Hot News

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  Barrick CEO: Despite the US's tariff hike, the long-term trend of copper prices remains positive

• Freeport-McMoRan is expected to benefit from US tariffs on copper

• First Quantum: Investment in Prospect is Key to Extending the Lifespan of Zambian Copper Mines

• Most metals fell, with LME zinc and LME lead leading the decline, while silver rose nearly 5% and oil prices rose for two consecutive weeks [overnight market]

• Aluminum rod processing fees plummeted in June, with dismal transactions and supply-side facing production cuts [SMM Analysis]

  According to the latest monthly survey data from SMM, the total production of aluminum rods nationwide in June 2025 was 390,000 mt, a decrease of 27,000 mt from May. After adjusting for the number of days in the month, the operating rate of aluminum rod plants in June was recorded at 60%, down 2% MoM and up 5% YoY. Overall, despite weak downstream purchasing, in-plant inventory was in the initial stage of inventory buildup, coupled with the task of liquid aluminum alloying, the aluminum rod supply side remained at highs in June. However, as the off-season atmosphere in the downstream sector became increasingly pronounced, with market purchasing significantly weakening, many plants announced production cuts and maintenance of equipment in mid-to-late June. It is expected that there will be a pullback in the aluminum rod supply side in July, and the pressure of market supply surplus may ease slightly.