Revolution

Toyota has been deeply engaged in sulphide solid-state batteries, achieving an energy density of 450-500 Wh/kg, with fast ...
Shanghai Metals Market

Imports of Unwrought Aluminum Alloy in October 2025 Plunged YoY to 76,400 mt [SMM Analysis]

SMM Analysis]Imports of Unwrought Aluminum Alloy Plunged 76,400 mt YoY in October 2025, While Exports Surged Over 50% [SMM Analysis] ...
Shanghai Metals Market

ICSG: Global Copper Cathode Market Experienced a Supply Deficit of 51,000 mt in September

On Friday, November 21, the International Copper Study Group (ICSG) stated in its latest monthly bulletin that the global copper cathode market recorded a deficit of 51,000 mt in September, while ...
Shanghai Metals Market

Carmakers in China Offer Subsidies to Spur Orders Ahead of Purchase Tax Policy Change

With China’s policy of exempting new energy vehicles from purchase tax set to be changed next year, automakers are offering ...
Shanghai Metals Market

GWM's WEY announces brand renewal at Auto Guangzhou 2025

Great Wall Motor (GWM)'s WEY brand used its presence at the Auto Guangzhou 2025 on November 21 to unveil an ambitious brand renewal plan.
Shanghai Metals Market

General Administration of Customs: Slow Recovery in Supply from Myanmar Keeps China's Tin Ore Imports at Low Levels

According to China Customs data, China's tin ore and concentrates imports in October 2025 totaled 11,632.3 mt, up 33.51% MoM but down 22.36% YoY. Imports from the DRC that month were 2,700.36 mt, ...
Shanghai Metals Market

Volkswagen debuts two new PHEV models in China as it ramps up NEV rollout

Volkswagen used the Auto Guangzhou 2025 to stage the global debut of two new PHEV models developed specifically for the Chinese market: the SAIC Volkswagen Passat ePro and FAW-Volkswagen's updated ...
Shanghai Metals Market

General Administration of Customs: China's Copper Ore Imports Slightly Decreased in October, While Shipments from Major Supply Countries Increased.

According to data from the General Administration of Customs online query platform, China's imports of copper ore and its concentrates in October 2025 were 2.45 million mt, down 5.24% MoM but up 6.08% ...
Shanghai Metals Market

BC Copper 2512 contract closed down 0.77%, US Fed interest rate cut complexity weighs on copper prices [SMM BC Copper Review]

SHFE copper contract 2512 settled at 85,650 yuan/mt. Based on the BC copper 2512 contract price of 76,320 yuan/mt, its post-tax price is 86,242 yuan/mt, resulting in a price spread of -592 yuan/mt ...