Hot News

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  In March, smelter production resumed, and silver production steadily increased

  Silver production in March rebounded MoM but declined YoY. The sustainability of growth in April will depend on the grade of raw materials and the release of recycled silver capacity.

• On April 4, the LME tin inventory decreased by 45 mt, with the entire reduction coming from the Port Klang warehouse.

• On April 4, LME copper inventories increased by 350 mt, with Busan warehouse inventories increasing by 1,000 mt.

• On April 3, COMEX copper inventories increased to 104,056 mt.

• The demand outlook is clouded, and Citigroup has lowered its 2025 base metal price forecast.