Hot News

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  EU targets Russian exports: Aluminium ban and new shipping controls

  A new set of sanctions against Russia has been agreed upon between the European Union member states, diplomats confirmed on February 19, 2025.

• Upstream weekly recap: METLEN secures long-term bauxite supply deal with Rio Tinto; NALCO unveils ambitious INR 30,000 crore expansion strategy

  Aluminium remains a cornerstone of the global economy, with the rising demand for green metal highlighting its lasting significance. Despite challenges and periodic disruptions, the push for sustainable aluminium continues to gain momentum.

• SMM Morning Comment For SHFE Base Metals (Feb 24)

  Last Friday evening, LME copper opened at $9,536.5/mt, fluctuated considerably from the beginning to the middle of the session, peaked at $9,567.5/mt near the close, then pulled back slightly to a low of $9,497/mt, and finally closed at $9,515.5/mt, down 0.44%.

• Steel Scrap Purchase Price Adjustment by Anyang Iron & Steel in Henan on February 24

  The steel scrap purchase price adjustment of Anyang Iron & Steel in Henan has been updated today. If needed, feel free to contact us!

• Concerning Over 160,000 Related Enterprises! China to Strengthen Power Battery Recycling and Utilization

  [Concerning Over 160,000 Related Enterprises! China to Strengthen Power Battery Recycling and Utilization] Currently, power batteries for NEVs in China have entered a large-scale retirement phase, making it particularly important to comprehensively enhance the capacity and level of power battery recycling and utilization. (Battery Network)