- Futures
- Base Metals
- New Energy
- Ferrous Metals
- Rare Earth
- Scrap Metals
- Minor Metals
![[SMM Analysis] Social Inventory of Copper Cathode Records First Decline Recently, Initial Signs of Downstream Stockpiling Willingness?](https://imgqn.smm.cn/production/admin/news/cn/thumb/cWPFD20180621153942.png?imageView2/1/w/176/h/110/q/100)
[SMM Analysis:Social Inventory of Copper Cathode Records First Decline Recently, Initial Signs of Downstream Stockpiling Willingness?] Looking ahead to the market around the Chinese New Year, the "triple suppression" pattern of high inventory, wide price spreads between futures contracts, and deep discounts is expected to be difficult to reverse in the short term. Before the Chinese New Year: Wide price spreads amid high inventory will strengthen suppliers’ willingness to ship to delivery warehouses, thereby suppressing spot market liquidity and buying interest. Spot premiums/discounts lack momentum for recovery and are expected to remain in a discount structure. If smelters engage in distress selling, discounts may widen further. After the Chinese New Year: The key validation point for the market will be the extent and speed of post-holiday inventory buildup. If significant inventory accumulation occurs, it will reinforce the perception of weak demand and may force spot premiums/discounts to move even lower.
Recently, Trump's attempts to acquire Greenland have grown increasingly assertive. From his initial public statement on January 7, 2025, to a year-long posture of firmness, followed by last week’s tariff hike on Europe after the setback in purchasing the island, the situation escalated into a military standoff between the US and Denmark this week, reaching a peak in tension. Although we have no intention of delving into the political or military aspects of the incident and hope that politics remains merely politics, history shows that political maneuvering is often underpinned by the resources contained within the land. In today’s world, rare earth resources have become a key strategic asset that the US seeks to control. In today’s article, we examine the resource plunder behind the island purchase controversy.
[SMM Daily Review: Stainless Steel Scrap Shows Clear Economic Advantage, High-Grade NPI Rises Only Slightly] January 28 (SMM) – The average price of SMM 10-12% high-grade NPI stood at 1,054 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu MoM from the previous working day.
