Tight Supply of Chinese Ores, Titanium Concentrate Ore Prices Stop Falling and Stabilize [SMM Titanium Spot Cargo Flash 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]

Copper Field Trip

test

[US Fed Interest Rate Cut Expectations Weaken, US Dollar Index Rises, Copper Prices Open Lower] Macro-wise, US Fed's Goolsbee reiterated support for further interest rate cuts and expressed openness to acting at a slower pace. As the market expects fewer interest rate cuts by the US Fed next year, the US dollar index has rebounded, putting pressure on copper prices.

On September 23, BYD announced the simultaneous market launch of two new compact SUVs: the Sealion 05 DM-i and the second-generation Song Pro DM-i.

According to SMM statistics, China's production of ternary cathode materials in H1 2024 was 330,000 mt, up 13.8% YoY from 290,000 mt in H1 2023, with a capacity utilisation rate of around 40%.

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