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  [SMM Nickel Midday Review] Nickel Prices Surged Significantly on December 22, Party Group Expanded Meeting of the Ministry of Commerce Held in Beijing

• Copper Prices Rise Amid Persistently Weak Demand, Market Premiums and Discounts Continue to Decline [SMM North China Spot Copper]

  Today in North China, spot prices of #1 copper cathode against the front-month contract were at a discount of 500-400 yuan/mt, averaging a discount of 450 yuan/mt, down 40 yuan/mt from the previous trading day. Transaction prices ranged from 93,080 to 93,760 yuan/mt, with an average of 93,420 yuan/mt, up 1,320 yuan/mt from the previous trading day.

• The most-traded SHFE tin contract rose to around 345,000 yuan/mt before coming under significant pressure, with market trading activity gradually shifting towards the 2602 contract. [SMM Tin Midday Review]

  [SMM Tin Midday Review: The most-traded SHFE tin contract rose to near 345,000 yuan/mt before coming under significant pressure, with trading focus gradually shifting to the 2602 contract.]

• Secondary Lead: Downstream Battery Producers Adopt a Wait-and-See Approach with Cautious Purchasing, Showing Insufficient Enthusiasm in Both Inquiries and Procurement [SMM Lead Midday Review]

• [Nickel Pig Iron Daily Review] High-Grade NPI Price Center Rises, Market Trading Activity Awaits Recovery

  [SMM Daily Review: High-Grade NPI Price Center Moves Up, Market Activity Still Awaits Recovery] Dec. 22 (SMM) - The average price of SMM 10-12% high-grade NPI was 885 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu MoM from the previous working day.