China's 1# refined copper spot prices stood at Yuan 102,678/tonne on January 26, significantly rebounding by Yuan 1,974/tonne compared with the previous trading day, according to Mysteel's assessment. Specifically, spot prices in Shanghai ranged between Yuan 102,250-103,300/tonne, averaging at Yuan

Zinc prices fell before rising last week, with Mysteel's China #0 zinc ingot weekly spot average price down by 1.11% week on week to an average of Yuan 24,396/tonne. The Shanghai Futures Exchange (SHFE) average price decreased by 0.74%, and the London Metal Exchange (LME) zinc average price decrease

Global primary aluminum output reached approximately 73.78 million tonnes in 2025, up 1.1% from the 2024 total, the latest data released by the International Aluminium Institute (IAI) showed.

During the January 16-22 week, output of metallurgical-grade alumina by the 44 Chinese refiners tracked by Mysteel slipped by 0.8% on week to 1.84 million tonnes, reversing the upticks seen over the previous two weeks, according to Mysteel's survey.

Last week, cobalt intermediates prices sustained their upward momentum. During the week, a foreign miner, optimistic about the market outlook, placed purchase inquiries at USD $25.5 per pound in the domestic market, boosting overall market sentiment and driving cobalt intermediates prices further up