Metal14h
Alba-Ma’aden merger deadline extended to Q2 2025 amid efforts to form the world’s 7th largest aluminium producer
The deadline for the proposed merger between Aluminium Bahrain (Alba) and subsidiaries of Saudi Arabia’s Ma’aden has been ...
Metal15h
Upstream aluminium recap: EU seeks stricter sanctions on Russia; Japan’s Q1 shipment premiums remain high after negotiations
Alpha HPA has secured $400 million in debt financing to advance its High Purity Alumina (HPA) First Project in Gladstone, ...
Metal15h
Major exit: Sumitomo Chemical pulls out of aluminium smelting and resale businesses
The Sumitomo Chemical Group is intensifying its short-term performance enhancement initiatives to achieve a robust V-shaped ...
Metal7h
End-User Stockpiling Sentiment Remains Lukewarm; Secondary Copper Rod Sales Are Average [SMM Secondary Copper Daily Review]
The average spot premiums/discounts stood at 75 yuan/mt, down 10 yuan/mt from the previous trading day. The price of secondary copper raw material remained unchanged MoM today. The price of Guangdong ...
Metal7h
Gasgoo Daily: Leapmotor posts sales volume of nearly 300,000 vehicles in 2024
On December 24, Zhu Jiangming, founder, chairman, and CEO of Leapmotor, announced that the company's annual sales are anticipated to reach nearly 300,000 vehicles in 2024, exceeding the target.
Metal18h
Molybdenum Mines Expected to Ship, Ferromolybdenum Steel Tenders to Follow—Can Molybdenum Prices Rebound? [SMM Analysis]
[SMM Analysis: Molybdenum Mines Plan to Ship, Ferro-Molybdenum Steel Tenders Follow, Can Molybdenum Prices Rebound?] Midstream molybdenum producers are facing multiple challenges, including tight raw ...
Metal8h
November Galvanized Sheet Exports Pulled Back: Can the Strong Momentum Be Sustained Next Year? [SMM Analysis]
Galvanized Sheet Exports Pulled Back in November, Can the Strong Momentum Be Sustained Next Year?] According to the latest customs data, galvanized sheet exports in November 2024 amounted to 1.0462 ...
Metal10h
Futures Market Fluctuates Downward, Focus on Actual Procurement by Steel Mills [SMM SiMn Alloy Futures Review]
On December 25, the SM2501 contract opened at 6,176 yuan/mt, fluctuated downward after the morning session, and finally closed at 6,160 yuan/mt, down 0.19%.
Metal18h
Copper Prices Shift Lower, While Spot Premiums/Discounts in Shandong Continue to Decline [SMM Analysis]
【The Center of Copper Prices Shifted Downward, While Spot Premiums/Discounts in Shandong Continued to Decline】 With only one week left in 2025, the center of copper prices shifted slightly downward ...
Metal8h
Tesla China offers 10,000-yuan discount on some in-stock Model Y vehicles
Beijing (Gasgoo)- On December 24, Tesla China's official website introduced a new promotion, offering a 10,000-yuan discount on the final payment for selected in-stock Model Y vehicles. The promotion ...
Metal10h
Spot Market Remains Stable at Low Levels, with Destocking as the Main Focus [SMM Stainless Steel Spot Daily Review]
On December 25, stainless steel futures slightly declined again, but spot prices did not follow the drop further.
Metal10h
SMM China Rare Earth Market Daily on December 25
SMM China Rare Earth Market Daily] Today, rare earth oxide prices gradually stabilized, with limited acceptance of high-priced raw materials from downstream buyers. High-priced transactions remained ...