Tight Supply of Chinese Ores, Concentrate Ore Prices Stop Falling and Stabilize

[SMMS Cast Aluminum Alloy Morning Comment: Cast Aluminum Alloy Fluctuates Upward, Policy Disruptions Intensify Tug-of-War Between Sellers and Buyers of Aluminum Scrap] The aluminum price surged significantly yesterday, with the SMM ADC12 price following suit, rising by 100 yuan/mt to 20,450 yuan/mt. Currently, the supply of aluminum scrap remains tight, leading to a general increase in prices, which in turn pushes up the cost of raw materials for secondary aluminum alloy. Additionally, recent news about the cancellation of tax rebates in multiple regions including Anhui and Jiangxi has led to a strong sentiment among enterprises to raise prices in response to the pressure of increasing costs.

[SMMS Cast Aluminum Alloy Morning Comment: Cast Aluminum Alloy Fluctuates Upward, Policy Disruptions Intensify Tug-of-War Between Sellers and Buyers of Aluminum Scrap] The aluminum price surged significantly yesterday, with the SMM ADC12 price following suit, rising by 100 yuan/mt to 20,450 yuan/mt. Currently, the supply of aluminum scrap remains tight, leading to a general increase in prices, which in turn pushes up the cost of raw materials for secondary aluminum alloy. Additionally, recent news about the cancellation of tax rebates in multiple regions including Anhui and Jiangxi has led to a strong sentiment among enterprises to raise prices in response to the pressure of increasing costs.

Lower and Lower—Where is the bottom for lithium prices?

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Magnesium prices continued to decline today [SMM Magnesium Ingot Spot Report]

[SMM Analysis: China's Copper Foil Customs Details in April 2025 - Imports and Exports Declined MoM] According to data from the General Administration of Customs, China's copper foil imports in April 2025 were approximately 8,117.83 mt, up 9.68% YoY and down 3.90% MoM. From January to April 2025, China's cumulative copper foil imports were approximately 30,383.57 mt, up 3.45% YoY... SMM, May 23:

US dollar continues to decline, most metals rise, alumina gains over 3%, precious metals rebound strongly, SHFE gold and silver rise over 2% [SMM Daily Review]