Shanghai Metals Market

[SMM Energy Flash] Central Java Sees 55 MW Geothermal Potential at Gunung Ungaran

The Central Java provincial government is pushing the development of geothermal resources at Gunung Ungaran in Semarang Regency, with the area estimated to support around 55 MW of geothermal ...
Shanghai Metals Market

[SMM Coal Flash] Whitehaven FY26 ROM Coal Production Rises 3% to 40.3 Mt

Australia’s Whitehaven Coal reported managed ROM coal production of 40.3 Mt in FY2026, up 3% year on year and near the top of its 37–41 Mt guidance, while equity sales of produced coal rose 8% ...
Shanghai Metals Market

[SMM Energy Flash] Dongfang Advances Batam Power Projects as Tanjung Sauh Nears Commissioning

China’s Dongfang Electric is advancing several power projects in Indonesia’s Batam area, with the Tanjung Sauh power project approaching commissioning, according to Petromindo. The progress ...
Shanghai Metals Market

[SMM Nickel Flash] GEM’s Indonesia MHP Output Falls 37% in H1, Targets 65,000 mt Nickel in H2

China’s GEM Co., Ltd. said its overseas nickel resource projects produced 27,790 mt of contained nickel in MHP in H1 2026, including attributable capacity, down 37% YoY and reaching only 40% of ...
Shanghai Metals Market

[SMM Computing Power Flash] Ascend 910B Rental Demand Heats Up, Preference for 910B3 or Higher Specifications

SMM has learned that rental demand for the Huawei Ascend 910B series has continued to rise. Lessees prefer the 910B3 and higher-spec models, and the commonly accepted contract structure is ...
Shanghai Metals Market

Warsh’s Speech at the Central Bank Annual Conference Leaned Hawkish, Platinum Drifted Lower, Spot Market Was Dominated by a Wait-and-See Stance [SMM Daily Review]

Warsh's hawkish speech at the Jackson Hole central bank conference pressured platinum prices, with GFEX PT2610 closing down 2.18% at 444.50 yuan/g. The spot market saw a wait-and-see stance, ...
Shanghai Metals Market

[SMM Computing Power Flash] A100 40G Bare Metal for Rent in East China, Monthly Rent 8,800 Yuan Excluding Tax

SMM learned that a data center in east China released one A100 40G bare metal server at a monthly rental of 8,800 yuan/unit (excluding tax). This price is higher than the previous rental price ...
Shanghai Metals Market

[SMM Computing Power Midday Review] A800 Highest Price in Yangtze River Delta Up 13%, H200 Five-Year Fixed Price Benchmarked to Spot Price

Today, the highest monthly rental for A800-80G full servers in the Yangtze River Delta rose 13.33% to 34,000 yuan, and the highest price of the 4090 in the Pearl River Delta rose 2.63% to ...
Shanghai Metals Market

Indonesian MHP Nickel and Cobalt FOB Prices Decline, High-Grade Nickel Matte Down by $2/mt Ni

According to SMM data, on August 31, the FOB price of Indonesian MHP nickel fell by $1/mt Ni from the previous day, and the FOB price of Indonesian MHP cobalt fell by $1,621/mt Co. The FOB price ...
Shanghai Metals Market

Chile, Argentina, Bolivia and Peru Sign Joint Declaration on Strategic Minerals Cooperation

Chile, Argentina, Bolivia and Peru signed a joint declaration on strategic minerals on August 28, seeking to strengthen regional cooperation in critical mineral resources including lithium ...
Metal

Cost support drives ADC12 aluminum alloy prices up; peak season demand recovery remains limited [SMM cast aluminum alloy morning comment]

[SMM cast aluminum alloy morning comment: Cost support drives ADC12 prices up, while peak-season demand recovery remains limited] Yesterday, ADC12 market quotes consolidated on a strong note overall, ...
Metal

Copper prices and price spread between futures contracts both strengthen, spot discounts in North China widen [SMM North China spot copper]

Spot copper cathode (#1) in North China was quoted at a discount of 90 yuan/mt to parity against the front-month contract today, with an average discount of 45 yuan/mt, down 25 yuan/mt from the ...