Hot News

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  Secondary Lead: Wait-and-See Sentiment Prevails in the Market on the First Trading Day After the Holiday [SMM Lead Midday Review]

• Silver Prices Opened Higher with a Gap After the Holiday, Spot-Futures Price Spread Widened, Spot Market Premiums Rose with Thin Trading [SMM Daily Review]

• XPENG expands North African presence with new partnerships in Morocco, Tunisia

  On Oct. 4, 2025, XPENG announced via its WeChat account that it has entered into new partnerships with major distributors in Morocco and Tunisia, extending its footprint across North Africa.

• Xiaomi EV surpasses 40,000-unit monthly deliveries in September

  Xiaomi EV reported another strong month in September, delivering over 40,000 vehicles—a new record for the company's fast-growing electric vehicle business.

• [SMM Nickel Post-Holiday Analysis] Nickel prices on the LME strengthened during the National Day holiday due to macro influences, with the domestic market showing a catch-up rally after the holiday.

  During the National Day holiday, LME nonferrous metals generally rose, with LME nickel breaking through the $15,500/mt level. Weak US ADP employment data for September led markets to anticipate a 50-basis-point interest rate cut within the year, boosting expectations for looser offshore US dollar liquidity and enhancing risk appetite in the nonferrous metals market.