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

A company in Hunan successfully closed a deal for 1,000 mt of bismuth concentrate [[SMM Bismuth Market Tracking Report]]

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]

Last night, LME copper opened at $9,120/mt.

SMM data shows high iron ore shipment volumes in March, driven by mines aiming to hit quarterly targets and two additional working days compared to February. Considering these elements, March likely saw a MoM rise in iron ore import volumes. As April ushers in peak demand season and steel mills ramp up, pig iron output is set to grow, boosting iron ore demand.

In 2023, Stellantis net revenue reached 189.5 billion euros, a year-on-year increase of 6%, net profit reached 18.6 billion euros, a year-on-year increase of 11%, and industrial free cash flow increased by 19% year-on-year to 12.9 billion euros.

Beteray: Achieved revenue of 251.19 billion yuan and a net profit attributable to shareholders of 1.651 billion yuan in 2023

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