海关总署在线查询数据显示，中国9月废铜进口量为18.41万吨，环比增加2.6%，同比增加14.8%，1-9月 中国废铜进口量169.9万吨，同比增加1.4%。9月主要废铜进口来源国分别为日本、泰国、韩国、马来西 亚。 数据来源：海关总署 ...

Group 1 - In September 2025, China's import volume of ternary cathode materials reached 8,906 tons, an increase of 1,330 tons month-on-month, representing a growth rate of 17.6%, and a year-on-year increase of 4,163 tons, or 87.8% [1] - The import volume of lithium nickel cobalt manganese oxide (NCM) was 6,871 tons, while lithium nickel cobalt aluminum oxide (NCA) imports totaled 2,034 tons [1] - From January to September 2025, the cumulative import volume of cathode materials in China was 53,477 tons, reflecting a year-on-year decrease of 5.3% [1] Group 2 - In September 2025, China's export volume of ternary cathode materials was 11,100 tons, a decrease of 2,434 tons month-on-month, indicating a decline of 18.0%, but a year-on-year increase of 7,098 tons, or 177.4% [1] - The export volume of lithium nickel cobalt manganese oxide (NCM) was 10,934 tons, while lithium nickel cobalt aluminum oxide (NCA) exports were 166 tons [1] - From January to September 2025, the cumulative export volume of cathode materials in China was 85,357 tons, showing a year-on-year increase of 53.5% [1] Group 3 - In September 2025, China's net export volume of ternary cathode materials was 2,194 tons [1]

Core Insights - In September 2025, China's ternary precursor exports reached 6,727 tons, a month-on-month increase of 177 tons, representing a growth of 2.7%. However, year-on-year, exports decreased by 2,632 tons, marking a decline of 28.1% [1] - Cumulative exports of ternary precursors from January to September 2025 totaled 53,632 tons, reflecting a significant year-on-year decline of 51.2% [1] - In September 2025, China's ternary precursor imports amounted to 691 tons, showing a substantial month-on-month increase of 410 tons, or 145.8%. Year-on-year, imports surged by 691 tons, an extraordinary increase of 874,838.0% [1] - Cumulative imports of ternary precursors from January to September 2025 reached 1,960 tons, with a slight year-on-year decline of 2.6% [1]

Group 1 - In September 2025, China's refined nickel imports reached 28,570.87 tons, a month-on-month increase of 16.97% and a year-on-year increase of 397.76% [1] - From January to September 2025, the cumulative import of refined nickel in China was 187,200 tons, representing a year-on-year increase of 202.5% [1] - The main sources of refined nickel imports were Russia and Norway, with imports from Russia at 19,343.469 tons (up 277.17% month-on-month) and from Norway at 3,053.302 tons (down 74.98% month-on-month) [1] Group 2 - In September 2025, China's refined nickel exports totaled 14,112.095 tons, a decrease of 936 tons (6.22%) month-on-month, but an increase of 3,807 tons (36.94%) year-on-year [1] - From January to September 2025, the cumulative export of refined nickel was 133,437.048 tons, a year-on-year increase of 52,112 tons (64.08%) [1] - Major export destinations for refined nickel included Taiwan (6,580.551 tons, 47%), Singapore (3,630.849 tons, 26%), and South Korea (2,604.855 tons, 18%) [1] Group 3 - In September 2025, China's net imports of refined nickel were 14,458.775 tons, showing a significant increase compared to the previous month [2]

Group 1 - The core point of the article indicates that China's bauxite imports in September 2025 reached 15.88 million tons, showing a month-on-month decrease of 13.2% but a year-on-year increase of 37.5% [1] - Guinea remains the largest supplier of bauxite to China, with shipments in September declining by 14.9% to 10.49 million tons [1] - The decrease in shipments from Guinea is attributed to the rainy season in July and August, which affected mining operations and led to a drop in delivery volumes [1]

Core Insights - China's alumina exports in September reached 246,400 tons, representing a month-on-month increase of 36.51% and a year-on-year increase of 82.23% [1] - Exports of alumina to Russia hit a record high in September, amounting to approximately 231,500 tons, which is an increase of 78,400 tons from the previous month, reflecting a month-on-month growth of 51.24% [1] Summary by Category - **Export Volume** - In September, China's total alumina exports were 246,400 tons, marking a significant increase both month-on-month and year-on-year [1] - **Export Destination** - The volume of alumina exported to Russia reached a new high of 231,500 tons in September, indicating strong demand from this market [1]

据中国海关数据统计，2025年9月中国镍锍进口量5.68万吨，环比增加3.99万吨，增幅236.43%；同比增 加2.26万吨，增幅65.93%。其中自印度尼西亚进口量为5.56万吨，环比增加239.36%，占本月进口量的 97.93%。2025年1-9月镍锍进口总量32.68万吨，同比减少3.99%。 数据来源：海关总署 ...

据海关总署在线查询平台数据显示，中国9月铜矿砂及其精矿进口量为258.69万吨，环比下降6.24%，同 比上升6.43%。其中最大供应国智利输送量骤降逾三成至64.94万吨，秘鲁输送量微增至59万吨，墨西 哥、蒙古等主要供应国输送有不同程度的增加。智利Codelco旗下的El Teniente矿7月底发生事故，智利 铜产量整体受到影响。今年铜矿端干扰较多，国内铜精矿现货加工费持续低位徘徊。 以下为2020年3月以来中国铜矿砂主要进口来源国供应情况： 数据来源：海关总署 ...

Core Viewpoint - The tin market is experiencing a tight supply situation, but expectations for marginally looser supply in the long term are increasing due to the gradual resumption of production in Myanmar's Wa State tin mines. Demand recovery is slow, leading to limited overall demand growth and continued price fluctuations in the tin market [1][2]. Group 1: Supply Dynamics - The domestic tin ore market remains relatively tight, with a slight decline in tin concentrate imports in September. Imports from Myanmar are increasing, while imports from other major producing countries like the Democratic Republic of Congo are decreasing but still within normal ranges [1]. - Tin processing fees are maintaining low levels, and the raw material inventory of major domestic tin smelting enterprises is generally below 30 days, indicating a tight supply situation [1]. - The increase in operating rates in Yunnan is primarily due to seasonal maintenance completion at large smelting plants, but the driving force for sustained recovery in operating rates remains insufficient due to ongoing tight raw material supply [1]. Group 2: Demand Trends - Recent declines in tin prices have led to increased willingness among downstream buyers to inquire and purchase, resulting in slight improvements in spot trading. However, overall consumption recovery remains limited, particularly in the home appliance sector [2]. - There has been a notable increase in domestic mobile phone shipments in July, indicating a recovery in demand in the mobile market, with consumer purchasing willingness strengthening. The release of new products may further boost electronic product order levels, contingent on improvements in terminal order levels [2]. - The overall performance of consumption is currently poor, with the recovery in the terminal market during the peak season not meeting expectations. International trade tensions are negatively impacting the semiconductor market [2].

总统Mulino曾在6月时表示，和第一量子矿物公司签订金属供应协议的Franco-Nevada公司同意停止针对巴拿马的 仲裁案后，"开始对话的可能性已经很明确"。 该矿曾占到全球铜矿开采量的1%。 对于巴拿马来说，该矿的重新开放可能创造数千个就业岗位，提振经济。该矿约占到巴拿马国内生产总值的5%。 Chapman表示，公众对于该矿的看法有所改善，最新民调显示，50%的受访者对该矿持有负面看法，而一年前这 一比例超过80%。 （文华综合） 作为全球最大的铜消费国，中国产业链面临三大挑战：上游资源对外依存度攀升、中游加工环节产能过剩、下游 需求受高铜价抑制。为助力行业应对变局，上海有色网携手铜产业链企业联合编制《2026中国铜产业链分布图》 中英双语版，点击此链接即可免费领取铜产业链分布图：https://s.wcd.im/v/470opZ19l/。 SMM联合制作联系人 刘明康 10月20日（周一），巴拿马财政部长在接受采访时表示，巴拿马将要求重启价值100亿美元的Cobre Panama铜矿的 任何协议都必须明确规定，该国是该铜矿的土地和资源所有方。 在最高法院裁决、环境抗疫和政治动荡后，该矿山于2023年底 ...