Metal3h
Malaysian Anti-Corruption Commission raids lead to arrest of state official linked to illegal bauxite mining in Kuantan
As part of a significant enforcement action, the Malaysian Anti-Corruption Commission (MACC) has arrested a state government ...
Metal3h
Key highlights from the global aluminium industry, October 2024
In October 2024, the LME aluminium prices saw renewed strength despite the headwinds of a stronger US dollar and varied ...
Metal5h
In the first three quarters, cumulative zinc ingot imports increased by more than 20% YoY, expected to remain high in Q4 [SMM Analysis]
SMM, November 18: The import volume of refined zinc in 2024 continued to remain high. According to customs data, as of ...
Metal5h
Brazil Announces Increase in Import Tariff on PV Modules to 25%, What is the Impact? [SMM Analysis]
SMM, Nov 18: The Brazil Ministry of Development, Industry and Foreign Trade (MDIC) announced on November 15 that the import ...
Metal5h
Breaking News! Export Tax Rebate for Aluminum Extrusion to Be Cancelled! [SMM Analysis]
SMM, November 18, 2024: On November 15, 2024, the Ministry of Finance issued the "Announcement on Adjusting Export Tax Rebate ...
Metal2h
Frequent Bearish News: How Did the Spot Market Perform Last Week? [SMM Analysis]
Last week, bearish news was frequent. The market was still trading on "Trump sentiment," while expectations for the number of interest rate cuts next year were lowered. Trump's stance on the ...
Metal4h
Environmental protection-driven production cuts and traffic restrictions were lifted, focus on consumption recovery this week
For LME lead, the fundamentals are mediocre, while the US dollar has risen strongly, hitting a new high in over a year, causing base metals to generally weaken, with LME lead also falling to a nearly ...
Metal4h
Ukraine’s bauxite import amidst geopolitical crises elevates with time. But why?
Ukraine has not re-exported bauxite from January to October 2024 as opposed to the same period in 2023. As noted in 2022, Ukraine lowered imports of both substances in physical terms by 81.5 per cent ...
Metal3h
China Lowers Export Rebate Rate, Involving PV Modules and Solar Cells [SMM Interpretation]
In the list of products with reduced export rebate rates, PV products include: commodity code 85414200 (solar cells not ...
Metal5h
With winter approaching and demand being weak, how will the processing fee for die-casting zinc alloy trend in November? [SMM Analysis]
Overnight, LME copper opened at $9,882/mt, fluctuated widely at the beginning, reaching a high of $9,908/mt, then kept falling, dropping to $9,740/mt near the end of the trading session, and finally ...
Metal6h
US Fed December Interest Rate Cut Probability Reduces, Market Awaits Further Copper Price Decline [SMM Copper Morning Comment]
LME copper prices opened at $8557.5/mt and closed at $8547.5/mt in narrow range, a drop of 0.23%, with the low-end of $8529/mt and the high-end of $8599/mt. Aluminium: Domestic aluminium ingots have ...
Metal6h
Longs Exit, SHFE Zinc Fluctuate Downward [SMM Zinc Morning Comment Nov 18]
Last Friday, LME zinc opened at $2,939/mt. In the early session, LME zinc fluctuated around the daily moving average. Last Friday, LME zinc opened at $2,939/mt. In the early session, LME zinc ...