Hot News

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  SMM Exclusive: Overview of China Metal Production in July 2025 and Forecast for August

  SMM's monthly production data for base metals is released at the end of each month, aiming to uncover the true fundamentals for industry chain professionals and investors, and providing a clearer grasp of the future direction of the metals market.

• Data: SHFE, DCE market movement (Aug 04)

  The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 04 Aug, 2025

• 50% tariff imposed on copper semi-finished products! Who is at the center of the storm?

  On July 30th, US time, US President Trump signed a proclamation to impose a unified 50% tariff on imported semi-finished copper products and copper-rich derivatives starting from August 1st. The tariff covers semi-finished copper products such as copper pipes & tubes, copper wires, copper billets, copper plates, etc., as well as copper-rich derivatives such as pipe fittings, cables, connectors, electrical components, etc. This news has triggered a strong market reaction. To explore the impact of this tariff policy on the copper industry, we can first look at the import and export situation of copper processed materials in the US.

• [SMM MHP Daily Review] August 4: Indonesian MHP prices weaken

  As of now, the MHP coefficient (relative to the SMM battery-grade nickel sulphate index) ranges from 83.5% to 84%, and the FOB price of Indonesian MHP is $12,429/mt Ni.

• [SMM Daily Review of Nickel Sulphate] August 4, nickel salt prices rose slightly

  On August 1, the SMM battery-grade nickel sulphate index price was 27,132 yuan/mt, with the quotation range for battery-grade nickel sulphate being 27,130-27,610 yuan/mt, and the average price remaining unchanged from yesterday.