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  Refined Copper Net Imports Plunge in November; Monthly Exports Hit Second-Highest on Record

  According to customs data, China’s refined copper imports totaled 271,100 tons in November 2025, down 3.90% month-on-month and 24.67% year-on-year. In the same period, exports surged to 143,000 tons, marking a 116.83% MoM increase and a remarkable 1128.09% YoY growth.

• Xinjiang Shipments See Recovery, How Will Year-End Aluminum Ingot Inventory Play Out? [SMM Analysis]

  Recently, the domestic aluminum ingot market inventory structure has undergone a phased adjustment. The previously troubling backlog of shipments from Xinjiang has been gradually resolved, leading to a rebound in supply chain circulation efficiency. However, at the same time, inventory buildup pressure has emerged in some storage areas, compounded by regional market differences and weak downstream demand. As a result, domestic aluminum ingot inventory is characterized by "overall circulation improvement with localized pressure becoming prominent." This article provides an in-depth analysis of the current domestic aluminum ingot inventory situation based on the latest shipment, in-transit, and storage area feedback data, and offers predictions for future trends...

• Chery's EXEED brand ushers in 3.0 era with technology-led brand overhaul

  Framed around advances in technology, design, product strategy and brand ambition, the event outlined a comprehensive upgrade of the marque.

• SHFE tin fluctuated upward during the day session, while overall trading in the spot market remained sluggish. [SMM Tin Futures Review]

  [SMM Tin Futures Review: SHFE Tin Fluctuated Upward During Day Session, Overall Spot Market Trading Was Sluggish] On December 23, 2025, the most-traded SHFE tin contract (SN2602) fluctuated upward during the day session and closed at 344,750 yuan/mt in the afternoon, up 0.55% from the previous day. Overseas markets also strengthened, with LME tin rising by $720 to $43,450/mt.

• Hesai secures mass-production LiDAR order from Meituan Drone as low-altitude logistics accelerates

  The agreement marks a deep integration of advanced sensing technology with low-altitude logistics applications.